4//SEC Filing
Nada Hany M 4
Accession 0001104659-21-062624
CIK 0001772757other
Filed
May 5, 8:00 PM ET
Accepted
May 6, 8:48 PM ET
Size
13.0 KB
Accession
0001104659-21-062624
Insider Transaction Report
Form 4
DraftKings Inc.DKNG
Nada Hany M
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2021-05-04+322→ 1,316,645 total - Award
Restricted Stock Units
2021-05-04+322→ 322 total→ Class A Common Stock (322 underlying) - Award
Restricted Stock Units
2021-05-04+3,563→ 3,563 total→ Class A Common Stock (3,563 underlying) - Exercise/Conversion
Restricted Stock Units
2021-05-04−322→ 0 total→ Class A Common Stock (322 underlying)
Footnotes (7)
- [F1]No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs").
- [F2]The shares of Class A Common Stock reported herein give effect to the distribution of shares by ACME SPV DK, LLC and its affiliates for no additional consideration to members of ACME SPV DK, LLC, including the Reporting Person, subsequent to the Reporting Person's last Section 16 (as defined below) filing reporting beneficial ownership of Class A Common Stock. As the distribution of such shares constituted only a change in the form of the Reporting Person's beneficial ownership of such shares, the Reporting Person was not required to report the distribution pursuant to Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"). As a result of the distribution, the Reporting Person's direct beneficial ownership reported in Table I includes 903 shares of Class A Common Stock and the Reporting Person no longer has an indirect beneficial ownership of shares of Class A Common Stock through ACME, LLC.
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F4]Represents RSU grant that is being issued in lieu of a quarterly cash retainer.
- [F5]The RSUs were granted and became fully vested on May 4, 2021.
- [F6]Represents annual equity grant.
- [F7]The RSUs were granted on May 4, 2021 and shall vest in full on the earlier of the Issuer's annual meeting of shareholders in 2022 and the first anniversary of the grant date.
Documents
Issuer
DraftKings Inc.
CIK 0001772757
Entity typeother
Related Parties
1- filerCIK 0001810238
Filing Metadata
- Form type
- 4
- Filed
- May 5, 8:00 PM ET
- Accepted
- May 6, 8:48 PM ET
- Size
- 13.0 KB