Filing Details
- Accession Number:
- 0001104659-23-122934
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-12-01 20:01:19
- Reporting Period:
- 2023-12-01
- Accepted Time:
- 2023-12-01 20:01:19
- 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 | 2023-12-01 | 11,030 | $0.00 | 834,179 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2023-12-01 | 4,826 | $39.00 | 829,353 | No | 4 | F | Direct | |
| Class A Common Stock | Acquisiton | 2023-12-01 | 52,777 | $2.95 | 882,130 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2023-12-01 | 52,777 | $38.84 | 829,353 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Restricted Stock Units | Disposition | 2023-12-01 | 11,030 | $0.00 | 11,030 | $0.00 |
| Class A Common Stock | Stock Option | Disposition | 2023-12-01 | 52,777 | $0.00 | 52,777 | $2.95 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 143,380 | No | 4 | M | Direct | ||
| 420,361 | 2027-11-07 | No | 4 | M | Direct |
Footnotes
- 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 11,030 shares of Class A Common Stock underlying the RSUs listed in Table II, and 4,826 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 Reporting Person acquired shares of Class A Common Stock of the Issuer upon the exercise of stock options and payment of 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 26, 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 $37.99 to $38.98, 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 4 to this Form 4.
- On February 13, 2023, the Reporting Person was granted 190,588 RSUs vesting quarterly over four (4) years. On April 28, 2023, the vesting terms of 14,119 of such RSUs were amended to provide for vesting in equal monthly installments over one (1) year from April 23, 2023. Accordingly, such 14,119 RSUs are no longer included in the Reporting Person's holdings with respect to the February 13, 2023 grant of 190,588 RSUs.
- These stock options were granted on November 7, 2017. As of the date hereof, all such remaining stock options have vested.
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