0001104659-22-057740.txt : 20220509
0001104659-22-057740.hdr.sgml : 20220509
20220509191945
ACCESSION NUMBER: 0001104659-22-057740
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220505
FILED AS OF DATE: 20220509
DATE AS OF CHANGE: 20220509
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kalish Matthew
CENTRAL INDEX KEY: 0001810190
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41379
FILM NUMBER: 22906789
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: 0001883685
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
IRS NUMBER: 000000000
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 222 BERKELEY STREET
CITY: BOSTON
STATE: MA
ZIP: 02116
BUSINESS PHONE: (617) 986-6744
MAIL ADDRESS:
STREET 1: 222 BERKELEY STREET
CITY: BOSTON
STATE: MA
ZIP: 02116
FORMER COMPANY:
FORMER CONFORMED NAME: New Duke Holdco, Inc.
DATE OF NAME CHANGE: 20210917
4
1
tm2214893-9_4seq1.xml
OWNERSHIP DOCUMENT
X0306
4
2022-05-05
0
0001883685
DraftKings Inc.
DKNG
0001810190
Kalish Matthew
C/O DRAFTKINGS INC.
222 BERKELEY STREET, 5TH FLOOR
BOSTON
MA
02116
1
1
0
0
See Remarks
Class A Common Stock
2022-05-05
4
A
0
2468261
A
2468261
D
Class A Common Stock
2022-05-05
4
A
0
196279
A
196279
I
Held by Kalish Family 2020 Irrevocable Trusts
Class A Common Stock
2022-05-05
4
A
0
196279
A
196279
I
Held by Kalish Family 2020 Irrevocable Trusts
Restricted Stock Units
2022-05-05
4
A
0
49914
A
Class A Common Stock
49914
49914
D
Restricted Stock Units
2022-05-05
4
A
0
63808
A
Class A Common Stock
63808
63808
D
Restricted Stock Units
2022-05-05
4
A
0
452940
A
Class A Common Stock
452940
452940
D
Stock Option
3.29
2022-05-05
4
A
0
581053
A
2028-04-18
Class A Common Stock
581053
581053
D
Stock Option
0.63
2022-05-05
4
A
0
93649
A
2025-08-27
Class A Common Stock
93649
93649
D
Stock Option
3.82
2022-05-05
4
A
0
157826
A
2027-05-03
Class A Common Stock
157826
157826
D
Stock Option
3.29
2022-05-05
4
A
0
1511843
A
2028-05-03
Class A Common Stock
1511843
1511843
D
Stock Option
4.70
2022-05-05
4
A
0
106088
A
2029-06-04
Class A Common Stock
106088
106088
D
Stock Option
4.70
2022-05-05
4
A
0
300583
A
2029-06-04
Class A Common Stock
300583
300583
D
Stock Option
4.70
2022-05-05
4
A
0
300583
A
2029-06-04
Class A Common Stock
300583
300583
D
Warrant for Common Stock
11.50
2022-05-05
4
A
0
3251
0.00
A
2020-05-23
2025-04-23
Class A Common Stock
3251
3251
D
Warrant for Common Stock
11.50
2022-05-05
4
A
0
40
0.00
A
2020-05-23
2025-04-23
Class A Common Stock
40
40
I
Held by Kalish Family 2020 Irrevocable Trusts
Warrant for Common Stock
11.50
2022-05-05
4
A
0
3883
0.00
A
2020-05-23
2025-04-23
Class A Common Stock
3883
3883
I
Held by Matthew P. Kalish 2020 Trust
Pursuant to the Agreement and Plan of Merger, dated August 9, 2021 (the "Merger Agreement"), between DraftKings Inc. (now known as DraftKings Holdings Inc.) ("Old DraftKings"), Golden Nugget Online Gaming, Inc., New Duke Holdco, Inc. (now known as DraftKings Inc.) ("New DraftKings"), Duke Merger Sub, Inc. ("DK Merger Sub") and Gulf Merger Sub, Inc., upon the consummation of the merger of DK Merger Sub with and into Old DraftKings at 12:01 a.m. Eastern Time on May 5, 2022 (the "DraftKings Merger"), each issued and outstanding share of Class A common stock, par value $0.0001 per share, of Old DraftKings ("Old DraftKings Class A Common Stock") was converted into the right to receive one share of Class A common stock, par value $0.0001 per share, of New DraftKings ("New DraftKings Class A Common Stock"). The acquisition of the New DraftKings Class A Common Stock is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange (continued on footnote 2)
(Continued from footnote 1) Act"), pursuant to Rule 16b-3 and Rule 16b-7 under the Exchange Act. Contemporaneously with the filing of this Form 4 to reflect the acquisition of New DraftKings Class A Common Stock by the Reporting Person in connection with the consummation of the DraftKings Merger, the Reporting Person is filing a Form 4 with respect to Old DraftKings to report the disposition by such Reporting Person of an equal number of shares of Old DraftKings Class A Common Stock in connection with the consummation of the DraftKings Merger. This Form 4 only reports the acquisition of securities of the Reporting Person pursuant to the Merger Agreement and does not reflect the purchase of securities by the Reporting Person. As used herein, the term "Class A Common Stock" refers to (i) Old DraftKings Class A Common Stock prior to the DraftKings Merger and (ii) New DraftKings Class A Common Stock following the DraftKings Merger, in each case, unless the context requires otherwise.
