Home > Insider Trading > Filing (0001104659-23-063758)

Filing Details

Accession Number:: 0001104659-23-063758
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-05-23 20:02:09
Reporting Period:: 2023-05-19

Accepted Time:: 2023-05-23 20:02:09
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

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2023-05-19	21,302	$23.99	516,524	No	4	M	Direct
Class A Common Stock	Disposition	2023-05-19	1,340	$24.00	515,184	No	4	S	Direct
Class A Common Stock	Disposition	2023-05-19	100,000	$23.99	415,184	No	4	S	Direct
Class A Common Stock	Acquisiton	2023-05-22	2,658	$0.00	417,842	No	4	M	Direct
Class A Common Stock	Disposition	2023-05-22	1,188	$25.22	416,654	No	4	F	Direct
Class A Common Stock	Disposition	2023-05-22	200,000	$25.00	216,654	No	4	S	Direct
Class A Common Stock	Disposition	2023-05-22	70,826	$26.00	0	No	4	S	Indirect	Held by Park Family 2022 Grantor Retained Annuity Trust IV

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct
No	4	S	Indirect	Held by Park Family 2022 Grantor Retained Annuity Trust IV

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Stock Option	Disposition	2023-05-19	21,302	$0.00	21,302	$4.70
Class A Common Stock	Restricted Stock Units	Disposition	2023-05-22	2,658	$0.00	2,658	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2029-06-04	No	4	M	Direct
26,587			No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	42,689	Indirect	Held by Park Family 2022 Grantor Retained Annuity Trust III
Class A Common Stock	100,000	Indirect	Held by Park Family 2021 Grantor Retained Annuity Trust V

Footnotes

The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options in an exercise-and-hold transaction, and paid the aggregate exercise price in cash.
Reflects the transfer of 29,174 shares of Common Stock previously reported as indirectly held by the Park Family 2021 Grantor Retained Annuity Trust to the Reporting Person. There was no purchase or sale of shares of Common Stock in connection with the transfer.
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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.79 to $24.33, 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 4 and 5 to this Form 4.
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 $24.40, inclusive. See the last sentence of footnote 4 to this Form 4 above.
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 2,658 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,188 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 reported sales were made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on March 9, 2022 (as amended) pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
These stock options were granted on June 4, 2019. As of the date hereof, these stock options are vested and exercised.
On February 22, 2021, the Reporting Person was granted 42,539 RSUs vesting quarterly over 4 years.