Form 4 for DKNG DraftKings Inc.
Accepted 2023-05-23 00:00:00 ET · period of report 2023-05-19 · accession 0001104659-23-063758 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-05-23 | 2023-05-22 | DKNG | Park Jason | CFO | S - Sale+OE | $26.00 | -70.8K | 0 | -100% | -$1.84M |
| DM | 2023-05-23 | 2023-05-19+ | DKNG | Park Jason | CFO | S - Sale+OE | $24.66 | -301.3K | 515.2K | -37% | -$7.43M |
| D | 2023-05-23 | 2023-05-22 | DKNG | Park Jason | CFO | F - Tax | $25.22 | -1,188 | 416.7K | -0.3% | -$30.0K |
| DM | 2023-05-23 | 2023-05-19+ | DKNG | Park Jason | CFO | M - OptEx | $23.99 | +24.0K | 516.5K | +5% | +$574.8K |
| DM | 2023-05-23 | 2023-05-19+ | DKNG | Park Jason | CFO | M - OptEx | $0.00 | -24.0K | 26.6K | -47% | $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 | 2023-05-22 | S | D | 70,826 | $26.00 | 0 | I | — | — | |
| 2 | Common | Class A Common Stock | 2023-05-22 | S | D | 200,000 | $25.00 | 216,654 | D | — | — | |
| 3 | Common | Class A Common Stock | 2023-05-22 | F | D | 1,188 | $25.22 | 416,654 | D | — | — | |
| 4 | Common | Class A Common Stock | 2023-05-22 | M | A | 2,658 | — | 417,842 | D | — | — | (F6) 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 2,658 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,188 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. |
| 5 | Common | Class A Common Stock | 2023-05-19 | S | D | 100,000 | $23.99 | 415,184 | D | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.74 to $24.40, inclusive. See the last sentence of footnote 4 to this Form 4 above. |
| 6 | Common | Class A Common Stock | 2023-05-19 | M | A | 21,302 | $23.99 | 516,524 | D Held by Park Family 2022 Grantor Retained Annuity Trust IV | — | — | (F1) The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options in an exercise-and-hold transaction, and paid the aggregate exercise price in cash. (F2) Reflects the transfer of 29,174 shares of Common Stock previously reported as indirectly held by the Park Family 2021 Grantor Retained Annuity Trust to the Reporting Person. There was no purchase or sale of shares of Common Stock in connection with the transfer. |
| 7 | Common | Class A Common Stock | 2023-05-19 | S | D | 1,340 | $24.00 | 515,184 | D | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.79 to $24.33, 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 footnotes 4 and 5 to this Form 4. |
| 8 | Derivative | Stock Option | 2023-05-19 | M | D | 21,302 | $0.00 | 0 | D | $4.70 · — to 2029-06-04 | 21,302 Class A Common Stock | (F1) The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options in an exercise-and-hold transaction, and paid the aggregate exercise price in cash. (F8) These stock options were granted on June 4, 2019. As of the date hereof, these stock options are vested and exercised. |
| 9 | Derivative | Restricted Stock Units | 2023-05-22 | M | D | 2,658 | $0.00 | 26,587 | D | — · — to — | 2,658 Class A Common Stock | (F6) 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 2,658 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,188 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. (F9) On February 22, 2021, the Reporting Person was granted 42,539 RSUs vesting quarterly over 4 years. |