R. Stanton Dodge - 18 Jul 2025 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Legal Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
18 Jul 2025
Transactions value $
-$4,155,582
Form type
4
Filing time
22 Jul 2025, 20:01:12 UTC
Previous filing
03 Jul 2025
Next filing
01 Aug 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Dodge R Stanton Chief Legal Officer C/O DRAFTKINGS INC., 222 BERKELEY STREET, 5TH FLOOR, BOSTON /s/ Faisal Hasan, attorney-in-fact 22 Jul 2025 0001404430

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise $359,394 +76,467 +15% $4.7 581,302 18 Jul 2025 Direct F1
transaction DKNG Class A Common Stock Options Exercise $79,789 +24,252 +4.2% $3.29 605,554 18 Jul 2025 Direct F1
transaction DKNG Class A Common Stock Sale -$4,594,765 -105,554 -17% $43.53 500,000 18 Jul 2025 Direct F2, F3

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 Stock Option Options Exercise $0 -76,467 -64% $0 42,604 18 Jul 2025 Class A Common Stock 76,467 $4.7 Direct F4
transaction DKNG Stock Option Options Exercise $0 -24,252 -27% $0 66,382 18 Jul 2025 Class A Common Stock 24,252 $3.29 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 The Reporting Person acquired shares of Class A Common Stock of the Issuer upon the exercise of stock options and payment of the aggregate exercise price in cash.
F2 The reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on December 13, 2024 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.28 to $44.02, 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 this footnote 3 to this Form 4.
F4 These stock options were granted on June 4, 2019. As of the date hereof, all such remaining stock options have vested.
F5 These stock options were granted on April 18, 2018. As of the date hereof, all such remaining stock options have vested.