Filing Details

Accession Number:
0001104659-23-122133
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-11-29 20:01:24
Reporting Period:
2023-11-27
Accepted Time:
2023-11-29 20:01:24
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 2023-11-27 283,334 $0.00 389,924 No 4 A Direct
Class A Common Stock Disposition 2023-11-28 134,827 $37.65 255,097 No 4 S Direct
Class A Common Stock Disposition 2023-11-28 6,052 $38.47 249,045 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 S Direct
No 4 S 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. Represents the vesting of the restricted stock units ("RSUs") granted pursuant to the Issuer's 2020 Incentive Award Plan (the "Plan"), which vested upon the achievement of certain performance goals. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
  2. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. The "sell to cover" transactions were effected pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on September 14, 2021 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 $37.17 to $38.10, 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 ranges set forth in footnotes 2 and 3 to this Form 4.
  3. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. The "sell to cover" transactions were effected pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on September 14, 2021 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 $38.17 to $38.57, inclusive. See the last sentence of footnote 2 to this Form 4 above.