Pursuant to the Merger Agreement and in connection with the consummation of the DraftKings Merger, each outstanding restricted stock unit denominated in Old DraftKings Class A Common Stock (collectively, the "Old DraftKings RSUs") was converted into an equivalent restricted stock unit denominated in New DraftKings Class A Common Stock (collectively, the "New DraftKings RSUs"), each of which represents a contingent right to receive one share of New DraftKings Class A Common Stock. Contemporaneously with the filing of this Form 4 to reflect the acquisition of New DraftKings RSUs by the Reporting Person in connection with the consummation of the DraftKings Merger, the Reporting Person is filing a Form 4 with respect to Old DraftKings to report the disposition by such Reporting Person of an equal number of Old DraftKings RSUs in connection with the consummation of the DraftKings Merger. (continued on footnote 4)
(Continued from footnote 3) This Form 4 only reports the acquisition of securities of the Reporting Person pursuant to the Merger Agreement and does not reflect the purchase of securities by the Reporting Person. As used herein, the term "RSUs" refers to (i) Old DraftKings RSUs prior to the DraftKings Merger and (ii) New DraftKings RSUs following the DraftKings Merger, in each case, unless the context requires otherwise.
The Reporting Person was granted 99,828 RSUs on August 11, 2020 vesting quarterly over four (4) years from April 23, 2020, with the vesting of the first tranche occurring on September 12, 2020.
On February 22, 2021, the Reporting Person was granted 85,078 RSUs vesting quarterly over four (4) years.
On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years.
Pursuant to the Merger Agreement and in connection with the consummation of the DraftKings Merger, each outstanding stock option to purchase Old DraftKings Class A Common Stock ("Old DraftKings Options") was converted into an equivalent stock option to purchase New DraftKings Class A Common Stock ("New DraftKings Options"). Contemporaneously with the filing of this Form 4 to reflect the acquisition of New DraftKings Options by the Reporting Person in connection with the consummation of the DraftKings Merger, the Reporting Person is filing a Form 4 with respect to Old DraftKings to report the disposition by such Reporting Person of an equal number of Old DraftKings Options in connection with the consummation of the DraftKings Merger. (continued on footnote 9)
(Continued from footnote 8) This Form 4 only reports the acquisition of securities of the Reporting Person pursuant to the Merger Agreement and does not reflect the purchase of securities by the Reporting Person. As used herein, the term "Stock Options" refers to (i) Old DraftKings Options prior to the DraftKings Merger and (ii) New DraftKings Options following the DraftKings Merger, in each case, unless the context requires otherwise.
These Stock Options are vested and exercisable as of the date hereof.
These Stock Options were granted on June 4, 2019. As of the date hereof, 206,653 of such Stock Options have vested. The remaining Stock Options will vest in four (4) equal quarterly installments beginning on June 1, 2022.
Each warrant to purchase Class A Common Stock is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share.
President, Global Technology and Product
/s/ Faisal Hasan, attorney-in-fact
2022-05-09