Jason Park - Feb 28, 2023 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
Feb 28, 2023
Transactions value $
-$105,786
Form type
4
Date filed
3/2/2023, 08:37 PM
Previous filing
Feb 24, 2023
Next filing
Apr 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 +12.6K +2.07% 621K Feb 28, 2023 Direct F1
transaction DKNG Class A Common Stock Tax liability -$106K -5.61K -0.9% $18.86 616K Feb 28, 2023 Direct
holding DKNG Class A Common Stock 29.2K Feb 28, 2023 Held by Park Family 2021 Grantor Retained Annuity Trust
holding DKNG Class A Common Stock 100K Feb 28, 2023 Held by Park Family 2022 Grantor Retained Annuity Trust III
holding DKNG Class A Common Stock 70.8K Feb 28, 2023 Held by Park Family 2022 Grantor Retained Annuity Trust IV
holding DKNG Class A Common Stock 100K Feb 28, 2023 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 Award $0 +12.6K $0.00 12.6K Feb 28, 2023 Class A Common Stock 12.6K Direct F1, F2
transaction DKNG Restricted Stock Units Options Exercise $0 -12.6K -100% $0.00* 0 Feb 28, 2023 Class A Common Stock 12.6K 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 ("RSUs") other than to satisfy withholding taxes. The Reporting Person received the net of the 12,585 shares of Class A Common Stock underlying the RSUs listed in Table II, and 5,609 shares of Class A Common Stock withheld by the issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 The RSUs were granted and became fully vested on February 28, 2023.