FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
DraftKings Inc. [ DKNG ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/15/2021 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Class A Common Stock | 11/15/2021 | M | 140,000(1) | A | $3.29 | 3,649,617 | D | |||
Class A Common Stock | 11/15/2021 | M | 154,189(1) | A | $3.82 | 3,803,806 | D | |||
Class A Common Stock | 11/15/2021 | M | 141,092(2) | A | $3.82 | 141,092 | I | Held by Robins September 2020 Grantor Retained Annuity Trust |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option | $3.29 | 11/15/2021 | M | 140,000(1) | (3) | 04/18/2028 | Class A Common Stock | 140,000 | $0.00 | 257,593 | D | ||||
Employee Stock Option | $3.82 | 11/15/2021 | M | 154,189(1) | (4) | 05/03/2027 | Class A Common Stock | 154,189 | $0.00 | 0 | D | ||||
Employee Stock Option | $3.82 | 11/15/2021 | M | 141,092(2) | (4) | 05/03/2027 | Class A Common Stock | 141,092 | $0.00 | 574,710 | I | Held by Robins September 2020 Grantor Retained Annuity Trust |
Explanation of Responses: |
1. Represents shares of Class A Common Stock of the Issuer underlying options exercised by the Reporting Person (the "Exercise"). No shares of Class A Common Stock were sold in connection with the Exercise. |
2. Represents shares of Class A Common Stock of the Issuer underlying options exercised by the Robins September 2020 Grantor Retained Annuity Trust (the "Trust Exercise"). No shares of Class A Common Stock were sold in connection with the Trust Exercise. |
3. The options were granted on April 18, 2018. Of the remaining derivative securities following this transaction, 174,479 options have vested and are exercisable and 83,114 options remain unvested. |
4. The options are vested and currently exercisable. |
Remarks: |
Chief Executive Officer and Chairman of the Board. In addition, Jason Robins is the sole holder of 393,013,951 shares of Class B Common Stock of the Issuer, which are not registered securities. |
/s/ Faisal Hasan, attorney-in-fact | 11/16/2021 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |