Form 4 for DKNG DraftKings Inc.
Accepted 2023-07-25 00:00:00 ET · period of report 2023-07-21 · accession 0001104659-23-083966 · 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 | 2023-07-25 | 2023-07-21+ | DKNG | Dodge R Stanton | CLO | M - OptEx | $2.95 | +58.3K | 681.8K | +9% | +$172.0K |
| DM | 2023-07-25 | 2023-07-23 | DKNG | Dodge R Stanton | CLO | F - Tax | $31.08 | -2,418 | 631.0K | -0.4% | -$75.2K |
| D | 2023-07-25 | 2023-07-21 | DKNG | Dodge R Stanton | CLO | S - Sale+OE | $30.99 | -52.8K | 629.0K | -8% | -$1.64M |
| DM | 2023-07-25 | 2023-07-21+ | DKNG | Dodge R Stanton | CLO | M - OptEx | $0.00 | -58.3K | 684.2K | -8% | $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 | 2023-07-23 | M | A | 1,961 | — | 632,989 | 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 1,961 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. |
| 2 | Common | Class A Common Stock | 2023-07-23 | F | D | 858 | $31.08 | 632,131 | D | — | — | |
| 3 | Common | Class A Common Stock | 2023-07-23 | F | D | 1,560 | $31.08 | 631,028 | D | — | — | |
| 4 | Common | Class A Common Stock | 2023-07-23 | M | A | 3,565 | — | 632,588 | D | — | — | (F4) 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. |
| 5 | Common | Class A Common Stock | 2023-07-21 | S | D | 52,777 | $30.99 | 629,023 | D | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.75 to $31.23, 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 footnote 2 to this Form 4. |
| 6 | Common | Class A Common Stock | 2023-07-21 | M | A | 52,777 | $2.95 | 681,800 | D | — | — | (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. |
| 7 | Derivative | Restricted Stock Units | 2023-07-23 | M | D | 3,565 | $0.00 | 10,696 | D | — · — to — | 3,565 Class A Common Stock | (F4) 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. (F7) 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. |
| 8 | Derivative | Restricted Stock Units | 2023-07-23 | M | D | 1,961 | $0.00 | 17,648 | D | — · — to — | 1,961 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 1,961 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. (F8) 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. |
| 9 | Derivative | Stock Option | 2023-07-21 | M | D | 52,777 | $0.00 | 684,246 | D | $2.95 · — to 2027-11-07 | 52,777 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. (F6) These stock options were granted on November 7, 2017. As of the date hereof, all such remaining stock options have vested. |