Woodrow Levin - 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, 08:08 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 +833 +3.45% 25K May 3, 2022 Direct F1
holding DKNG Class A Common Stock 10 May 3, 2022 Held by OneSix Red, LLC
holding DKNG Class A Common Stock 44.6K May 3, 2022 Held by Levin Family 2015 Irrevocable Trust 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 +833 $0.00 833 May 3, 2022 Class A Common Stock 833 Direct F1, F3, F4, F5
transaction DKNG Restricted Stock Units Options Exercise $0 -833 -100% $0.00* 0 May 3, 2022 Class A Common Stock 833 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 Reporting Person does not have a reportable beneficial interest in the shares of Class A Common Stock held by the Levin 2020 Irrevocable Trust and the Levin Family 2020 Irrevocable Trust previously included in ownership reports of the Reporting Person and accordingly such shares are not included in Table I of this Form 4.
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.