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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* Liberman Paul (Last) (First) (Middle) C/O DRAFTKINGS INC. 222 BERKELEY STREET, 5TH FLOOR (Street) BOSTON MA 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 X Officer (give title below) Other (specify below) See Remarks
	3. Date of Earliest Transaction (Month/Day/Year) 10/23/2020
	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

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	10/23/2020		M		695,525(1)	A	$0.26	2,407,822	D
Class A Common Stock	10/23/2020		M		46,748(1)	A	$0.63	2,454,570	D
Class A Common Stock	10/23/2020		M		21,252(1)	A	$0.63	2,475,822	D
Class A Common Stock	10/23/2020		M		6,240	A	(2)	2,482,062	D
Class A Common Stock	10/23/2020		F		2,768	D	$42.74	2,479,294	D
Class A Common Stock								4,286	I	Held by the Paul Liberman 2015 Revocable Trust
Class A Common Stock								272,357	I	Held by the Paul Liberman 2020 Trust
Class A Common Stock								13,597	I	Held by the Liberman Grantor Retained Annuity Trust of 2020

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option	$0.26	10/23/2020		M			695,525(1)	(3)	07/12/2023	Class A Common Stock	695,525	$0.00	0	D
Employee Stock Option	$0.63	10/23/2020		M			46,748(1)	(3)	09/22/2024	Class A Common Stock	46,748	$0.00	0	D
Employee Stock Option	$0.63	10/23/2020		M			21,252(1)	(3)	02/18/2025	Class A Common Stock	21,252	$0.00	53,990	D
Restricted Stock Units	(2)	10/23/2020		M			6,240	(4)	(4)	Class A Common Stock	6,240	$0.00	87,349	D

Explanation of Responses:

1. Represents shares of Class A Common Stock of the Issuer acquired from the exercise of options by the Reporting Person (the "Exercise"). No shares of Class A Common Stock were sold in connection with the Exercise. The Exercise is permitted by the Amended and Restated Lock-Up Agreement, dated October 6, 2020, between the Reporting Person and the Underwriters (as defined therein) (the "Lock-Up Agreement") and such shares of Class A Common Stock received by the Reporting Person in connection with the Exercise are subject to the restrictions set forth in the Lock-Up Agreement.

2. No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units other than to the Issuer to satisfy withholding taxes as allowed by the Lock-up Agreement. The Reporting Person received the net of the 6,240 shares of Class A Common Stock underlying the restricted stock units listed in Table II and 2,768 shares of Class A Common Stock withheld by the Issuer. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock, and such Reporting Person's shares of Class A Common Stock are subject to the restrictions set forth in the Lock-Up Agreement.

3. The options are vested and currently exercisable.

4. On August 11, 2020, the Reporting Person was granted 99,828 restricted stock units, vesting quarterly over 4 years from April 23, 2020, with any restricted stock units scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining restricted stock units occurring on October 23, 2020 and each quarter thereafter.

Remarks:

President, Global Technology and Product

	/s/ Faisal Hasan, attorney-in-fact	10/26/2020
	** 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).
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