| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | DKNG | Class A Common Stock | Options Exercise | +5.85K | +0.22% | 2.68M | Feb 22, 2025 | Direct | F1, F2 | ||
| transaction | DKNG | Class A Common Stock | Tax liability | -$129K | -2.83K | -0.11% | $45.57 | 2.68M | Feb 22, 2025 | Direct | |
| transaction | DKNG | Class A Common Stock | Award | $0 | +1.32M | +49.27% | $0.00 | 4M | Feb 24, 2025 | Direct | F1, F3 |
| transaction | DKNG | Class A Common Stock | Sale | -$18.4M | -436K | -10.9% | $42.21 | 3.57M | Feb 25, 2025 | Direct | F4, F5 |
| transaction | DKNG | Class A Common Stock | Sale | -$9.37M | -219K | -6.14% | $42.77 | 3.35M | Feb 25, 2025 | Direct | F4, F6 |
| transaction | DKNG | Class A Common Stock | Sale | -$498K | -11.3K | -0.34% | $43.91 | 3.34M | Feb 25, 2025 | Direct | F4, F7 |
| holding | DKNG | Class A Common Stock | 90 | Feb 22, 2025 | Held by Jason Robins Revocable Trust u/d/t January 8, 2014 |
| 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 | -5.85K | -100% | $0.00 | 0 | Feb 22, 2025 | Class A Common Stock | 5.85K | Direct | F1, F2, F8 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Each restricted stock unit ("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 5,849 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,828 shares of Class A Common Stock withheld by the Issuer. |
| F3 | Represents the vesting of the RSUs granted pursuant to the Issuer's 2020 Incentive Award Plan, which vested upon the achievement of certain performance goals. |
| F4 | Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. The "sell to cover" transactions were effected pursuant to a pre-arranged program for selling shares of Class A Common stock adopted on November 21, 2024 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. |
| F5 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.53 to $42.52, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 5, 6 and 7 to this Form 4. |
| F6 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.53 to $43.52, inclusive. See the last sentence of footnote 5 to this Form 4 above. |
| F7 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.53 to $44.00, inclusive. See the last sentence of footnote 5 to this Form 4 above. |
| F8 | On February 22, 2021, the Reporting Person was granted 93,586 RSUs vesting quarterly over four (4) years. |
Chief Executive Officer and Chairman of the Board. In addition, Jason Robins is the sole holder of 393,013,951 shares of Class B Common Stock of the Issuer, which are not registered securities.