Kalish Matthew's Form 4 filing
DraftKings Inc. (DKNG) · filed Mar 4, 2025
- Accession no.
- 0001104659-25-020530
- Filed
- Mar 4, 2025
- Trade date
- Mar 1-4, 2025
- Filing delay
- 3 days
- Rule 10b5-1 plan
- Checked
This filing lists 21 non-derivative transactions and 9 derivative transactions. Open-market sales total $17.6M. It was filed 3 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 |
|---|---|
| Kalish MatthewCIK 0001810190 | Director, Officer (See Remarks) |
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 |
|---|---|---|---|---|---|---|---|---|
| Mar 1, 2025 | Class A Common Stock | MOption exerciseAcquired | +22,059 | –F1 | – | 4,143,732 | Direct | |
| Mar 1, 2025 | Class A Common Stock | FTax withholdingDisposed | −10,666 | $43.86 | −$467,810.76 | 4,133,066 | Direct | |
| Mar 1, 2025 | Class A Common Stock | MOption exerciseAcquired | +9,649 | –F2 | – | 4,142,715 | Direct | |
| Mar 1, 2025 | Class A Common Stock | FTax withholdingDisposed | −4,666 | $43.86 | −$204,650.76 | 4,138,049 | Direct | |
| Mar 3, 2025 | Class A Common Stock | MOption exerciseAcquired | +157,826 | $3.82 | +$602,895.32 | 4,295,875 | Direct | |
| Mar 3, 2025 | Class A Common Stock | MOption exerciseAcquired | +52,174 | $3.29 | +$171,652.46 | 4,348,049 | Direct | |
| Mar 3, 2025 | Class A Common Stock | SSaleDisposed | −50,532 | $41.84F5 | −$2,114,258.88 | 4,297,517 | Direct | |
| Mar 3, 2025 | Class A Common Stock | SSaleDisposed | −43,146 | $43.10F6 | −$1,859,592.6 | 4,254,371 | Direct | |
| Mar 3, 2025 | Class A Common Stock | SSaleDisposed | −116,322 | $44.05F7 | −$5,123,984.1 | 4,138,049 | Direct | |
| Mar 3, 2025 | Class A Common Stock | MOption exerciseAcquired | +3,251 | –F8 | – | 4,141,300 | Direct | |
| Mar 3, 2025 | Class A Common Stock | FTax withholdingDisposed | −791 | $47.29 | −$37,406.39 | 4,140,509 | Direct | |
| Mar 3, 2025 | Class A Common Stock | MOption exerciseAcquired | +40 | –F9 | – | 196,319 | Indirect | |
| Mar 3, 2025 | Class A Common Stock | FTax withholdingDisposed | −10 | $47.29 | −$472.9 | 196,309 | Indirect | |
| Mar 3, 2025 | Class A Common Stock | MOption exerciseAcquired | +3,883 | –F10 | – | 3,883 | Indirect | |
| Mar 3, 2025 | Class A Common Stock | FTax withholdingDisposed | −945 | $47.29 | −$44,689.05 | 2,938 | Indirect | |
| Mar 4, 2025 | Class A Common Stock | MOption exerciseAcquired | +189,927 | $3.29 | +$624,859.83 | 4,330,436 | Direct | |
| Mar 4, 2025 | Class A Common Stock | MOption exerciseAcquired | +20,073 | $3.29 | +$66,040.17 | 4,350,509 | Direct | |
| Mar 4, 2025 | Class A Common Stock | SSaleDisposed | −92,672 | $39.77F11 | −$3,685,565.44 | 4,257,837 | Direct | |
| Mar 4, 2025 | Class A Common Stock | SSaleDisposed | −50,530 | $40.91F12 | −$2,067,182.3 | 4,207,307 | Direct | |
| Mar 4, 2025 | Class A Common Stock | SSaleDisposed | −65,570 | $41.53F13 | −$2,723,122.1 | 4,141,737 | Direct | |
| Mar 4, 2025 | Class A Common Stock | SSaleDisposed | −1,228 | $42.28F14 | −$51,919.84 | 4,140,509 | 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 |
|---|---|---|---|---|---|---|---|---|
| Mar 1, 2025 | Class A Common Stock | MOption exerciseDisposed | −22,059 | $0.00 | $0 | 176,470 | Direct | |
| Mar 1, 2025 | Class A Common Stock | MOption exerciseDisposed | −9,649 | $0.00 | $0 | 115,794 | Direct | |
| Mar 3, 2025 | Class A Common Stock | MOption exerciseDisposed | −157,826 | $0.00 | $0 | 0 | Direct | |
| Mar 3, 2025 | Class A Common Stock | MOption exerciseDisposed | −52,174 | $0.00 | $0 | 189,927 | Direct | |
| Mar 3, 2025 | Class A Common Stock | MOption exerciseDisposed | −3,251 | $0.00 | $0 | 0 | Direct | |
| Mar 3, 2025 | Class A Common Stock | MOption exerciseDisposed | −40 | $0.00 | $0 | 0 | Indirect | |
| Mar 3, 2025 | Class A Common Stock | MOption exerciseDisposed | −3,883 | $0.00 | $0 | 0 | Indirect | |
| Mar 4, 2025 | Class A Common Stock | MOption exerciseDisposed | −189,927 | $0.00 | $0 | 0 | Direct | |
