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Filing Details

Accession Number:: 0001104659-23-027530
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-03-01 20:33:34
Reporting Period:: 2023-02-27

Accepted Time:: 2023-03-01 20:33:34
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
1810204	Paul Liberman	C/O Draftkings Inc. 222 Berkeley Street, 5Th Floor Boston MA 02116	See Remarks	Yes	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	2023-02-27	500,000	$0.00	1,465,420	No	4	A	Direct
Class A Common Stock	Acquisiton	2023-02-27	127,617	$0.00	1,593,037	No	4	A	Direct
Class A Common Stock	Acquisiton	2023-02-28	500,000	$0.00	2,093,037	No	4	A	Direct
Class A Common Stock	Acquisiton	2023-02-28	127,617	$0.00	2,220,654	No	4	A	Direct
Class A Common Stock	Disposition	2023-02-28	278,634	$18.78	1,942,020	No	4	S	Direct
Class A Common Stock	Acquisiton	2023-02-28	13,584	$0.00	1,955,604	No	4	M	Direct
Class A Common Stock	Disposition	2023-03-01	281,704	$18.64	1,673,900	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	A	Direct
No	4	A	Direct
No	4	A	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	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	Acquisiton	2023-02-28	13,584	$0.00	13,584	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2023-02-28	13,584	$0.00	13,584	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
13,584			No	4	A	Direct
0			No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	1,527,250	Indirect	Held by the Paul Liberman 2015 Revocable Trust
Class A Common Stock	272,357	Indirect	Held by the Paul Liberman 2020 Trust
Class A Common Stock	13,597	Indirect	Held by the Liberman Grantor Retained Annuity Trust of 2020
Class A Common Stock	200,000	Indirect	Held by the Rachel Nager Liberman 2015 Revocable Trust
Class A Common Stock	200,000	Indirect	Held by the Paul Liberman 2020 Irrevocable Trust

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.
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 $18.53 to $19.53, 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 footnotes 3 and 5 to this Form 4.
No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs.
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 $18.47 to $19.47, inclusive. See the last sentence of footnote 3 above.
Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
The RSUs were granted and became fully vested on February 28, 2023.