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Filing Details

Accession Number:: 0001104659-23-083966
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-07-25 20:02:56
Reporting Period:: 2023-07-21

Accepted Time:: 2023-07-25 20:02:56
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
1404430	Stanton R Dodge	C/O Draftkings Inc. 222 Berkeley Street, 5Th Floor Boston MA 02116	Chief Legal Officer	No	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	2023-07-21	52,777	$2.95	681,800	No	4	M	Direct
Class A Common Stock	Disposition	2023-07-21	52,777	$30.99	629,023	No	4	S	Direct
Class A Common Stock	Acquisiton	2023-07-23	3,565	$0.00	632,588	No	4	M	Direct
Class A Common Stock	Disposition	2023-07-23	1,560	$31.08	631,028	No	4	F	Direct
Class A Common Stock	Acquisiton	2023-07-23	1,961	$0.00	632,989	No	4	M	Direct
Class A Common Stock	Disposition	2023-07-23	858	$31.08	632,131	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	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	Stock Option	Disposition	2023-07-21	52,777	$0.00	52,777	$2.95
Class A Common Stock	Restricted Stock Units	Disposition	2023-07-23	3,565	$0.00	3,565	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2023-07-23	1,961	$0.00	1,961	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
684,246	2027-11-07	No	4	M	Direct
10,696		No	4	M	Direct
17,648		No	4	M	Direct

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.
The reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on February 26, 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 $30.75 to $31.23, 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 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 3,565 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,560 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.
No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 1,961 shares of Class A Common Stock underlying the RSUs listed in Table II, and 858 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.
These stock options were granted on November 7, 2017. As of the date hereof, all such remaining stock options have vested.
On August 11, 2020, the Reporting Person was granted 57,045 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.
On April 28, 2023, the Reporting Person was granted 9,412 RSUs vesting in equal monthly installments over one (1) year from April 23, 2023. Further, on April 28, 2023, the vesting terms of an additional 14,119 RSUs previously granted to the Reporting Person on February 13, 2023 were amended to provide that such RSUs will vest on the same schedule.