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Filing Details

Accession Number:: 0001104659-23-025476
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-02-24 20:01:20
Reporting Period:: 2023-02-22

Accepted Time:: 2023-02-24 20:01:20
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
1404430	Stanton R Dodge	C/O Draftkings Inc. 222 Berkeley Street, 5Th Floor Boston MA 02116	Chief Legal Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2023-02-22	283,333	$0.00	657,935	No	4	A	Direct
Class A Common Stock	Acquisiton	2023-02-22	117,408	$0.00	775,343	No	4	A	Direct
Class A Common Stock	Acquisiton	2023-02-22	2,446	$0.00	777,789	No	4	M	Direct
Class A Common Stock	Disposition	2023-02-22	704	$19.53	777,085	No	4	F	Direct
Class A Common Stock	Disposition	2023-02-23	177,011	$18.84	600,074	No	4	S	Direct
Class A Common Stock	Acquisiton	2023-02-23	1,503	$0.00	601,577	No	4	M	Direct
Class A Common Stock	Disposition	2023-02-23	658	$19.04	600,919	No	4	F	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Restricted Stock Units	Disposition	2023-02-22	2,446	$0.00	2,446	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2023-02-23	1,503	$0.00	1,503	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
19,568			No	4	M	Direct
3,008			No	4	M	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 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.
No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 2,446 shares of Class A Common Stock underlying the RSUs listed in the first row of Table II, and 704 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.
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 $18.59 to $19.59, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide 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 3 to this Form 4.
No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 1,503 shares of Class A Common Stock underlying the RSUs listed in the second row of Table II, and 658 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.
On February 22, 2021, the Reporting Person was granted 39,136 RSUs vesting quarterly over 4 years.
On February 9, 2022, the Reporting Person was granted 18,118 RSUs vesting in twelve (12) equal monthly installments from April 23, 2022.