Filing Details
- Accession Number:
- 0001104659-23-028115
- Form Type:
- 4/A
- Zero Holdings:
- No
- Publication Time:
- 2023-03-02 21:21:02
- Reporting Period:
- 2023-02-27
- Accepted Time:
- 2023-03-02 21:21:02
- Original Submission Date:
- 2023-03-01
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1883685 | Draftkings Inc. | DKNG | () | 4/A |
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
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2023-02-28 | 13,584 | $0.00 | 1,955,604 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2023-02-28 | 6,025 | $18.86 | 1,949,579 | No | 4 | F | Direct | |
| Class A Common Stock | Disposition | 2023-03-01 | 281,704 | $18.64 | 1,667,875 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| 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 |
Footnotes
- No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 13,854 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,025 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. The original Form 4, filed on March 1, 2023 (the "Original Form 4") is being amended by this Form 4/A to disclose the number of shares withheld upon the vesting of the RSUs on February 28, 2023. This Form 4/A provides the number of shares withheld and the price at which shares were withheld and reflects the number of shares of Class A Common Stock owned by the Reporting Person following such transaction.
- 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 performance-based restricted stock units. 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. 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 footnote 2. This Form 4/A is amending the Original Form 4 in respect of this transaction only with respect to the number of shares of Class A Common Stock owned by the Reporting Person as a result of the withholding reported in footnote 1 above.
- The RSUs were granted and became fully vested on February 28, 2023.
Billionaire Hedge Funds
