Rosenblatt M Richard 4

Accession 0001104659-20-051726

CIK 0001772757other

View on SEC.gov Company Profile

Filed

Apr 26, 8:00 PM ET

Accepted

Apr 27, 5:28 PM ET

Size

14.3 KB

Accession

0001104659-20-051726

Insider Transaction Report

Form 4

Period: 2020-04-23

DraftKings Inc.DKNG

Rosenblatt M Richard

Director

Transactions

Award
Stock Option
2020-04-23+8,840→ 8,840 total
Exercise: $0.62Exp: 2025-02-18→ Class A Common Stock (8,840 underlying)
Award
Stock Option
2020-04-23+47,693→ 47,693 total
Exercise: $4.69Exp: 2029-06-04→ Class A Common Stock (47,693 underlying)
Other
Earnout Rights
2020-04-23+2,230→ 1 total
Exp: 2024-04-23→ Class A Common Stock (2,230 underlying)
Award
Stock Option
2020-04-23+182,678→ 182,678 total
Exercise: $2.94Exp: 2028-01-10→ Class A Common Stock (182,678 underlying)

Footnotes (6)

[F1]The option is vested and currently exercisable.
[F2]Received pursuant to the Business Combination Agreement, dated as of December 22, 2019, by and among Diamond Eagle Acquisition Corp. ("DEAC"), DraftKings Inc., a Delaware corporation ("Former DraftKings"), SBTech (Global) Limited, a company limited by shares incorporated in Gibraltar and continued as a company under the Isle of Man Companies Act 2006 ("SBT"), the shareholders of SBT ("SBT Sellers"), Shalom Meckenzie, in his capacity as the SBT Sellers' representative, DEAC NV Merger Corp., a Nevada corporation and a wholly-owned subsidiary of DEAC (and upon consummation of the business combination, the surviving "Issuer" as renamed "DraftKings Inc."), and DEAC Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of DEAC (as amended by Amendment No. 1, dated as of April 7, 2020, the "BCA") in exchange for an option to purchase 25,000 shares of Former DraftKings common stock.
[F3]Received pursuant to the BCA in exchange for an option to purchase 516,585 shares of Former DraftKings common stock.
[F4]The options were granted on June 4, 2019. 29,808 options have vested. The remaining options will vest in nine (9) equal monthly installments beginning May 10, 2020.
[F5]Received pursuant to the BCA in exchange for an option to purchase 134,869 shares of Former DraftKings common stock.
[F6]On April 23, 2020 (the "Closing Date"), Mr. Rosenblatt received the right to acquire 2,230 shares of the Issuer's Class A Common Stock pursuant to the BCA, (i) one-third of which will be released from escrow if (a) the volume weighted average share price of Class A Common Stock for at least 20 of any 30 consecutive trading days following the Closing Date (the "VWAP") is at least $12.50 or (b) the Issuer consummates a transaction resulting in its stockholders being able to exchange their shares for cash, securities or other property with a per share value ("Qualifying Value") of at least $12.50; (ii) one-third if (a) the VWAP is at least $14.00 or (b) the Issuer consummates a transaction with a Qualifying Value of at least $14.00; and (iii) one-third if (a) the VWAP is at least $16.00 or (b) the Issuer consummates a transaction with a Qualifying Value of at least $16.00. Any shares not eligible to be released within 4 years of the Closing Date will be forfeited and canceled.

Documents

1 file

4
tm2016925-23_4.xmlPrimary
OWNERSHIP DOCUMENT

Issuer

DraftKings Inc.

CIK 0001772757

→

Entity typeother

Related Parties

filerCIK 0001504471

Filing Metadata

Form type: 4
Filed: Apr 26, 8:00 PM ET
Accepted: Apr 27, 5:28 PM ET
Size: 14.3 KB

View on SEC.gov