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Filing Details

Accession Number:: 0001104659-25-020530
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2025-03-04 21:49:44
Reporting Period:: 2025-03-01

Filing Date:: 2025-03-04
Accepted Time:: 2025-03-04 21:49:44
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	Explanation
Class A Common Stock	Acquisiton	2025-03-01	22,059	$0.00	4,143,732	No	4	M	Direct
Class A Common Stock	Disposition	2025-03-01	10,666	$43.86	4,133,066	No	4	F	Direct
Class A Common Stock	Acquisiton	2025-03-01	9,649	$0.00	4,142,715	No	4	M	Direct
Class A Common Stock	Disposition	2025-03-01	4,666	$43.86	4,138,049	No	4	F	Direct
Class A Common Stock	Acquisiton	2025-03-03	157,826	$3.82	4,295,875	No	4	M	Direct
Class A Common Stock	Acquisiton	2025-03-03	52,174	$3.29	4,348,049	No	4	M	Direct
Class A Common Stock	Disposition	2025-03-03	50,532	$41.84	4,297,517	No	4	S	Direct
Class A Common Stock	Disposition	2025-03-03	43,146	$43.10	4,254,371	No	4	S	Direct
Class A Common Stock	Disposition	2025-03-03	116,322	$44.05	4,138,049	No	4	S	Direct
Class A Common Stock	Acquisiton	2025-03-03	3,251	$0.00	4,141,300	No	4	M	Direct
Class A Common Stock	Disposition	2025-03-03	791	$47.29	4,140,509	No	4	F	Direct
Class A Common Stock	Acquisiton	2025-03-03	40	$0.00	196,319	No	4	M	Indirect	Held by Kalish Family 2020 Irrevocable Trusts
Class A Common Stock	Disposition	2025-03-03	10	$47.29	196,309	No	4	F	Indirect	Held by Kalish Family 2020 Irrevocable Trusts
Class A Common Stock	Acquisiton	2025-03-03	3,883	$0.00	3,883	No	4	M	Indirect	Held by Matthew P. Kalish 2020 Trust
Class A Common Stock	Disposition	2025-03-03	945	$47.29	2,938	No	4	F	Indirect	Held by Matthew P. Kalish 2020 Trust
Class A Common Stock	Acquisiton	2025-03-04	189,927	$3.29	4,330,436	No	4	M	Direct
Class A Common Stock	Acquisiton	2025-03-04	20,073	$3.29	4,350,509	No	4	M	Direct
Class A Common Stock	Disposition	2025-03-04	92,672	$39.77	4,257,837	No	4	S	Direct
Class A Common Stock	Disposition	2025-03-04	50,530	$40.91	4,207,307	No	4	S	Direct
Class A Common Stock	Disposition	2025-03-04	65,570	$41.53	4,141,737	No	4	S	Direct
Class A Common Stock	Disposition	2025-03-04	1,228	$42.28	4,140,509	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Indirect	Held by Kalish Family 2020 Irrevocable Trusts
No	4	F	Indirect	Held by Kalish Family 2020 Irrevocable Trusts
No	4	M	Indirect	Held by Matthew P. Kalish 2020 Trust
No	4	F	Indirect	Held by Matthew P. Kalish 2020 Trust
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	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	Restricted Stock Units	Disposition	2025-03-01	22,059	$0.00	22,059	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2025-03-01	9,649	$0.00	9,649	$0.00
Class A Common Stock	Stock Option	Disposition	2025-03-03	157,826	$0.00	157,826	$3.82
Class A Common Stock	Stock Option	Disposition	2025-03-03	52,174	$0.00	52,174	$3.29
Class A Common Stock	Warrant for Common Stock	Disposition	2025-03-03	3,251	$0.00	3,251	$11.50
Class A Common Stock	Warrant for Common Stock	Disposition	2025-03-03	40	$0.00	40	$11.50
Class A Common Stock	Warrant for Common Stock	Disposition	2025-03-03	3,883	$0.00	3,883	$11.50
Class A Common Stock	Stock Option	Disposition	2025-03-04	189,927	$0.00	189,927	$3.29
Class A Common Stock	Stock Option	Disposition	2025-03-04	20,073	$0.00	20,073	$3.29

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
176,470			No	4	M	Direct
115,794			No	4	M	Direct
0		2027-05-03	No	4	M	Direct
189,927		2028-04-18	No	4	M	Direct
0	2020-05-23	2025-04-23	No	4	M	Direct
0	2020-05-23	2025-04-23	No	4	M	Indirect
0	2020-05-23	2025-04-23	No	4	M	Indirect
0		2028-04-18	No	4	M	Direct
1,113,488		2028-05-03	No	4	M	Direct

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 22,059 shares of Class A Common Stock underlying the RSUs listed in Table II, and 10,666 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.
No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 9,649 shares of Class A Common Stock underlying the RSUs listed in Table II, and 4,666 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 and paid the aggregate exercise price and the tax withholdings in cash.
The reported sales were made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on November 27, 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 $41.53 to $42.46, 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 Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 5, 6, 7, 11, 12, 13 and 14 to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $42.63 to $43.61, inclusive. See the last sentence of footnote 5 to this Form 4 above.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $43.63 to $44.48, inclusive. See the last sentence of footnote 5 to this Form 4 above.
The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exchange of warrants for common stock for $11.50 per share on a cashless basis in a private transaction entered into between the Reporting Person and the Issuer. The Reporting Person received the net of 3,251 shares of Class A Common Stock underlying the warrants for common stock listed in Table II, and 791 shares of Class A Common Stock withheld by the issuer in consideration of the exercise of the warrants for common stock. Each warrant to purchase Class A Common Stock is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share.
The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exchange of warrants for common stock for $11.50 per share on a cashless basis in a private transaction entered into between the Reporting Person and the Issuer. The Reporting Person received the net of 40 shares of Class A Common Stock underlying the warrants for common stock listed in Table II, and 10 shares of Class A Common Stock withheld by the issuer in consideration of the exercise of the warrants for common stock. Each warrant to purchase Class A Common Stock is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share.
The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exchange of warrants for common stock for $11.50 per share on a cashless basis in a private transaction entered into between the Reporting Person and the Issuer. The Reporting Person received the net of 3,883 shares of Class A Common Stock underlying the warrants for common stock listed in Table II, and 945 shares of Class A Common Stock withheld by the issuer in consideration of the exercise of the warrants for common stock. Each warrant to purchase Class A Common Stock is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $39.27 to $40.26, inclusive. See the last sentence of footnote 5 to this Form 4 above.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $40.27 to $41.26, inclusive. See the last sentence of footnote 5 to this Form 4 above.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $41.27 to $42.15, inclusive. See the last sentence of footnote 5 to this Form 4 above.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $42.28 to $42.37, inclusive. See the last sentence of footnote 5 to this Form 4 above.
On February 13, 2023, the Reporting Person was granted 352,941 RSUs vesting quarterly over four (4) years from March 1, 2023.
On February 12, 2024, the Reporting Person was granted 154,392 RSUs vesting quarterly over four (4) years from March 1, 2024.
These stock options were granted on May 3, 2017. As of the date hereof, all of such remaining stock options have vested.
These stock options were granted on April 18, 2018. As of the date hereof, all of such remaining stock options have vested.
These stock options were granted on May 3, 2018. As of the date hereof, all of such remaining stock options have vested.