Steven Joseph Murray - May 3, 2022 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
May 3, 2022
Transactions value $
$0
Form type
4
Date filed
5/4/2022, 08:03 PM
Previous filing
Apr 21, 2022
Next filing
May 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +1.25K +3.72% 34.8K May 3, 2022 Direct F1, F2

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 +1.25K $0.00 1.25K May 3, 2022 Class A Common Stock 1.25K Direct F1, F3, F4, F5
transaction DKNG Restricted Stock Units Options Exercise $0 -1.25K -100% $0.00* 0 May 3, 2022 Class A Common Stock 1.25K Direct F1, F3, F4, F5
transaction DKNG Restricted Stock Units Award $0 +13.3K $0.00 13.3K May 3, 2022 Class A Common Stock 13.3K Direct F3, F6, F7
* 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").
F2 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. The Reporting Person's direct beneficial ownership reported in Table I includes 3,229 shares as a result of the distribution.]
F3 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock
F4 Represents RSU grant that is being issued in lieu of a quarterly cash retainer.
F5 The RSUs were granted and became fully vested on May 3, 2022.
F6 Represents annual equity grant.
F7 The RSUs were granted on May 3, 2022 and shall vest in full on the earlier of the Issuer's annual meeting of shareholders in 2023 and the first anniversary of the grant date.