Filing Details

Accession Number:
0001104659-23-089946
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-08-10 20:01:41
Reporting Period:
2023-08-08
Accepted Time:
2023-08-10 20:01:41
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 2023-08-08 52,777 $2.95 684,908 No 4 M Direct
Class A Common Stock Disposition 2023-08-08 44,388 $31.97 640,520 No 4 S Direct
Class A Common Stock Disposition 2023-08-08 8,389 $32.81 632,131 No 4 S Direct
Class A Common Stock Acquisiton 2023-08-09 14,154 $0.00 646,285 No 4 M Direct
Class A Common Stock Disposition 2023-08-09 6,193 $28.26 640,092 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M 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 Stock Option Disposition 2023-08-08 52,777 $0.00 52,777 $2.95
Class A Common Stock Restricted Stock Units Disposition 2023-08-09 14,154 $0.00 14,154 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
631,469 2027-11-07 No 4 M Direct
141,544 No 4 M Direct
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 14,154 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,193 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 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.
  3. 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.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.59 to $32.57, 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 4 and 5 to this Form 4.
  5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.62 to $33.19, inclusive. See the last sentence of footnote 4 to this Form 4 above.
  6. These stock options were granted on November 7, 2017. As of the date hereof, all such remaining stock options have vested.
  7. On February 9, 2022, the Reporting Person was granted 226,470 RSUs vesting quarterly over four (4) years.