Filing Details

Accession Number:
0001104659-23-049772
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-04-25 20:36:43
Reporting Period:
2023-04-21
Accepted Time:
2023-04-25 20:36:43
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
1810235 Jason Park C/O Draftkings Inc.
222 Berkeley Street, 5Th Floor
Boston MA 02116
Chief Financial Officer No 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 Disposition 2023-04-21 2,596 $21.75 670,348 No 4 S Direct
Class A Common Stock Disposition 2023-04-21 50,000 $21.72 620,348 No 4 S Direct
Class A Common Stock Disposition 2023-04-21 50,000 $21.72 570,348 No 4 S Direct
Class A Common Stock Acquisiton 2023-04-23 4,635 $0.00 574,983 No 4 M Direct
Class A Common Stock Disposition 2023-04-23 2,071 $21.97 572,912 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 M Direct
No 4 F Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Restricted Stock Units Disposition 2023-04-23 4,635 $0.00 4,635 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
18,539 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 29,174 Indirect Held by Park Family 2021 Grantor Retained Annuity Trust
Class A Common Stock 42,689 Indirect Held by Park Family 2022 Grantor Retained Annuity Trust III
Class A Common Stock 70,826 Indirect Held by Park Family 2022 Grantor Retained Annuity Trust IV
Class A Common Stock 100,000 Indirect Held by Park Family 2022 Grantor Retained Annuity Trust V
Footnotes
  1. 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 4,635 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,071 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.
  2. The reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on December 14, 2021 (as amended) pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.42 to $22.01, 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, 4, and 5 to this Form 4.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.36 to $22.01, inclusive. See the last sentence of footnote 3 to this Form 4 above.
  5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.36 to $22.01, inclusive. See the last sentence of footnote 3 to this Form 4 above.
  6. Reflects the transfer of 57,311 Class A Common Stock to the Reporting Person previously reported as indirectly held by the Reporting Person through the Park Family 2022 Grantor Retained Annuity Trust III, of which the Reporting Person serves as the Trustee and is the sole annuitant. There was no purchase or sale of shares of Class A Common Stock in connection with the transfer.
  7. On August 11, 2020, the Reporting Person was granted 74,158 RSUs vesting quarterly over 4 years from April 23, 2020, with any RSUs scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining RSUs occurring on October 23, 2020 and each quarter thereafter.