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