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Filing Details

Accession Number:: 0001104659-23-089947
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-08-10 20:02:30
Reporting Period:: 2023-08-08

Accepted Time:: 2023-08-10 20:02:30
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
1810190	Matthew Kalish	C/O Draftkings Inc. 222 Berkeley Street, 5Th Floor Boston MA 02116	See Remarks	Yes	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	2023-08-08	269,420	$3.29	3,057,620	No	4	M	Direct
Class A Common Stock	Disposition	2023-08-08	225,496	$31.97	2,832,124	No	4	S	Direct
Class A Common Stock	Disposition	2023-08-08	43,924	$32.79	2,788,200	No	4	S	Direct
Class A Common Stock	Acquisiton	2023-08-09	28,309	$0.00	2,816,509	No	4	M	Direct
Class A Common Stock	Disposition	2023-08-09	13,688	$28.26	2,802,821	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	S	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	2023-08-08	269,420	$0.00	269,420	$3.29
Class A Common Stock	Restricted Stock Units	Disposition	2023-08-09	28,309	$0.00	28,309	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,242,423		2028-05-03	No	4	M	Direct
283,087			No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	257,722	Indirect	Held by Matthew P. Kalish 2020 Trust
Class A Common Stock	196,279	Indirect	Held by Kalish Family 2020 Irrevocable Trusts

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 28,309 shares of Class A Common Stock underlying the RSUs listed in Table II, and 13,688 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 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 23, 2023 (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 $31.58 to $32.57, 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 $32.58 to $33.19, inclusive. See the last sentence of footnote 4 to this Form 4 above.
These stock options were granted on May 3, 2018. As of the date hereof, all such remaining stock options have vested.
On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years.