SEC Filing | DraftKings Inc.

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SEC FORM 4 SEC Form 4

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^*

Moore Ryan R

(Last)

(First)

(Middle)

C/O DRAFTKINGS INC.

222 BERKELEY STREET, 5TH FLOOR

(Street)

BOSTON

02116

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
DraftKings Inc. [ DKNG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Rule 10b5-1(c) Transaction Indication

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	02/13/2024		M		424	A	⁽¹⁾	50,826	D
Class A Common Stock								0⁽²⁾	I	Held by Atlas Venture Fund VIII, L.P.
Class A Common Stock								0⁽³⁾	I	Held by Accomplice Fund I, L.P.
Class A Common Stock								0⁽⁴⁾	I	Held by Accomplice Management Holdings, LLC
Class A Common Stock								0⁽⁵⁾	I	Held by Accomplice Fund II, L.P.
Class A Common Stock								0⁽⁶⁾	I	Held by Accomplice Management, LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾⁽⁷⁾	02/13/2024		A		424⁽⁸⁾		⁽⁹⁾	⁽⁹⁾	Class A Common Stock	424	$0.00	424	D
Restricted Stock Units	⁽¹⁾⁽⁷⁾	02/13/2024		M			424⁽⁸⁾	⁽⁹⁾	⁽⁹⁾	Class A Common Stock	424	$0.00	0	D

Explanation of Responses:

1. No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs").

2. As of December 9, 2023, Ryan Moore no longer retains any voting rights in, or investment control over, either Atlas Venture Associates VIII, L.P. ("Atlas Assoc VIII LP"), the sole general partner of Atlas Venture Fund VIII, L.P. ("Atlas VIII"), or Atlas Venture Associates VIII, Inc., the sole general partner of Atlas Assoc VIII LP, and Mr. Moore is therefore no longer a reporting person for shares held by Atlas VIII. No transfer of securities by Atlas VIII occurred in connection with the foregoing.

3. As of December 9, 2023, Ryan Moore no longer retains any voting rights in, or investment control over, Accomplice Associates I, LLC, the sole general partner of Accomplice Fund I, L.P. ("ACC I"), and Mr. Moore is therefore no longer a reporting person for shares held by ACC I. No transfer of securities by ACC I occurred in connection with the foregoing.

4. As of December 15, 2023, Ryan Moore no longer retains any voting rights in, or investment control over, Accomplice Management Holdings, LLC ("ACC Holdings"), and Mr. Moore is therefore no longer a reporting person for shares held by ACC Holdings. No transfer of securities by ACC Holdings occurred in connection with the foregoing.

5. As of December 9, 2023, Ryan Moore no longer retains any voting rights in, or investment control over, Accomplice Associates II, LLC, the sole general partner of Accomplice Fund II, L.P. ("ACC II"), and Mr. Moore is therefore no longer a reporting person for shares held by ACC II. No transfer of securities by ACC II occurred in connection with the foregoing.

6. As of December 31, 2023, Ryan Moore no longer retains any voting rights in, or investment control over, Accomplice Management, LLC ("Accomplice Management"), and Mr. Moore is therefore no longer a reporting person for shares held by Accomplice Management. No transfer of securities by Accomplice Management occurred in connection with the foregoing.

7. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.

8. Represents RSU grant that is being issued in lieu of a quarterly cash retainer.

9. The RSUs were granted and became fully vested on February 13, 2024.

	/s/ Ryan R Moore	02/14/2024
	** 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.