Filing Details
- Accession Number:
- 0001104659-23-063757
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-05-23 20:01:10
- Reporting Period:
- 2023-05-19
- Accepted Time:
- 2023-05-23 20:01:10
- 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 |
|---|---|---|---|---|---|---|---|
| 1810231 | Jason Robins | 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 | Disposition | 2023-05-19 | 200,000 | $23.99 | 5,456,029 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2023-05-22 | 5,849 | $0.00 | 5,461,878 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2023-05-22 | 2,613 | $25.22 | 5,459,265 | No | 4 | F | Direct | |
| Class A Common Stock | Disposition | 2023-05-22 | 150,000 | $25.01 | 5,309,265 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| 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 | Disposition | 2023-05-22 | 5,849 | $0.00 | 5,849 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 40,944 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Class A Common Stock | 83,000 | Indirect | Held by the Robins Family GST Trust 2021 |
Footnotes
- The reported sales were made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on February 23, 2023 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.74 to $24.42, 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 2 and 4 to this Form 4.
- 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 5,849 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,613 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.00 to $25.09, inclusive. See the last sentence to footnote 2 above.
- On February 22, 2021, the Reporting Person was granted 93,586 RSUs vesting quarterly over 4 years.
Billionaire Hedge Funds
