0001104659-23-049772.txt : 20230425 0001104659-23-049772.hdr.sgml : 20230425 20230425203643 ACCESSION NUMBER: 0001104659-23-049772 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230421 FILED AS OF DATE: 20230425 DATE AS OF CHANGE: 20230425 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: 001-41379 FILM NUMBER: 23846516 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 tm2313764-4_4seq1.xml OWNERSHIP DOCUMENT X0407 4 2023-04-21 0 0001883685 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 1 Class A Common Stock 2023-04-21 4 S 0 2596 21.75 D 670348 D Class A Common Stock 2023-04-21 4 S 0 50000 21.72 D 620348 D Class A Common Stock 2023-04-21 4 S 0 50000 21.72 D 570348 D Class A Common Stock 2023-04-23 4 M 0 4635 A 574983 D Class A Common Stock 2023-04-23 4 F 0 2071 21.97 D 572912 D Class A Common Stock 29174 I Held by Park Family 2021 Grantor Retained Annuity Trust Class A Common Stock 42689 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 Class A Common Stock 100000 I Held by Park Family 2022 Grantor Retained Annuity Trust V Restricted Stock Units 2023-04-23 4 M 0 4635 0.00 D Class A Common Stock 4635 18539 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 4,635 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,071 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. The reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on December 14, 2021 (as amended) pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.42 to $22.01, 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 3, 4, and 5 to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.36 to $22.01, inclusive. See the last sentence of footnote 3 to this Form 4 above. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.36 to $22.01, inclusive. See the last sentence of footnote 3 to this Form 4 above. Reflects the transfer of 57,311 Class A Common Stock to the Reporting Person previously reported as indirectly held by the Reporting Person through the Park Family 2022 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 Class A Common Stock in connection with the transfer. On August 11, 2020, the Reporting Person was granted 74,158 RSUs vesting quarterly over 4 years from April 23, 2020, with any RSUs scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining RSUs occurring on October 23, 2020 and each quarter thereafter. /s/ Faisal Hasan, attorney-in-fact 2023-04-25