Filing Details

Accession Number:
0001104659-23-058631
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-05-10 20:02:02
Reporting Period:
2023-05-08
Accepted Time:
2023-05-10 20:02:02
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2023-05-08 369,420 $24.32 2,754,910 No 4 S Direct
Class A Common Stock Acquisiton 2023-05-09 28,309 $0.00 2,783,219 No 4 M Direct
Class A Common Stock Disposition 2023-05-09 12,576 $24.38 2,770,643 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 2023-05-09 28,309 $0.00 28,309 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
311,396 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 257,722 Indirect Held by Matthew P. Kalish 2020 Trust
Class A Common Stock 196,279 Indirect Held by Kalish Family 2020 Irrevocable Trusts
Footnotes
  1. 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 28,309 shares of Class A Common Stock underlying the RSUs listed in Table II, and 12,576 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.
  2. The reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on February 23, 2023 (as amended) pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.20 to $24.92, 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.
  4. On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years.