Home > Insider Trading > Filing (0001104659-24-092517)

Filing Details

Accession Number:: 0001104659-24-092517
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-08-23 20:03:08
Reporting Period:: 2024-08-21

Accepted Time:: 2024-08-23 20:03:08
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

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2024-08-21	200,000	$0.63	2,878,082	No	4	M	Direct
Class A Common Stock	Disposition	2024-08-21	183,461	$35.20	2,694,621	No	4	S	Direct
Class A Common Stock	Disposition	2024-08-21	16,539	$35.84	2,678,082	No	4	S	Direct
Class A Common Stock	Acquisiton	2024-08-22	5,849	$0.00	2,683,931	No	4	M	Direct
Class A Common Stock	Disposition	2024-08-22	2,828	$35.25	2,681,103	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

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Stock Option	Disposition	2024-08-21	200,000	$0.00	200,000	$0.63
Class A Common Stock	Restricted Stock Units	Disposition	2024-08-22	5,849	$0.00	5,849	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
200,053		2026-03-24	No	4	M	Direct
11,698			No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	90	Indirect	Held by Jason Robins Revocable Trust u/d/t January 8, 2014
Class A Common Stock	3,151	Indirect	Held by Robins Family Trust LLC

Footnotes

The Reporting Person acquired shares of Class A Common Stock of the Issuer upon the exercise of stock options 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 5,849 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,828 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 $34.73 to $35.72, 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 $35.73 to $35.94, inclusive. See the last sentence of footnote 4 to this Form 4 above.
These stock options were granted on March 24, 2016. As of the date hereof, all of such remaining stock options have vested.
On February 22, 2021, the Reporting Person was granted 93,586 RSUs vesting quarterly over 4 years.