Form 4 for DKNG DraftKings Inc.
Accepted 2023-11-24 00:00:00 ET · period of report 2023-11-21 · accession 0001104659-23-121042 · 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 | 2023-11-24 | 2023-11-21 | DKNG | Robins Jason | See Remarks, Dir | G - Gift | $0.00 | -74.9K | 3.48M | -2% | $0 |
| DM | 2023-11-24 | 2023-11-21+ | DKNG | Robins Jason | See Remarks, Dir | M - OptEx | $4.70 | +205.8K | 3.68M | +6% | +$967.5K |
| D | 2023-11-24 | 2023-11-21 | DKNG | Robins Jason | See Remarks, Dir | S - Sale+OE | $38.27 | -200.0K | 3.48M | -5% | -$7.65M |
| D | 2023-11-24 | 2023-11-22 | DKNG | Robins Jason | See Remarks, Dir | F - Tax | $38.68 | -2,828 | 3.48M | -0.1% | -$109.4K |
| DMI | 2023-11-24 | 2023-11-21 | DKNG | Robins Jason | See Remarks, Dir | G - Gift | $0.00 | -819.7K | 0 | -100% | $0 |
| DM | 2023-11-24 | 2023-11-21+ | DKNG | Robins Jason | See Remarks, Dir | M - OptEx | $0.00 | -205.8K | 29.2K | -88% | $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 | 2023-11-21 | G | D | 12,947 | $0.00 | 3,538,689 | D | — | — | |
| 2 | Common | Class A Common Stock | 2023-11-21 | G | D | 51,557 | $0.00 | 3,487,132 | D | — | — | |
| 3 | Common | Class A Common Stock | 2023-11-21 | G | D | 10,373 | $0.00 | 3,476,759 | D | — | — | |
| 4 | Common | Class A Common Stock | 2023-11-22 | M | A | 5,849 | — | 3,482,608 | D | — | — | (F3) 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 5,849 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,828 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 | 2023-11-21 | S | D | 200,000 | $38.27 | 3,476,759 | D | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.93 to $38.88, 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 5 to this Form 4. |
| 6 | Common | Class A Common Stock | 2023-11-21 | M | A | 200,000 | $4.70 | 3,676,759 | D | — | — | (F2) The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options and paid the aggregate exercise price and the tax withholdings in cash. |
| 7 | Common | Class A Common Stock | 2023-11-22 | F | D | 2,828 | $38.68 | 3,479,780 | D | — | — | |
| 8 | Derivative | Stock Option | 2023-11-21 | G | D | 327,461 | $0.00 | 0 | I Held by Robins Grantor Retained Annuity Trust 2020 | $0.63 · — to 2025-02-18 | 327,461 Class A Common Stock | (F10) Represents a bona fide gift of 327,461 stock options previously reported as indirectly held by the Robins Grantor Retained Annuity Trust of 2020 to the Robins Family 2020 Irrevocable Trust. (F9) These stock options were granted on February 10, 2016. As of the date hereof, all of such remaining stock options have vested. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer. |
| 9 | Derivative | Stock Option | 2023-11-21 | M | D | 200,000 | $0.00 | 896,850 | D | $4.70 · — to 2029-06-04 | 200,000 Class A Common Stock | (F11) These stock options were granted on June 4, 2019. As of the date hereof, all of such remaining stock options have vested. |
| 10 | Derivative | Restricted Stock Units | 2023-11-22 | M | D | 5,849 | $0.00 | 29,246 | D | — · — to — | 5,849 Class A Common Stock | (F3) 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 5,849 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,828 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. (F12) On February 22, 2021, the Reporting Person was granted 93,586 RSUs vesting quarterly over 4 years. |
| 11 | Derivative | Stock Option | 2023-11-21 | G | D | 492,211 | $0.00 | 0 | I Held by Robins Grantor Retained Annuity Trust 2020 | $0.63 · — to 2026-03-24 | 492,211 Class A Common Stock | (F8) Reflects the transfer of 400,053 stock options previously reported as indirectly held by the Robins Grantor Retained Annuity Trust of 2020 to the Reporting Person. (F7) Represents a bona fide gift of 492,211 stock options previously reported as indirectly held by the Robins Grantor Retained Annuity Trust of 2020 to the Robins Family 2020 Irrevocable Trust. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer. (F6) These stock options were granted on March 24, 2016. As of the date hereof, all of such remaining stock options have vested. |