0001104659-22-026889.txt : 20220224
0001104659-22-026889.hdr.sgml : 20220224
20220224213244
ACCESSION NUMBER: 0001104659-22-026889
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220222
FILED AS OF DATE: 20220224
DATE AS OF CHANGE: 20220224
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Park Jason
CENTRAL INDEX KEY: 0001810235
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38908
FILM NUMBER: 22674118
MAIL ADDRESS:
STREET 1: 222 BERKELEY STREET
STREET 2: FLOOR 5
CITY: BOSTON
STATE: MA
ZIP: 02116
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: DraftKings Inc.
CENTRAL INDEX KEY: 0001772757
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
IRS NUMBER: 844052441
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 222 BERKELEY STREET
STREET 2: 5TH FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02116
BUSINESS PHONE: (617) 986-6744
MAIL ADDRESS:
STREET 1: 222 BERKELEY STREET
STREET 2: 5TH FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02116
FORMER COMPANY:
FORMER CONFORMED NAME: Diamond Eagle Acquisition Corp. \ DE
DATE OF NAME CHANGE: 20190403
4
1
tm227698-5_4seq1.xml
OWNERSHIP DOCUMENT
X0306
4
2022-02-22
0
0001772757
DraftKings Inc.
DKNG
0001810235
Park Jason
C/O DRAFTKINGS INC.
222 BERKELEY STREET, 5TH FLOOR
BOSTON
MA
02116
0
1
0
0
Chief Financial Officer
Class A Common Stock
2022-02-22
4
M
0
2659
A
31808
D
Class A Common Stock
2022-02-22
4
F
0
1180
18.59
D
30628
D
Class A Common Stock
2022-02-22
4
A
0
283333
0
A
313961
D
Class A Common Stock
2022-02-22
4
A
0
222474
0
A
536435
D
Class A Common Stock
2022-02-23
4
S
0
66671
19.76
D
469764
D
Class A Common Stock
2022-02-23
4
S
0
132410
20.51
D
337354
D
Class A Common Stock
29174
I
Held by Park Family 2021 Grantor Retained Annuity Trust
Class A Common Stock
100000
I
Held by Park Family 2021 GRAT II
Class A Common Stock
100000
I
Held by Park Family 2022 Grantor Retained Annuity Trust III
Class A Common Stock
70826
I
Held by Park Family 2022 Grantor Retained Annuity Trust IV
Restricted Stock Units
2022-02-22
4
M
0
2659
0.00
D
Class A Common Stock
2659
31904
D
No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 2,659 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,180 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.
Represents the vesting of the 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.
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.
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 $19.06 to $20.05, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide 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 range set forth in footnotes 4 and 5 to this Form 4.
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 $20.06 to $20.895, inclusive.
Reflects the transfer of 70,826 shares of Common Stock previously reported as indirectly held by the Park Family 2021 Grantor Retained Annuity Trust to the Park Family 2021 Grantor Retained Annuity Trust IV, both of which the Reporting Person serves as the Trustee and is the sole annuitant. There was no purchase or sale of shares of Common Stock in connection with the transfer. The Reporting Person disclaims beneficial ownership of the shares of Common Stock held by the Park Family 2021 Grantor Retained Annuity Trust and the Park Family 2021 Grantor Retained Annuity Trust IV except to the extent of his pecuniary interest therein.
Reflects 100,000 shares of Common Stock previously reported as directly beneficially owned by the Reporting Person, which were transferred to the Park Family 2021 Grantor Retained Annuity Trust III, of which the Reporting Person serves as the Trustee and is the sole annuitant. There was no purchase or sale of shares of Common Stock in connection with the transfer. The Reporting Person disclaims beneficial ownership of the shares of Common Stock held by the Park Family 2021 Grantor Retained Annuity Trust III except to the extent of his pecuniary interest therein.
On February 22, 2021, the Reporting Person was granted 42,539 RSUs vesting quarterly over 4 years.
/s/ Faisal Hasan, attorney-in-fact
2022-02-24