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Filing Details

Accession Number:: 0001104659-23-024417
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-02-22 20:47:36
Reporting Period:: 2023-02-17

Accepted Time:: 2023-02-22 20:47:36
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1883685	Draftkings Inc.	DKNG	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1824092	Erik Bradbury	C/O Draftkings Inc. 222 Berkeley Street, 5Th Floor Boston MA 02116	Chief Accounting Officer	No	Yes	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
Class A Common Stock	Acquisiton	2023-02-17	35,990	$0.00	42,570	No	4	A	Direct
Class A Common Stock	Disposition	2023-02-17	16,849	$20.69	25,721	No	4	S	Direct
Class A Common Stock	Acquisiton	2023-02-17	4,620	$0.00	30,341	No	4	A	Direct
Class A Common Stock	Disposition	2023-02-17	2,126	$20.69	28,215	No	4	S	Direct
Class A Common Stock	Acquisiton	2023-02-17	381	$0.00	28,596	No	4	A	Direct
Class A Common Stock	Disposition	2023-02-17	199	$20.54	28,397	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	S	Direct
No	4	A	Direct
No	4	S	Direct
No	4	A	Direct
No	4	F	Direct

Footnotes

Represents the vesting of the restricted stock units ("RSUs") granted pursuant to the Issuer's 2020 Incentive Award Plan (the "Plan"), which vested upon the achievement of certain performance goals. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.02 to $22.02, 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 price range set forth in this footnote.
Represents the vesting of the performance-based restricted stock units ("PSUs") granted pursuant to the Plan, which vested upon the achievement of certain performance criteria. Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.02 to $22.02, 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 price range set forth in this footnote.
No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs, which vested upon the achievement of certain performance goals, other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 381 shares of Class A Common Stock underlying the RSUs that vested, and 199 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.