Steven Joseph Murray - Dec 13, 2021 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Director
Signature
/s/ Steven Joseph Murray
Stock symbol
DKNG
Transactions as of
Dec 13, 2021
Transactions value $
-$857,338
Form type
4
Date filed
12/15/2021, 05:48 PM
Previous filing
Nov 22, 2021
Next filing
Feb 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise $544K +47.3K $11.50* 47.3K Dec 13, 2021 Held by Revolution Growth III, LP F1
transaction DKNG Class A Common Stock Disposed to Issuer -$544K -16.6K -35.1% $32.76* 30.7K Dec 13, 2021 Held by Revolution Growth III, LP F1, F2
transaction DKNG Class A Common Stock Sale -$857K -30.7K -100% $27.92* 0 Dec 14, 2021 Held by Revolution Growth III, LP F1, F3
holding DKNG Class A Common Stock 28.2K Dec 13, 2021 Direct

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 Warrant for Common Stock Options Exercise $0 -47.3K -100% $0.00* 0 Dec 13, 2021 Class A Common Stock 47.3K $11.50 Held by Revolution Growth III, LP F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person is the operating manager and a member of the investment committee of the ultimate general partner of Revolution Growth III, LP ("RG3") and may be deemed to have sole voting and shared dispositive power with respect to the securities held by RG3. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F2 On December 13, 2021, RG3 exercised a warrant to purchase 47,317 shares of the Issuer's Class A Common Stock for $11.50 a share. RG3 paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 16,610 of the warrant shares to pay the exercise price and issuing to RG3 the remaining 30,707 shares.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.70 to $28.28 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.