Filing Details

Accession Number:
0001104659-23-025476
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-02-24 20:01:20
Reporting Period:
2023-02-22
Accepted Time:
2023-02-24 20:01:20
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
1404430 Stanton R Dodge C/O Draftkings Inc.
222 Berkeley Street, 5Th Floor
Boston MA 02116
Chief Legal 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 2023-02-22 283,333 $0.00 657,935 No 4 A Direct
Class A Common Stock Acquisiton 2023-02-22 117,408 $0.00 775,343 No 4 A Direct
Class A Common Stock Acquisiton 2023-02-22 2,446 $0.00 777,789 No 4 M Direct
Class A Common Stock Disposition 2023-02-22 704 $19.53 777,085 No 4 F Direct
Class A Common Stock Disposition 2023-02-23 177,011 $18.84 600,074 No 4 S Direct
Class A Common Stock Acquisiton 2023-02-23 1,503 $0.00 601,577 No 4 M Direct
Class A Common Stock Disposition 2023-02-23 658 $19.04 600,919 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 A Direct
No 4 M Direct
No 4 F Direct
No 4 S Direct
No 4 M Direct
No 4 F Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Restricted Stock Units Disposition 2023-02-22 2,446 $0.00 2,446 $0.00
Class A Common Stock Restricted Stock Units Disposition 2023-02-23 1,503 $0.00 1,503 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
19,568 No 4 M Direct
3,008 No 4 M 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 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.
  3. 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 2,446 shares of Class A Common Stock underlying the RSUs listed in the first row of Table II, and 704 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.
  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 $18.59 to $19.59, 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.
  5. 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 1,503 shares of Class A Common Stock underlying the RSUs listed in the second row of Table II, and 658 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.
  6. On February 22, 2021, the Reporting Person was granted 39,136 RSUs vesting quarterly over 4 years.
  7. On February 9, 2022, the Reporting Person was granted 18,118 RSUs vesting in twelve (12) equal monthly installments from April 23, 2022.