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Filing Details

Accession Number:: 0001104659-24-075824
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-06-27 20:01:13
Reporting Period:: 2024-06-25

Accepted Time:: 2024-06-27 20:01:13
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
1810204	Paul Liberman	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	Explanation
Class A Common Stock	Disposition	2024-06-25	300,937	$38.43	1,990,469	No	4	S	Indirect	Held by the Paul Liberman 2015 Revocable Trust
Class A Common Stock	Disposition	2024-06-25	299,298	$39.25	1,691,171	No	4	S	Indirect	Held by the Paul Liberman 2015 Revocable Trust
Class A Common Stock	Disposition	2024-06-25	44,771	$38.43	229,846	No	4	S	Indirect	Held by the Paul Liberman 2020 Trust
Class A Common Stock	Disposition	2024-06-25	23,884	$39.32	205,962	No	4	S	Indirect	Held by the Paul Liberman 2020 Trust
Class A Common Stock	Acquisiton	2024-06-26	88,441	$0.63	1,779,612	No	4	M	Indirect	Held by the Paul Liberman 2015 Revocable Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	Held by the Paul Liberman 2015 Revocable Trust
No	4	S	Indirect	Held by the Paul Liberman 2015 Revocable Trust
No	4	S	Indirect	Held by the Paul Liberman 2020 Trust
No	4	S	Indirect	Held by the Paul Liberman 2020 Trust
No	4	M	Indirect	Held by the Paul Liberman 2015 Revocable Trust

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	2024-06-26	88,441	$0.00	88,441	$0.63

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2025-02-18	No	4	M	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	779,522	Direct
Class A Common Stock	213,597	Indirect	Held by the Paul Liberman 2020 Irrevocable Trust
Class A Common Stock	200,000	Indirect	Held by the Rachel Nager Liberman Irrevocable Trust - 2022

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Stock Option	$0.63		2025-02-18	88,441	74,097	Direct
Class A Common Stock	Stock Option	$0.63		2025-02-18	88,441	88,441	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2025-02-18	88,441	74,097	Direct
2025-02-18	88,441	88,441	Indirect

Footnotes

The reported sales were made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on March 5, 2024 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 $37.98 to $38.97, 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 2, 3, 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 $38.98 to $39.80, inclusive. See the last sentence of footnote 2 to this Form 4 above.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.98 to $38.95, inclusive. See the last sentence of footnote 2 to this Form 4 above.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.99 to $39.80, inclusive. See the last sentence of footnote 2 to this Form 4 above.
The Reporting Person acquired shares of Class A Common Stock of the Issuer upon the exercise of stock options and payment of the aggregate exercise price in cash.
These stock options were granted on February 10, 2016. As of the date hereof, all such remaining stock options have vested.
88,441 stock options previously reported as held directly by the Reporting Person. There was no purchase or sale in connection with the transfer to the trust.