4//SEC Filing
Salter John S. 4
Accession 0001104659-22-048524
CIK 0001772757other
Filed
Apr 20, 8:00 PM ET
Accepted
Apr 21, 8:20 PM ET
Size
19.3 KB
Accession
0001104659-22-048524
Insider Transaction Report
Form 4
DraftKings Inc.DKNG
Salter John S.
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2022-04-19+3,563→ 16,200 total - Exercise/Conversion
Class A Common Stock
2022-04-19+284→ 16,484 total - Exercise/Conversion
Class A Common Stock
2022-04-19+288→ 16,772 total - Exercise/Conversion
Class A Common Stock
2022-04-19+619→ 17,391 total - Exercise/Conversion
Restricted Stock Units
2022-04-19−3,563→ 0 total→ Class A Common Stock (3,563 underlying) - Exercise/Conversion
Restricted Stock Units
2022-04-19−284→ 0 total→ Class A Common Stock (284 underlying) - Exercise/Conversion
Restricted Stock Units
2022-04-19−288→ 0 total→ Class A Common Stock (288 underlying) - Exercise/Conversion
Restricted Stock Units
2022-04-19−619→ 0 total→ Class A Common Stock (619 underlying)
Footnotes (6)
- [F1]No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs"). Each RSU 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, dated March 15, 2021, between the Reporting Person and the Initial Purchasers (as defined therein).
- [F2]The RSUs were granted on May 4, 2021 and became fully vested on April 19, 2022.
- [F3]The RSUs were granted on August 3, 2021 and became fully vested on April 19, 2022.
- [F4]The RSUs were granted on November 2, 2021 and became fully vested on April 19, 2022.
- [F5]The RSUs were granted on February 14, 2022 and became fully vested on April 19, 2022.
- [F6]The reporting person is party to a Nominee and Assignment Agreement with The Raine Group LLC ("Raine") pursuant to which he will be required to transfer the shares of the Issuer's Class A Common Stock underlying such RSUs to Raine upon settlement thereof. The reporting person disclaims beneficial ownership of the RSUs except to the extent of his pecuniary interest therein, and the filing of this Form 4 shall not be deemed an admission that the reporting person is the beneficial owner of the RSUs for purposes of Section 16 or for any other purpose.
Documents
Issuer
DraftKings Inc.
CIK 0001772757
Entity typeother
Related Parties
1- filerCIK 0001810211
Filing Metadata
- Form type
- 4
- Filed
- Apr 20, 8:00 PM ET
- Accepted
- Apr 21, 8:20 PM ET
- Size
- 19.3 KB