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DraftKings Inc. — Director's Dealing 2024
Apr 25, 2024
30277_dirs_2024-04-24_aa44e397-2aed-4ad0-ab12-b8c53fc3ec7a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: DraftKings Inc. (DKNG)
CIK: 0001883685
Period of Report: 2024-04-23
Reporting Person: Dodge R Stanton (Chief Legal Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-04-23 | Class A Common Stock | M | 3565 | — | Acquired | 232309 | Direct |
| 2024-04-23 | Class A Common Stock | F | 1560 | $41.21 | Disposed | 230749 | Direct |
| 2024-04-23 | Class A Common Stock | M | 1960 | — | Acquired | 232709 | Direct |
| 2024-04-23 | Class A Common Stock | F | 858 | $41.21 | Disposed | 231851 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-04-23 | Restricted Stock Units | $ | M | 3565 | Disposed | Class A Common Stock (3565) | Direct | |
| 2024-04-23 | Restricted Stock Units | $ | M | 1960 | Disposed | Class A Common Stock (1960) | Direct |
Footnotes
F1: 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 3,565 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,560 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.
F2: No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 1,960 shares of Class A Common Stock underlying the RSUs listed in Table II, and 858 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.
F3: On August 11, 2020, the Reporting Person was granted 57,045 RSUs, vesting quarterly over 4 years from April 23, 2020, with any RSUs scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining RSUs occurring on October 23, 2020 and each quarter thereafter.
F4: On April 28, 2023, the Reporting Person was granted 9,412 RSUs vesting in equal monthly installments over one (1) year from April 23, 2023. Further, on April 28, 2023, the vesting terms of an additional 14,119 RSUs previously granted to the Reporting Person on February 13, 2023 were amended to provide that such RSUs will vest on the same schedule.