Form Type: 4

SEC EDGAR Link
Accession Number:0001104659-23-024417
Date:2023-02-17
Issuer: DRAFTKINGS INC. (DKNG)
Original Submission Date:

Reporting Person:

BRADBURY ERIK
C/O DRAFTKINGS INC.
222 BERKELEY STREET, 5TH FLOOR BOSTON, MA 02116

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
CLASS A COMMON STOCK 2023-02-17 A 35,990 a $0.00 42,570 direct
CLASS A COMMON STOCK 2023-02-17 S 16,849 d $20.69 25,721 direct
CLASS A COMMON STOCK 2023-02-17 A 4,620 a $0.00 30,341 direct
CLASS A COMMON STOCK 2023-02-17 S 2,126 d $20.69 28,215 direct
CLASS A COMMON STOCK 2023-02-17 A 381 a $0.00 28,596 direct
CLASS A COMMON STOCK 2023-02-17 F 199 d $20.54 28,397 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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
Footnotes
IDfootnote
f1 represents the vesting of the restricted stock units ("rsus") granted pursuant to the issuer's 2020 incentive award plan (the "plan"), which vested upon the achievement of certain performance goals. each rsu represents a contingent right to receive one share of the issuer's class a common stock.
f2 represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of rsus and psus. the "sell to cover" transactions were effected pursuant to a rule 10b5-1 trading plan. the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $20.02 to $22.02, inclusive. the reporting person undertakes to provide to the issuer, 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 price range set forth in this footnote.
f3 represents the vesting of the performance-based restricted stock units ("psus") granted pursuant to the plan, which vested upon the achievement of certain performance criteria. each psu represents a contingent right to receive one share of the issuer's class a common stock.
f4 represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of rsus and psus. the "sell to cover" transactions were effected pursuant to a rule 10b5-1 trading plan. the price reported in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $20.02 to $22.02, inclusive. the reporting person undertakes to provide to the issuer, 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 price range set forth in this footnote.
f5 no shares of class a common stock were transferred or sold upon the vesting of the rsus, which vested upon the achievement of certain performance goals, other than to the issuer to satisfy withholding taxes. the reporting person received the net of the 381 shares of class a common stock underlying the rsus that vested, and 199 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.
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