Rosenblatt M Richard 4
4 · DraftKings Inc. · Filed May 26, 2020
Insider Transaction Report
Form 4
DraftKings Inc.DKNG
Rosenblatt M Richard
Director
Transactions
- Exercise/Conversion
Earnout Rights
2020-05-21−2,230→ 0 totalExp: 2024-04-23→ Class A Common Stock (2,230 underlying) - Exercise/Conversion
Class A Common Stock
2020-05-21+2,230→ 2,230 total
Footnotes (1)
- [F1]The shares of Class A Common Stock of the Issuer reported on this Form 4 were released from escrow and distributed to the Reporting Person pursuant to Section 1.8 of that certain Business Combination Agreement, dated as of December 22, 2019 (as amended by Amendment No. 1 thereto, dated as of April 7, 2020) (the "earnout rights"). The number of shares issuable pursuant to the earnout rights was determined, and the Reporting Person's right to receive such shares subject to the earnout rights became fixed and irrevocable, on April 23, 2020, the closing date of the business combination.