Alan Wayne Ellingson - 01 Nov 2024 Form 4 Insider Report for DraftKings Inc. (DKNG)

Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
01 Nov 2024
Transactions value $
$-74,378
Form type
4
Filing time
01 Nov 2024, 21:56:02 UTC
Previous filing
04 Sep 2024
Next filing
26 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +4,310 +27.4% 20,046 01 Nov 2024 Direct F1
transaction DKNG Class A Common Stock Tax liability $-74,378 -2,084 -10.4% $35.69 17,962 01 Nov 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DKNG Restricted Stock Units Options Exercise $0 -4,310 -6.67% $0.000000 60,343 01 Nov 2024 Class A Common Stock 4,310 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 4,310 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,084 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 On May 1, 2024, the Reporting Person was granted 68,963 RSUs vesting quarterly over four (4) years from May 1, 2024.