Park Jason's Form 4/A amendment
AmendedDraftKings Inc. (DKNG) · filed Jul 30, 2021
- Accession no.
- 0001104659-21-098444
- Filed
- Jul 30, 2021
- Trade date
- Jun 25, 2021
- Filing delay
- 35 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Jun 25, 2021
This filing lists 3 non-derivative transactions and 1 derivative transaction. Open-market sales total $2.76M. It was filed 35 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Park JasonCIK 0001810235 | Officer (Chief Financial Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 25, 2021 | Class A Common Stock | MOption exerciseAcquired | +53,350 | $4.70 | +$250,745 | 343,371 | Direct | |
| Jun 25, 2021 | Class A Common Stock | SSaleDisposed | −41,309 | $51.68F4 | −$2,134,849.12 | 302,062 | Direct | |
| Jun 25, 2021 | Class A Common Stock | SSaleDisposed | −12,041 | $52.13F5 | −$627,697.33 | 290,021 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 25, 2021 | Class A Common Stock | MOption exerciseDisposed | −53,350 | $0.00 | $0 | 326,338 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
On June 25, 2021, the Reporting Person filed a Form 4 which inadvertently omitted the exercise of 53,350 options by the Reporting Person. The shares of Class A Common Stock underlying those options were subsequently sold pursuant to a Rule 10b5-1 trading plan as reported in the original Form 4. This amendment to the original Form 4 is being filed solely to report the exercise of the employee stock options and the resulting increase in beneficial ownership of Class A Common Stock. The Reporting Person has not sold any additional shares of Class A Common Stock beyond those sales reported in the original Form 4.
- F2
These transactions were effected pursuant to a Rule 10b5-1 trading plan.
- F3
Represents shares of Class A Common Stock of the Issuer underlying options exercised by the Reporting Person.
- F4
The price reported in Column 4 is a weighted average price. These shares were obtained via an exercise and sell transaction and sold in multiple transactions at prices ranging from $51.015 to $52.01, 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 and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 4 and 5 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F5
The price reported in Column 4 is a weighted average price. These shares were obtained via an exercise and sell transaction and sold in multiple transactions at prices ranging from $52.015 to $52.30, inclusive.
Referenced by the price of 1 transaction in Table I.
- F6
The options are vested and currently exercisable.