Filing Details

Accession Number:
0001104659-23-024417
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-02-22 20:47:36
Reporting Period:
2023-02-17
Accepted Time:
2023-02-22 20:47:36
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
1824092 Erik Bradbury C/O Draftkings Inc.
222 Berkeley Street, 5Th Floor
Boston MA 02116
Chief Accounting Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2023-02-17 35,990 $0.00 42,570 No 4 A Direct
Class A Common Stock Disposition 2023-02-17 16,849 $20.69 25,721 No 4 S Direct
Class A Common Stock Acquisiton 2023-02-17 4,620 $0.00 30,341 No 4 A Direct
Class A Common Stock Disposition 2023-02-17 2,126 $20.69 28,215 No 4 S Direct
Class A Common Stock Acquisiton 2023-02-17 381 $0.00 28,596 No 4 A Direct
Class A Common Stock Disposition 2023-02-17 199 $20.54 28,397 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 S Direct
No 4 A Direct
No 4 S Direct
No 4 A Direct
No 4 F Direct
Footnotes
  1. Represents the vesting of the restricted stock units ("RSUs") granted pursuant to the Issuer's 2020 Incentive Award Plan (the "Plan"), which vested upon the achievement of certain performance goals. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
  2. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.02 to $22.02, inclusive. The Reporting Person undertakes to provide to the Issuer, 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 price range set forth in this footnote.
  3. Represents the vesting of the performance-based restricted stock units ("PSUs") granted pursuant to the Plan, which vested upon the achievement of certain performance criteria. Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
  4. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.02 to $22.02, inclusive. The Reporting Person undertakes to provide to the Issuer, 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 price range set forth in this footnote.
  5. No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs, which vested upon the achievement of certain performance goals, other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 381 shares of Class A Common Stock underlying the RSUs that vested, and 199 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.