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Filing Details

Accession Number:: 0001104659-23-117434
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-11-13 20:03:45
Reporting Period:: 2023-11-08

Accepted Time:: 2023-11-13 20:03:45
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

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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	2023-11-08	214,562	$4.70	4,031,898	No	4	M	Direct
Class A Common Stock	Disposition	2023-11-08	500,000	$35.83	3,531,898	No	4	S	Direct
Class A Common Stock	Acquisiton	2023-11-09	38,216	$0.00	3,570,114	No	4	M	Direct
Class A Common Stock	Disposition	2023-11-09	18,478	$34.81	3,551,636	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

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	2023-11-08	214,562	$0.00	214,562	$4.70
Class A Common Stock	Restricted Stock Units	Disposition	2023-11-09	38,216	$0.00	38,216	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,096,850		2029-06-04	No	4	M	Direct
343,951			No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	0	Indirect	Held by the IQ EQ Trust Company, U.S., LLC TR UA (04/21/2020) Jason Robins 2020 Trust
Class A Common Stock	83,000	Indirect	Held by the Robins Family GST Trust 2021

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 and the tax withholdings in cash.
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 38,216 shares of Class A Common Stock underlying the RSUs listed in Table II, and 18,478 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 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 $35.44 to $36.34, 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 this footnote 3 to this Form 4.
As of October 31, 2023, Philip Robins no longer serves as Investment Advisor of the Jason Robins 2020 Trust (the "Trust") and IQ EQ Trust Company, U.S., LLC (the "Successor Investment Advisor") was appointed successor Investment Advisor of the Trust (the "Change in Investment Advisor"). Because Successor Investment Advisor now serves as Investment Advisor of the Trust, Jason Robins is no longer a reporting person for the shares held by the Trust. No consideration was paid in connection with the Change in Investment Advisor and, accordingly, the Trust continues to beneficially own the shares following the Change in Investment Advisor.
These stock options were granted on June 4, 2019. As of the date hereof, all of such remaining stock options have vested.
On February 9, 2022, the Reporting Person was granted 611,468 RSUs vesting quarterly over four (4) years.