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Filing Details

Accession Number:: 0001104659-23-121045
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-11-24 20:03:11
Reporting Period:: 2023-11-21

Accepted Time:: 2023-11-24 20:03:11
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

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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	2023-11-21	404,173	$4.70	757,505	No	4	M	Direct
Class A Common Stock	Acquisiton	2023-11-21	97,712	$4.73	855,217	No	4	M	Direct
Class A Common Stock	Disposition	2023-11-21	750,000	$38.27	105,217	No	4	S	Direct
Class A Common Stock	Acquisiton	2023-11-22	2,659	$0.00	107,876	No	4	M	Direct
Class A Common Stock	Disposition	2023-11-22	1,286	$38.68	106,590	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
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	2023-11-21	404,173	$0.00	404,173	$4.70
Class A Common Stock	Stock Option	Disposition	2023-11-21	97,712	$0.00	97,712	$4.73
Class A Common Stock	Restricted Stock Units	Disposition	2023-11-22	2,659	$0.00	2,659	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2029-06-04	No	4	M	Direct
0	2029-06-04	No	4	M	Direct
13,293		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

Footnotes

The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options and paid the aggregate exercise price in cash.
The reported sales were made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on August 16, 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 $37.92 to $38.89, 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.
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 2,659 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,286 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 June 4, 2019. As of the date hereof, these stock options are vested and exercised.
These stock options were granted on August 15, 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.