Form 4 for DKNG DraftKings Inc.
Accepted 2022-05-13 00:00:00 ET · period of report 2022-05-12 · accession 0001104659-22-060607 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-05-13 | 2022-05-12 | DKNG | Robins Jason | See Remarks, Dir | M - OptEx | $3.83 | +221.8K | 4.40M | +5% | +$849.0K |
| D | 2022-05-13 | 2022-05-12 | DKNG | Robins Jason | See Remarks, Dir | F - Tax | $11.37 | -17.0K | 4.28M | -0.4% | -$193.2K |
| DM | 2022-05-13 | 2022-05-12 | DKNG | Robins Jason | See Remarks, Dir | M - OptEx | $0.00 | -221.8K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-05-12 | M | A | 69,989 | $4.70 | 4,465,059 | D | — | — | (F3) The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of options and paid the aggregate exercise price and the tax withholdings in cash. |
| 2 | Common | Class A Common Stock | 2022-05-12 | M | A | 38,217 | — | 4,298,466 | D | — | — | (F1) No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 38,217 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 16,994 shares of Class A Common Stock withheld by the Issuer. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. |
| 3 | Common | Class A Common Stock | 2022-05-12 | F | D | 16,994 | $11.37 | 4,281,472 | D | — | — | |
| 4 | Common | Class A Common Stock | 2022-05-12 | M | A | 113,598 | $3.29 | 4,395,070 | D | — | — | (F3) The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of options and paid the aggregate exercise price and the tax withholdings in cash. |
| 5 | Derivative | Restricted Stock Units | 2022-05-12 | M | D | 38,217 | $0.00 | 573,251 | D | — · — to — | 38,217 Class A Common Stock | (F1) No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 38,217 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 16,994 shares of Class A Common Stock withheld by the Issuer. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. (F2) On February 9, 2022, the Reporting Person was granted 611,468 RSUs vesting quarterly over four (4) years. |
| 6 | Derivative | Stock Option | 2022-05-12 | M | D | 69,989 | $0.00 | 350,004 | D | $4.70 · — to 2029-06-04 | 69,989 Class A Common Stock | (F3) The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of options and paid the aggregate exercise price and the tax withholdings in cash. (F4) These Stock Options were granted on June 4, 2019. As of the date hereof, zero (0) of such Stock Options have vested. The remaining Stock Options will vest in five (5) equal quarterly installments beginning on June 1, 2022. |
| 7 | Derivative | Stock Option | 2022-05-12 | M | D | 113,598 | $0.00 | 0 | D | $3.29 · — to 2028-04-18 | 113,598 Class A Common Stock | (F3) The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of options and paid the aggregate exercise price and the tax withholdings in cash. (F5) The options are vested and currently exercisable. |