Erik Bradbury - Feb 28, 2025 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Accounting Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Feb 28, 2025
Transactions value $
-$56,272
Form type
4
Date filed
3/4/2025, 09:50 PM
Previous filing
Feb 24, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +2.75K +22.94% 14.7K Mar 1, 2025 Direct F1, F2
transaction DKNG Class A Common Stock Tax liability -$56.3K -1.28K -8.72% $43.86 13.4K Mar 1, 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 Award $0 +2.23K $0.00 2.23K Feb 28, 2025 Class A Common Stock 2.23K Direct F1, F3
transaction DKNG Restricted Stock Units Options Exercise $0 -2.75K -6.67% $0.00 38.4K Mar 1, 2025 Class A Common Stock 2.75K Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 2,745 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,283 shares of Class A Common Stock withheld by the Issuer.
F3 On February 28, 2025, the Reporting Person was granted 2,230 RSUs vesting quarterly over four (4) years from March 1, 2025.
F4 On August 12, 2024, the Reporting Person was granted 43,923 RSUs vesting quarterly over four (4) years from September 1, 2024.