Alan Wayne Ellingson - 01 Feb 2025 Form 4 Insider Report for DraftKings Inc. (DKNG)

Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
01 Feb 2025
Transactions value $
-$59,863
Form type
4
Filing time
04 Feb 2025, 20:03:32 UTC
Previous filing
03 Dec 2024
Next filing
11 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 +4,311 +21.1% 24,700 01 Feb 2025 Direct F1
transaction DKNG Class A Common Stock Tax liability -$59,862 -1,427 -5.78% $41.95 23,273 01 Feb 2025 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 -4,311 -7.14% $0.000000 56,032 01 Feb 2025 Class A Common Stock 4,311 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 4,311 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,427 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.