Accession Number: | 0001104659-20-117317 |
Date: | 2020-10-20 |
Issuer: | DRAFTKINGS INC. (DKNG) |
Original Submission Date: |
ROBINS JASON
C/O DRAFTKINGS INC.
222 BERKELEY STREET, 5TH FLOOR
BOSTON, MA 02116
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
CLASS A COMMON STOCK | 2020-10-20 | M | 5,221,221 | a | $0.00 | 6,828,358 | direct | ||
CLASS A COMMON STOCK | 2020-10-20 | F | 2,315,612 | d | $42.53 | 4,512,746 | direct | ||
CLASS A COMMON STOCK | 2020-10-20 | 0 | $0.00 | 20,168 | indirect | ||||
CLASS A COMMON STOCK | 2020-10-20 | 0 | $0.00 | 20,567 | indirect | ||||
CLASS A COMMON STOCK | 2020-10-20 | 0 | $0.00 | 6,594 | indirect |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
RESTRICTED STOCK UNITS | 0.0 | 2020-10-20 | deemed execution date | M | 5,221,221 (d) | class a common stock 5,221,221 | $0.00 | 0 | direct |
ID | footnote |
---|---|
f1 | 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 as allowed by the amended and restated lock-up agreement, dated october 6, 2020, between the reporting person and the underwriters (as defined therein) (the "lock-up agreement"). the reporting person received the net of the 5,221,221 shares of class a common stock underlying the restricted stock units and 2,315,612 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, and such reporting person's shares of class a common stock are subject to the restrictions set forth in the lock-up agreement. |
f2 | the reporting person was previously granted 5,221,221 restricted stock units, which vested into shares of the issuer's class a common stock based on the satisfaction of certain performance thresholds, combined with the completion of a requisite service period on october 20, 2020. |