Jason Park - Oct 23, 2022 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: Oct 23, 2022
Transactions value $: -$27,371
Form type: 4
Date filed: 10/25/2022, 08:01 PM
Previous filing: Aug 24, 2022
Next filing: Nov 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DKNG	Class A Common Stock	Options Exercise		+4.64K	+1.13%		416K	Oct 23, 2022	Direct	F1
transaction	DKNG	Class A Common Stock	Tax liability	-$27.4K	-2.07K	-0.5%	$13.21	414K	Oct 23, 2022	Direct
holding	DKNG	Class A Common Stock						29.2K	Oct 23, 2022	Held by Park Family 2021 Grantor Retained Annuity Trust
holding	DKNG	Class A Common Stock						100K	Oct 23, 2022	Held by Park Family 2021 Grantor Retained Annuity Trust III
holding	DKNG	Class A Common Stock						70.8K	Oct 23, 2022	Held by Park Family 2021 Grantor Retained Annuity Trust IV
holding	DKNG	Class A Common Stock						100K	Oct 23, 2022	Held by Park Family 2022 Grantor Retained Annuity Trust V

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	-4.64K	-14.29%	$0.00	27.8K	Oct 23, 2022	Class A Common Stock	4.64K		Direct	F1, F2

* 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 other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 4,635 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 2,072 shares of Class A Common Stock withheld by the Issuer. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2	On August 11, 2020, the Reporting Person was granted 74,158 restricted stock units, vesting quarterly over 4 years from April 23, 2020, with any restricted stock units scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining restricted stock units occurring on October 23, 2020 and each quarter thereafter.

Content

No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 4,635 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 2,072 shares of Class A Common Stock withheld by the Issuer. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.

On August 11, 2020, the Reporting Person was granted 74,158 restricted stock units, vesting quarterly over 4 years from April 23, 2020, with any restricted stock units scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining restricted stock units occurring on October 23, 2020 and each quarter thereafter.