Form 4 for DKNG DraftKings Inc.
Accepted 2023-09-01 00:00:00 ET · period of report 2023-09-01 · accession 0001104659-23-097866 · 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 | 2023-09-01 | 2023-09-01 | DKNG | Dodge R Stanton | CLO | M - OptEx | $2.95 | +34.7K | 653.6K | +6% | +$102.4K |
| D | 2023-09-01 | 2023-09-01 | DKNG | Dodge R Stanton | CLO | S - Sale+OE | $30.00 | -23.7K | 648.8K | -4% | -$710.7K |
| D | 2023-09-01 | 2023-09-01 | DKNG | Dodge R Stanton | CLO | F - Tax | $29.64 | -4,826 | 648.8K | -0.7% | -$143.0K |
| DM | 2023-09-01 | 2023-09-01 | DKNG | Dodge R Stanton | CLO | M - OptEx | $0.00 | -34.7K | 154.4K | -18% | $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 | 2023-09-01 | M | A | 23,691 | $2.95 | 672,464 | D | — | — | (F2) 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. |
| 2 | Common | Class A Common Stock | 2023-09-01 | S | D | 23,691 | $30.00 | 648,773 | D | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.00 to $30.07, 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 4 to this Form 4. |
| 3 | Common | Class A Common Stock | 2023-09-01 | F | D | 4,826 | $29.64 | 648,773 | D | — | — | |
| 4 | Common | Class A Common Stock | 2023-09-01 | M | A | 11,029 | — | 653,599 | D | — | — | (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 11,029 shares of Class A Common Stock underlying the RSUs listed in Table II, and 4,826 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 | Derivative | Stock Option | 2023-09-01 | M | D | 23,691 | $0.00 | 607,778 | D | $2.95 · — to 2027-11-07 | 23,691 Class A Common Stock | (F5) These stock options were granted on November 7, 2017. As of the date hereof, all such remaining stock options have vested. |
| 6 | Derivative | Restricted Stock Units | 2023-09-01 | M | D | 11,029 | $0.00 | 154,410 | D | — · — to — | 11,029 Class A Common Stock | (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 11,029 shares of Class A Common Stock underlying the RSUs listed in Table II, and 4,826 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 13, 2023, the Reporting Person was granted 190,588 RSUs vesting quarterly over four (4) years. |