Jason Park - Dec 29, 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
Dec 29, 2022
Transactions value $
$235,000
Form type
4
Date filed
12/30/2022, 07:00 PM
Previous filing
Nov 25, 2022
Next filing
Jan 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise $235K +50K +11.78% $4.70* 474K Dec 29, 2022 Direct F1
holding DKNG Class A Common Stock 29.2K Dec 29, 2022 Held by Park Family 2021 Grantor Retained Annuity Trust
holding DKNG Class A Common Stock 100K Dec 29, 2022 Held by Park Family 2021 Grantor Retained Annuity Trust III
holding DKNG Class A Common Stock 70.8K Dec 29, 2022 Held by Park Family 2021 Grantor Retained Annuity Trust IV
holding DKNG Class A Common Stock 100K Dec 29, 2022 Held by Park Family 2021 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 Stock Option Options Exercise $0 -50K -10.52% $0.00 425K Dec 29, 2022 Class A Common Stock 50K $4.70 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options in an exercise-and-hold transaction, and paid the aggregate exercise price and the tax withholdings in cash
F2 These stock options were granted on June 4, 2019. As of the date hereof, 359,171 of such remaining stock options have vested. The remaining stock options will vest in two (2) equal quarterly installments beginning March 4, 2023.