Filing Details

Accession Number:
0001104659-23-121045
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-11-24 20:03:11
Reporting Period:
2023-11-21
Accepted Time:
2023-11-24 20:03:11
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
1810235 Jason Park C/O Draftkings Inc.
222 Berkeley Street, 5Th Floor
Boston MA 02116
Chief Financial 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 2023-11-21 404,173 $4.70 757,505 No 4 M Direct
Class A Common Stock Acquisiton 2023-11-21 97,712 $4.73 855,217 No 4 M Direct
Class A Common Stock Disposition 2023-11-21 750,000 $38.27 105,217 No 4 S Direct
Class A Common Stock Acquisiton 2023-11-22 2,659 $0.00 107,876 No 4 M Direct
Class A Common Stock Disposition 2023-11-22 1,286 $38.68 106,590 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M 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 2023-11-21 404,173 $0.00 404,173 $4.70
Class A Common Stock Stock Option Disposition 2023-11-21 97,712 $0.00 97,712 $4.73
Class A Common Stock Restricted Stock Units Disposition 2023-11-22 2,659 $0.00 2,659 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2029-06-04 No 4 M Direct
0 2029-06-04 No 4 M Direct
13,293 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 42,689 Indirect Held by Park Family 2022 Grantor Retained Annuity Trust III
Footnotes
  1. 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 in cash.
  2. The reported sales were made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on August 16, 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 $37.92 to $38.89, 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 3 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 2,659 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,286 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. These stock options were granted on June 4, 2019. As of the date hereof, these stock options are vested and exercised.
  6. These stock options were granted on August 15, 2019. As of the date hereof, these stock options are vested and exercised.
  7. On February 22, 2021, the Reporting Person was granted 42,539 RSUs vesting quarterly over 4 years.