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

Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
01 Dec 2024
Net transactions value
-$94,764
Form type
4
Filing time
03 Dec 2024, 21:50:03 UTC
Previous filing
26 Nov 2024
Next filing
04 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +1,607 +8.9% 19,679 01 Dec 2024 Direct F1
transaction DKNG Class A Common Stock Tax liability $33,916 -777 -3.9% $43.65 18,902 01 Dec 2024 Direct
transaction DKNG Class A Common Stock Options Exercise +2,140 +11% 21,042 01 Dec 2024 Direct F2
transaction DKNG Class A Common Stock Tax liability $45,178 -1,035 -4.9% $43.65 20,007 01 Dec 2024 Direct
transaction DKNG Class A Common Stock Options Exercise +741 +3.7% 20,748 01 Dec 2024 Direct F3
transaction DKNG Class A Common Stock Tax liability $15,670 -359 -1.7% $43.65 20,389 01 Dec 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 -1,607 -17% $0.000000 8,032 01 Dec 2024 Class A Common Stock 1,607 Direct F1, F4
transaction DKNG Restricted Stock Units Options Exercise $0 -2,140 -10% $0.000000 19,263 01 Dec 2024 Class A Common Stock 2,140 Direct F2, F5
transaction DKNG Restricted Stock Units Options Exercise $0 -741 -7.1% $0.000000 9,643 01 Dec 2024 Class A Common Stock 741 Direct F3, F6
* 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 1,607 shares of Class A Common Stock underlying the RSUs listed in Table II, and 777 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 No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 2,140 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,035 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.
F3 No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 741 shares of Class A Common Stock underlying the RSUs listed in Table II, and 359 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.
F4 On March 1, 2022, the Reporting Person was granted 25,703 RSUs vesting quarterly over four (4) years from March 1, 2022.
F5 On March 1, 2023, the Reporting Person was granted 34,245 RSUs vesting quarterly over four (4) years from March 1, 2023.
F6 On February 16, 2024, the Reporting Person was granted 11,868 RSUs vesting quarterly over four (4) years from March 1, 2024.