Dodge R Stanton's Form 4 filing
DraftKings Inc. (DKNG) · filed Nov 13, 2023
- Accession no.
- 0001104659-23-117435
- Filed
- Nov 13, 2023
- Trade date
- Nov 8-9, 2023
- Filing delay
- 5 days
- Rule 10b5-1 plan
- Not checked
This filing lists 4 non-derivative transactions and 2 derivative transactions. Open-market sales total $3.78M. It was filed 5 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 |
|---|---|
| Dodge R StantonCIK 0001404430 | Officer (Chief Legal 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 |
|---|---|---|---|---|---|---|---|---|
| Nov 8, 2023 | Class A Common Stock | MOption exerciseAcquired | +105,554 | $2.95 | +$311,384.3 | 758,538 | Direct | |
| Nov 8, 2023 | Class A Common Stock | SSaleDisposed | −105,554 | $35.82F4 | −$3,780,944.28 | 652,984 | Direct | |
| Nov 9, 2023 | Class A Common Stock | MOption exerciseAcquired | +14,155 | –F1 | – | 667,139 | Direct | |
| Nov 9, 2023 | Class A Common Stock | FTax withholdingDisposed | −6,193 | $34.81 | −$215,578.33 | 660,946 | 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 |
|---|---|---|---|---|---|---|---|---|
| Nov 8, 2023 | Class A Common Stock | MOption exerciseDisposed | −105,554 | $0.00 | $0 | 473,138 | Direct | |
| Nov 9, 2023 | Class A Common Stock | MOption exerciseDisposed | −14,155 | $0.00 | $0 | 127,389 | 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
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 14,155 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,193 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.
Referenced by the price of 1 transaction in Table I.
- F4
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.44 to $36.28, 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 this footnote 4 to this Form 4.
Referenced by the price of 1 transaction in Table I.