Salter John S.'s Form 4 filing
DraftKings Inc. (DKNG) · filed Aug 27, 2021
- Accession no.
- 0001104659-21-110674
- Filed
- Aug 27, 2021
- Trade date
- Aug 25-27, 2021
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 4 non-derivative transactions. Open-market sales total $7.26M. It was filed 2 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 |
|---|---|
| Salter John S.CIK 0001810211 | Director |
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 |
|---|---|---|---|---|---|---|---|---|
| Aug 25, 2021 | Class A Common Stock | SSaleDisposed | −12,637 | $60.03F1 | −$758,599.11 | 16,743,300 | Indirect | |
| Aug 25, 2021 | Class A Common Stock | JOtherDisposed | −4,446,336 | –F3 | – | 12,296,964 | Indirect | |
| Aug 26, 2021 | Class A Common Stock | SSaleDisposed | −77,052 | $60.12F4 | −$4,632,366.24 | 12,219,912 | Indirect | |
| Aug 27, 2021 | Class A Common Stock | SSaleDisposed | −31,227 | $60.00F6 | −$1,873,620 | 12,188,685 | Indirect |
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
This price is a weighted average price. These shares (the "Shares") of Class A Common Stock of DraftKings Inc. were sold in multiple transactions at prices ranging from $60.00 to $60.14, inclusive. The reporting person undertakes to provide Issuer, 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 ranges set forth in this explanatory note.
Referenced by the price of 1 transaction in Table I.
- F3
On March 19, 2021, each of RPII DK LLC (the "LLC") and Raine Partners II LP ("Raine Partners II") adopted a Plan. On August 25, 2021, the LLC distributed pursuant to its Plan 5,525,289 Shares to Raine Partners II, its sole member, for no consideration. On the same date, Raine Partners II distributed pursuant to its Plan 4,446,336 Shares to its unaffiliated partners, pro rata in accordance with their respective interests in Raine Partners II for no consideration, and 1,078,953 Shares to Raine Associates II LP ("Raine Associates") for no consideration.
Referenced by the price of 1 transaction in Table I.
- F4
This price is a weighted average price. These Shares were sold in multiple transactions at prices ranging from $60.00 to $60.32, inclusive. The reporting person undertakes to provide Issuer, 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 ranges set forth in this explanatory note.
Referenced by the price of 1 transaction in Table I.
- F6
This price is a weighted average price. These Shares were sold in multiple transactions at prices ranging from $60.00 to $60.03, inclusive. The reporting person undertakes to provide Issuer, 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 ranges set forth in this explanatory note.
Referenced by the price of 1 transaction in Table I.