Form 4 for DKNG DraftKings Inc.
Accepted 2023-02-24 00:00:00 ET · period of report 2023-02-22 · accession 0001104659-23-025476 · 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 | 2023-02-24 | 2023-02-22+ | DKNG | Dodge R Stanton | CLO | M - OptEx | — | +3,949 | 601.6K | +0.7% | — |
| DM | 2023-02-24 | 2023-02-22+ | DKNG | Dodge R Stanton | CLO | F - Tax | $19.29 | -1,362 | 777.1K | -0.2% | -$26.3K |
| D | 2023-02-24 | 2023-02-23 | DKNG | Dodge R Stanton | CLO | S - Sale+OE | $18.84 | -177.0K | 600.1K | -23% | -$3.33M |
| DM | 2023-02-24 | 2023-02-22 | DKNG | Dodge R Stanton | CLO | A - Grant | $0.00 | +400.7K | 775.3K | +107% | $0 |
| DM | 2023-02-24 | 2023-02-22+ | DKNG | Dodge R Stanton | CLO | M - OptEx | $0.00 | -3,949 | 3,008 | -57% | $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 | 2023-02-22 | M | A | 2,446 | — | 777,789 | D | — | — | (F3) 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 2,446 shares of Class A Common Stock underlying the RSUs listed in the first row of Table II, and 704 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. |
| 2 | Common | Class A Common Stock | 2023-02-23 | F | D | 658 | $19.04 | 600,919 | D | — | — | |
| 3 | Common | Class A Common Stock | 2023-02-23 | M | A | 1,503 | — | 601,577 | D | — | — | (F5) 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 1,503 shares of Class A Common Stock underlying the RSUs listed in the second row of Table II, and 658 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. |
| 4 | Common | Class A Common Stock | 2023-02-23 | S | D | 177,011 | $18.84 | 600,074 | D | — | — | (F4) 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 and PSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.59 to $19.59, 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. |
| 5 | Common | Class A Common Stock | 2023-02-22 | A | A | 283,333 | $0.00 | 657,935 | D | — | — | (F1) 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. |
| 6 | Common | Class A Common Stock | 2023-02-22 | A | A | 117,408 | $0.00 | 775,343 | D | — | — | (F2) Represents the vesting of the performance-based restricted stock units ("PSUs") granted pursuant to the Plan, which vested upon the achievement of certain performance criteria. Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. |
| 7 | Common | Class A Common Stock | 2023-02-22 | F | D | 704 | $19.53 | 777,085 | D | — | — | |
| 8 | Derivative | Restricted Stock Units | 2023-02-22 | M | D | 2,446 | $0.00 | 19,568 | D | — · — to — | 2,446 Class A Common Stock | (F3) 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 2,446 shares of Class A Common Stock underlying the RSUs listed in the first row of Table II, and 704 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. (F6) On February 22, 2021, the Reporting Person was granted 39,136 RSUs vesting quarterly over 4 years. |
| 9 | Derivative | Restricted Stock Units | 2023-02-23 | M | D | 1,503 | $0.00 | 3,008 | D | — · — to — | 1,503 Class A Common Stock | (F5) 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 1,503 shares of Class A Common Stock underlying the RSUs listed in the second row of Table II, and 658 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. (F7) On February 9, 2022, the Reporting Person was granted 18,118 RSUs vesting in twelve (12) equal monthly installments from April 23, 2022. |