Filing Details

Accession Number:
0001104659-23-083966
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-07-25 20:02:56
Reporting Period:
2023-07-21
Accepted Time:
2023-07-25 20:02:56
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 2023-07-21 52,777 $2.95 681,800 No 4 M Direct
Class A Common Stock Disposition 2023-07-21 52,777 $30.99 629,023 No 4 S Direct
Class A Common Stock Acquisiton 2023-07-23 3,565 $0.00 632,588 No 4 M Direct
Class A Common Stock Disposition 2023-07-23 1,560 $31.08 631,028 No 4 F Direct
Class A Common Stock Acquisiton 2023-07-23 1,961 $0.00 632,989 No 4 M Direct
Class A Common Stock Disposition 2023-07-23 858 $31.08 632,131 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 F 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 Stock Option Disposition 2023-07-21 52,777 $0.00 52,777 $2.95
Class A Common Stock Restricted Stock Units Disposition 2023-07-23 3,565 $0.00 3,565 $0.00
Class A Common Stock Restricted Stock Units Disposition 2023-07-23 1,961 $0.00 1,961 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
684,246 2027-11-07 No 4 M Direct
10,696 No 4 M Direct
17,648 No 4 M Direct
Footnotes
  1. The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options in an exercise-and-hold transaction, and paid the aggregate exercise price in cash.
  2. The reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on February 26, 2023 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 $30.75 to $31.23, 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 footnote 2 to this Form 4.
  4. 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 3,565 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,560 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.
  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 1,961 shares of Class A Common Stock underlying the RSUs listed in Table II, and 858 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. These stock options were granted on November 7, 2017. As of the date hereof, all such remaining stock options have vested.
  7. On August 11, 2020, the Reporting Person was granted 57,045 RSUs, vesting quarterly over 4 years from April 23, 2020, with any RSUs scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining RSUs occurring on October 23, 2020 and each quarter thereafter.
  8. On April 28, 2023, the Reporting Person was granted 9,412 RSUs vesting in equal monthly installments over one (1) year from April 23, 2023. Further, on April 28, 2023, the vesting terms of an additional 14,119 RSUs previously granted to the Reporting Person on February 13, 2023 were amended to provide that such RSUs will vest on the same schedule.