Steven Joseph Murray - Nov 19, 2021 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Nov 19, 2021
Transactions value $
$366,600
Form type
4
Date filed
11/22/2021, 08:20 AM
Previous filing
Nov 4, 2021
Next filing
Dec 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Purchase $367K +10K +55.08% $36.66* 28.2K Nov 19, 2021 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 19, 2021, the Reporting Person purchased 10,000 shares of Class A Common Stock, par value $0.0001 per share, of the Issuer in open market transactions.
F2 The price reported in Column 4 is a weighted average price. These shares were purchased at prices ranging from $36.629 to $36.67, 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 purchased at each separate price within the range set forth in this footnote.
F3 The shares reported herein give effect to the pro rata distribution of shares by Revolution Growth III, LP ("RG3") for no additional consideration to its limited partners, including the Reporting Person, and its general partner, Revolution Growth GP III, LP ("Revolution GP3"), subsequent to the Reporting Person's last filing pursuant to Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16") reporting ownership of Class A Common Stock. As the distribution of such shares constituted only a change in the form of the Reporting Person's beneficial ownership of such shares, the Reporting Person was not required to report the distribution pursuant to Section 16. As a result of the distribution, the Reporting Person's direct beneficial ownership reported in Table I includes an additional 807 shares of Class A Common Stock and the Reporting Person no longer indirectly beneficially owns shares of Class A Common Stock through RG3 or Revolution GP3.