Form 4 for DKNG DraftKings Inc.
Accepted 2023-10-24 00:00:00 ET · period of report 2023-10-20 · accession 0001104659-23-111166 · 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 | 2023-10-24 | 2023-10-20+ | DKNG | Robins Jason | See Remarks, Dir | M - OptEx | $3.82 | +211.6K | 3.82M | +6% | +$808.3K |
| DM | 2023-10-24 | 2023-10-20 | DKNG | Robins Jason | See Remarks, Dir | S - Sale+OE | $27.11 | -200.0K | 3.81M | -5% | -$5.42M |
| D | 2023-10-24 | 2023-10-23 | DKNG | Robins Jason | See Remarks, Dir | F - Tax | $28.15 | -5,603 | 3.82M | -0.1% | -$157.7K |
| DM | 2023-10-24 | 2023-10-20+ | DKNG | Robins Jason | See Remarks, Dir | M - OptEx | $0.00 | -211.6K | 99.1K | -68% | $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 | 2023-10-20 | M | A | 200,000 | $3.82 | 4,011,351 | 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. |
| 2 | Common | Class A Common Stock | 2023-10-20 | S | D | 193,254 | $27.10 | 3,818,097 | D | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.48 to $27.47, 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 3 and 4 to this Form 4. |
| 3 | Common | Class A Common Stock | 2023-10-20 | S | D | 6,746 | $27.53 | 3,811,351 | D | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.48 to $27.63, inclusive. See the last sentence of footnote 3 to this Form 4 above. |
| 4 | Common | Class A Common Stock | 2023-10-23 | M | A | 11,588 | — | 3,822,939 | D | — | — | (F5) 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 11,588 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 5,603 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. |
| 5 | Common | Class A Common Stock | 2023-10-23 | F | D | 5,603 | $28.15 | 3,817,336 | D | — | — | |
| 6 | Derivative | Restricted Stock Units | 2023-10-23 | M | D | 11,588 | $0.00 | 23,174 | D | — · — to — | 11,588 Class A Common Stock | (F5) 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 11,588 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 5,603 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. (F8) On August 11, 2020, the Reporting Person was granted 185,396 restricted stock units, vesting quarterly over 4 years from April 23, 2020, with the vesting of any restricted stock units scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining restricted stock units occurring on October 23, 2020 and each quarter thereafter. |
| 7 | Derivative | Stock Option | 2023-10-20 | M | D | 200,000 | $0.00 | 99,099 | D | $3.82 · — to 2027-05-03 | 200,000 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. (F7) Reflects the transfer of 299,099 stock options previously reported as indirectly held by the Robins December 2021 Grantor Retained Annuity Trust. (F6) These stock options were granted on May 3, 2017. As of the date hereof, all such remaining stock options have vested. |