Alan Wayne Ellingson - Mar 1, 2025 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Financial Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Mar 1, 2025
Transactions value $
-$95,264
Form type
4
Date filed
3/4/2025, 09:51 PM
Previous filing
Feb 26, 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 +1.61K +0.93% 175K Mar 1, 2025 Direct F1
transaction DKNG Class A Common Stock Tax liability -$34.1K -777 -0.44% $43.86 174K Mar 1, 2025 Direct
transaction DKNG Class A Common Stock Options Exercise +2.14K +1.23% 177K Mar 1, 2025 Direct F2
transaction DKNG Class A Common Stock Tax liability -$45.4K -1.04K -0.59% $43.86 175K Mar 1, 2025 Direct
transaction DKNG Class A Common Stock Options Exercise +742 +0.42% 176K Mar 1, 2025 Direct F3
transaction DKNG Class A Common Stock Tax liability -$15.7K -359 -0.2% $43.86 176K 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 Options Exercise $0 -1.61K -20% $0.00 6.43K Mar 1, 2025 Class A Common Stock 1.61K Direct F1, F4
transaction DKNG Restricted Stock Units Options Exercise $0 -2.14K -11.11% $0.00 17.1K Mar 1, 2025 Class A Common Stock 2.14K Direct F2, F5
transaction DKNG Restricted Stock Units Options Exercise $0 -742 -7.69% $0.00 8.9K Mar 1, 2025 Class A Common Stock 742 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 1,606 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 2,141 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,036 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 742 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.