Draftkings Inc.

05/13/2025 | Press release | Distributed by Public on 05/13/2025 19:43

Statement of Changes in Beneficial Ownership (Form 4)

FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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
(Print or Type Responses)
1. Name and Address of Reporting Person *
Kalish Matthew
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
(Last) (First) (Middle)
C/O DRAFTKINGS INC., 222 BERKELEY STREET, 5TH FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
05/09/2025
(Street)
BOSTON, MA 02116
4. If Amendment, Date 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
(City) (State) (Zip)
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 05/09/2025 M 28,309 A (1) 4,168,818 D
Class A Common Stock 05/09/2025 F 13,688 D $36.23 4,155,130 D
Class A Common Stock 05/12/2025 M 210,000(2) A $3.29 4,365,130 D
Class A Common Stock 05/12/2025 S 199,933(3) D $37.83(4) 4,165,197 D
Class A Common Stock 05/12/2025 S 10,067(3) D $38.55(5) 4,155,130 D
Class A Common Stock 05/13/2025 M 210,000(2) A $3.29 4,365,130 D
Class A Common Stock 05/13/2025 S 210,000(3) D $37.83(6) 4,155,130 D
Class A Common Stock 196,309 I Held by Kalish Family 2020 Irrevocable Trusts
Class A Common Stock 2,938 I Held by Matthew P. Kalish 2020 Trust
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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 control number. SEC 1474 (9-02)
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 Underlying Securities
(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 of Derivative Security: 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
Restricted Stock Units (1) 05/09/2025 M 28,309 (7) (7) Class A Common Stock 28,309 $ 0 84,926 D
Stock option $3.29 05/12/2025 M 210,000 (8) 05/03/2028 Class A Common Stock 210,000 $ 0 903,488 D
Stock option $3.29 05/13/2025 M 210,000 (8) 05/03/2028 Class A Common Stock 210,000 $ 0 693,488 D

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Kalish Matthew
C/O DRAFTKINGS INC.
222 BERKELEY STREET, 5TH FLOOR
BOSTON, MA 02116
X See Remarks

Signatures

/s/ Faisal Hasan, attorney-in-fact 05/13/2025
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) 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 28,309 shares of Class A Common Stock underlying the RSUs listed in Table II, and 13,688 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.
(2) The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options and paid the aggregate exercise price and the tax withholding in cash.
(3) The reported sales were made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on November 27, 2024 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
(4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.43 to $38.40, 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 Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 4, 5 and 6 to this Form 4.
(5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $38.44 to $38.80, inclusive. See the last sentence of footnote 4 to this Form 4 above.
(6) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $37.22 to $38.15, inclusive. See the last sentence of footnote 4 to this Form 4 above.
(7) On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years.
(8) These stock options were granted on May 3, 2018. As of the date hereof, all of such remaining stock options have vested.

Remarks:
President - DraftKings, North America
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
Draftkings Inc. published this content on May 13, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on May 14, 2025 at 01:44 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at support@pubt.io