Filing Details

Accession Number:
0001104659-23-083965
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-07-25 20:02:35
Reporting Period:
2023-07-21
Accepted Time:
2023-07-25 20:02:35
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2023-07-21 100,000 $30.99 4,663,239 No 4 S Direct
Class A Common Stock Disposition 2023-07-21 100,000 $30.99 4,563,239 No 4 S Direct
Class A Common Stock Disposition 2023-07-21 50,000 $30.99 4,513,239 No 4 S Direct
Class A Common Stock Disposition 2023-07-21 200,000 $30.99 4,313,239 No 4 S Direct
Class A Common Stock Acquisiton 2023-07-23 11,587 $0.00 4,324,826 No 4 M Direct
Class A Common Stock Disposition 2023-07-23 5,603 $31.08 4,319,223 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
No 4 S 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 2023-07-23 11,587 $0.00 11,587 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
34,762 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 586,696 Indirect Held by the Concord Trust Company LLC TR UA (04/21/2020) Jason Robins 2020 Trust
Class A Common Stock 83,000 Indirect Held by the Robins Family GST Trust 2021
Footnotes
  1. The reported sale was 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.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.75 to $31.25, 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 2, 3, 4 and 5 to this Form 4.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.76 to $31.29, inclusive. See the last sentence of footnote 2 to this Form 4 above.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.77 to $31.23, inclusive. See the last sentence of footnote 2 to this Form 4 above.
  5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.74 to $31.25, inclusive. See the last sentence of footnote 2 to this Form 4 above.
  6. No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 11,587 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 5,603 shares of Class A Common Stock withheld by the Issuer. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
  7. On August 11, 2020, the Reporting Person was granted 185,396 restricted stock units, vesting quarterly over 4 years from April 23, 2020, with the vesting of any restricted stock units scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining restricted stock units occurring on October 23, 2020 and each quarter thereafter.