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Filing Details

Accession Number:: 0001104659-23-121042
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-11-24 20:01:20
Reporting Period:: 2023-11-21

Accepted Time:: 2023-11-24 20:01:20
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	Disposition	2023-11-21	12,947	$0.00	3,538,689	No	4	G	Direct
Class A Common Stock	Disposition	2023-11-21	51,557	$0.00	3,487,132	No	4	G	Direct
Class A Common Stock	Disposition	2023-11-21	10,373	$0.00	3,476,759	No	4	G	Direct
Class A Common Stock	Acquisiton	2023-11-21	200,000	$4.70	3,676,759	No	4	M	Direct
Class A Common Stock	Disposition	2023-11-21	200,000	$38.27	3,476,759	No	4	S	Direct
Class A Common Stock	Acquisiton	2023-11-22	5,849	$0.00	3,482,608	No	4	M	Direct
Class A Common Stock	Disposition	2023-11-22	2,828	$38.68	3,479,780	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	G	Direct
No	4	G	Direct
No	4	G	Direct
No	4	M	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	2023-11-21	492,211	$0.00	492,211	$0.63
Class A Common Stock	Stock Option	Disposition	2023-11-21	327,461	$0.00	327,461	$0.63
Class A Common Stock	Stock Option	Disposition	2023-11-21	200,000	$0.00	200,000	$4.70
Class A Common Stock	Restricted Stock Units	Disposition	2023-11-22	5,849	$0.00	5,849	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2026-03-24	No	4	G	Indirect
0	2025-02-18	No	4	G	Indirect
896,850	2029-06-04	No	4	M	Direct
29,246		No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
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	$0.63		2026-03-24	400,053	400,053	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2026-03-24	400,053	400,053	Direct

Footnotes

Represents a bona fide gift of the Issuer's Class A Common Stock to a non-profit organization. There was no purchase or sale of shares of Class A Common Stock in connection with the transfer.
The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options and paid the aggregate exercise price and the tax withholdings in cash.
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 5,849 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,828 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.
The reported sales were 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 $37.93 to $38.88, 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 5 to this Form 4.
These stock options were granted on March 24, 2016. As of the date hereof, all of such remaining stock options have vested.
Represents a bona fide gift of 492,211 stock options previously reported as indirectly held by the Robins Grantor Retained Annuity Trust of 2020 to the Robins Family 2020 Irrevocable Trust. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.
Reflects the transfer of 400,053 stock options previously reported as indirectly held by the Robins Grantor Retained Annuity Trust of 2020 to the Reporting Person.
These stock options were granted on February 10, 2016. As of the date hereof, all of such remaining stock options have vested. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.
Represents a bona fide gift of 327,461 stock options previously reported as indirectly held by the Robins Grantor Retained Annuity Trust of 2020 to the Robins Family 2020 Irrevocable Trust.
These stock options were granted on June 4, 2019. As of the date hereof, all of such remaining stock options have vested.
On February 22, 2021, the Reporting Person was granted 93,586 RSUs vesting quarterly over 4 years.