0001104659-23-025480.txt : 20230224 0001104659-23-025480.hdr.sgml : 20230224 20230224200239 ACCESSION NUMBER: 0001104659-23-025480 CONFORMED SUBMISSION TYPE: 4/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230217 FILED AS OF DATE: 20230224 DATE AS OF CHANGE: 20230224 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bradbury Erik CENTRAL INDEX KEY: 0001824092 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-41379 FILM NUMBER: 23669587 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/A 1 tm237844-5_4aseq1.xml OWNERSHIP DOCUMENT X0306 4/A 2023-02-17 2023-02-22 0 0001883685 DraftKings Inc. DKNG 0001824092 Bradbury Erik C/O DRAFTKINGS INC. 222 BERKELEY STREET, 5TH FLOOR BOSTON MA 02116 0 1 0 0 Chief Accounting Officer Class A Common Stock 2023-02-17 4 A 0 35990 0 A 42570 D Class A Common Stock 2023-02-17 4 A 0 4620 0 A 47190 D Class A Common Stock 2023-02-17 4 A 0 381 0 A 47571 D Class A Common Stock 2023-02-17 4 F 0 199 20.54 D 47372 D Class A Common Stock 2023-02-21 4 S 0 15011 20.54 D 32361 D Class A Common Stock 2023-02-21 4 S 0 3964 21.24 D 28397 D Represents the vesting of the restricted stock units ("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. No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs, which vested upon the achievement of certain performance goals, other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 381 shares of Class A Common Stock underlying the RSUs that vested, and 199 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 original Form 4, filed on February 22, 2023 (the "Original Form 4") is being amended by this Form 4/A to correct a clerical error that incorrectly reported the Transaction Date in Column 2 of Table I as 02/17/23, which Transaction Date was 02/21/22. 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 $20.02 to $21.01, inclusive. The Reporting Person undertakes to provide to the Issuer, 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 price range set forth in this footnote. The Original Form 4 is being amended by this Form 4/A to reallocate the amount and the weighted average price of securities sold in Column 4, which was previously disclosed in a range of $20.02 to $22.02, inclusive, to be disclosed in a range of $20.02 to $21.01, inclusive. 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 $21.02 to $22.02, inclusive. The Reporting Person undertakes to provide to the Issuer, 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 price range set forth in this footnote. The Original Form 4 is being amended by this Form 4/A to reallocate the amount and the weighted average price of securities sold in Column 4, which was previously disclosed in a range of $20.02 to $22.02, inclusive, to a range of $21.02 to $22.02, inclusive. /s/ Faisal Hasan, attorney-in-fact 2023-02-24