| Mar 4, 2025 | Class A Common Stock | MOption exerciseDisposed | −20,073 | $0.00 | $0 | 1,113,488 | 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 22,059 shares of Class A Common Stock underlying the RSUs listed in Table II, and 10,666 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.
- F2
No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 9,649 shares of Class A Common Stock underlying the RSUs listed in Table II, and 4,666 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.
- F5
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.53 to $42.46, 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 5, 6, 7, 11, 12, 13 and 14 to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F6
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $42.63 to $43.61, inclusive. See the last sentence of footnote 5 to this Form 4 above.
Referenced by the price of 1 transaction in Table I.
- F7
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $43.63 to $44.48, inclusive. See the last sentence of footnote 5 to this Form 4 above.
Referenced by the price of 1 transaction in Table I.
- F8
The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exchange of warrants for common stock for $11.50 per share on a cashless basis in a private transaction entered into between the Reporting Person and the Issuer. The Reporting Person received the net of 3,251 shares of Class A Common Stock underlying the warrants for common stock listed in Table II, and 791 shares of Class A Common Stock withheld by the issuer in consideration of the exercise of the warrants for common stock. Each warrant to purchase Class A Common Stock is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share.
Referenced by the price of 1 transaction in Table I.
- F9
The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exchange of warrants for common stock for $11.50 per share on a cashless basis in a private transaction entered into between the Reporting Person and the Issuer. The Reporting Person received the net of 40 shares of Class A Common Stock underlying the warrants for common stock listed in Table II, and 10 shares of Class A Common Stock withheld by the issuer in consideration of the exercise of the warrants for common stock. Each warrant to purchase Class A Common Stock is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share.
Referenced by the price of 1 transaction in Table I.
- F10
The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exchange of warrants for common stock for $11.50 per share on a cashless basis in a private transaction entered into between the Reporting Person and the Issuer. The Reporting Person received the net of 3,883 shares of Class A Common Stock underlying the warrants for common stock listed in Table II, and 945 shares of Class A Common Stock withheld by the issuer in consideration of the exercise of the warrants for common stock. Each warrant to purchase Class A Common Stock is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share.
Referenced by the price of 1 transaction in Table I.
- F11
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $39.27 to $40.26, inclusive. See the last sentence of footnote 5 to this Form 4 above.
Referenced by the price of 1 transaction in Table I.
- F12
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $40.27 to $41.26, inclusive. See the last sentence of footnote 5 to this Form 4 above.
Referenced by the price of 1 transaction in Table I.
- F13
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $41.27 to $42.15, inclusive. See the last sentence of footnote 5 to this Form 4 above.
Referenced by the price of 1 transaction in Table I.
- F14
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $42.28 to $42.37, inclusive. See the last sentence of footnote 5 to this Form 4 above.
Referenced by the price of 1 transaction in Table I.
Remarks
President, DraftKings, North America