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Filing Details

Accession Number:: 0001104659-23-111166
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-10-24 20:01:31
Reporting Period:: 2023-10-20

Accepted Time:: 2023-10-24 20:01:31
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2023-10-20	200,000	$3.82	4,011,351	No	4	M	Direct
Class A Common Stock	Disposition	2023-10-20	193,254	$27.10	3,818,097	No	4	S	Direct
Class A Common Stock	Disposition	2023-10-20	6,746	$27.53	3,811,351	No	4	S	Direct
Class A Common Stock	Acquisiton	2023-10-23	11,588	$0.00	3,822,939	No	4	M	Direct
Class A Common Stock	Disposition	2023-10-23	5,603	$28.15	3,817,336	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	F	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Stock Option	Disposition	2023-10-20	200,000	$0.00	200,000	$3.82
Class A Common Stock	Restricted Stock Units	Disposition	2023-10-23	11,588	$0.00	11,588	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
99,099		2027-05-03	No	4	M	Direct
23,174			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 IQ EQ Trust Company, U.S., 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

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Stock Option	$3.82		2027-05-03	275,611	275,611	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2027-05-03	275,611	275,611	Indirect

Footnotes

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.
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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.48 to $27.47, 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 3 and 4 to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.48 to $27.63, inclusive. See the last sentence of footnote 3 to this Form 4 above.
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 11,588 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.
These stock options were granted on May 3, 2017. As of the date hereof, all such remaining stock options have vested.
Reflects the transfer of 299,099 stock options previously reported as indirectly held by the Robins December 2021 Grantor Retained Annuity Trust.
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.