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Filing Details

Accession Number:: 0001104659-21-110674
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-08-27 20:09:17
Reporting Period:: 2021-08-25

Accepted Time:: 2021-08-27 20:09:17
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1772757	Draftkings Inc.	DKNG	Services-Miscellaneous Amusement & Recreation (7990)	844052441

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1810211	S. John Salter	C/O Draftkings Inc. 222 Berkeley Street, 5Th Floor Boston MA 02116		Yes	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2021-08-25	12,637	$60.03	16,743,300	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2021-08-25	4,446,336	$0.00	12,296,964	No	4	J	Indirect	See footnote
Class A Common Stock	Disposition	2021-08-26	77,052	$60.12	12,219,912	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2021-08-27	31,227	$60.00	12,188,685	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote
No	4	J	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	S	Indirect	See footnote

Footnotes

This price is a weighted average price. These shares (the "Shares") of Class A Common Stock of DraftKings Inc. were sold in multiple transactions at prices ranging from $60.00 to $60.14, inclusive. The reporting person undertakes to provide 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 ranges set forth in this explanatory note.
These Shares were sold by The Raine Group LLC pursuant to a plan of distribution (each such plan referenced herein, a "Plan") pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended ("Rule 10b5-1"), that it adopted on May 21, 2021. The Reporting Person disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein, and the filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of the Shares for purposes of Section 16 or for any other purpose.
On March 19, 2021, each of RPII DK LLC (the "LLC") and Raine Partners II LP ("Raine Partners II") adopted a Plan. On August 25, 2021, the LLC distributed pursuant to its Plan 5,525,289 Shares to Raine Partners II, its sole member, for no consideration. On the same date, Raine Partners II distributed pursuant to its Plan 4,446,336 Shares to its unaffiliated partners, pro rata in accordance with their respective interests in Raine Partners II for no consideration, and 1,078,953 Shares to Raine Associates II LP ("Raine Associates") for no consideration.
This price is a weighted average price. These Shares were sold in multiple transactions at prices ranging from $60.00 to $60.32, inclusive. The reporting person undertakes to provide 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 ranges set forth in this explanatory note.
These shares were sold by Raine Associates pursuant to a Plan it adopted on May 25, 2021. The Reporting Person disclaims beneficial ownership of the Shares except to the extent of his pecuniary interest therein, and the filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of the Shares for purposes of Section 16 or for any other purpose.
This price is a weighted average price. These Shares were sold in multiple transactions at prices ranging from $60.00 to $60.03, inclusive. The reporting person undertakes to provide 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 ranges set forth in this explanatory note.