DraftKings Inc.

National Storage Mechanism | Additional information

RNS Number : 8900P

DraftKings Inc.

22 October 2021

FORM 8 (DD)

PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)

Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")

1. KEY INFORMATION


(a) Full name of discloser:	Jason Robins
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	DraftKings Inc.
(d) Status of person making the disclosure: e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify name of offeror/offeree)	Person acting in concert with the offeror (DraftKings Inc.)
(e) Date dealing undertaken:	21 October 2021
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A"	No

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing


Class of relevant security:	Class A common stock, par value $0.0001 each
	Interests		Short positions
Number	%	Number	%
(1) Relevant securities owned and/or controlled:	3,836,502	0.945	Nil	-
(2) Cash-settled derivatives:	Nil	-	Nil	-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	-	Nil	-
TOTAL:	3,836,502	0.945	Nil	-


Class of relevant security:	Class B common stock, par value $0.0001 each
	Interests		Short positions
Number	%	Number	%
(1) Relevant securities owned and/or controlled:	393,013,951	100	Nil	-
(2) Cash-settled derivatives:	Nil	-	Nil	-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	-	Nil	-
TOTAL:	393,013,951	100	Nil	-

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b) Rights to subscribe for new securities (including directors' and other employee options)

(i) Stock options

Class of relevant security in relation to which subscription right exists:

Class A common stock, par value $0.0001 each

Details, including nature of the rights concerned and relevant percentages:


Grant Date	Expiry Date	Number of Options	Exercise Price	Vesting
03/05/2017	03/05/2017	154,189	$3.82	Fully Vested
18/04/2018	18/04/2028	30,484	$3.29	All options vest on 01/01/2022
18/04/2018	18/04/2028	367,109	$3.29	(i) 26,315 options vest on 01/01/2022, (iii) 56,799 options vest on 01/04/2022, (iv) 283,995 options have vested
04/06/2019	04/06/2029	21,302	$4.70	All options vest on 03/01/2023
04/06/2019	04/06/2029	818,565	$4.70	(i) 69,989 options vest on 01/12/2021, (ii) 69,989 options vest on 01/03/2022, (iii) 69,989 options vest on 01/06/2022, (iv) 69,989 options vest on 01/09/2022, (v) 69,989 options vest on 01/12/2022, (vi) 48,686 options vest on 01/03/2023, (vii) 69,689 options vest on 01/06/2023, (viii) 349,945 options have vested
10/02/2016	18/02/2025	187,787	$0.63	Fully Vested
24/03/2016	24/03/2026	19,270	$0.63	Fully Vested
03/05/2017	03/05/2017	354,097	$3.82	Fully Vested
18/04/2018	18/04/2028	584,498	$3.29	(i) 13,873 options vest on 01/01/2022, (ii) 13,872 options vest on 01/04/2022, (iii) 556,753 options have vested
03/05/2018	03/05/2018	1,511,843	$3.29	Fully Vested
04/06/2019	04/06/2029	707,254	$4.70	(i) 18,786 options vest on 01/12/2021, (ii) 18,787 options vest on 01/03/2022, (iii) 18,786 options vest on 01/06/2022, (iv) 18,786 options vest on 01/09/2022, (v) 18,786 options vest on 01/12/2022, (vi) 18,786 options vest on 01/03/2023, (vii) 18,786 options vest on 01/06/2023, (viii) 575,751 options have vested

(ii) DraftKings Inc. restricted stock units (RSUs)

Class of relevant security in relation to which subscription right exists:

Class A common stock, par value $0.0001 each

Details, including nature of the rights concerned and relevant percentages:


Grant Date	Number of shares RSUs	Vesting
11/08/2020	185,396	The RSUs may vest based on performance criteria.
11/08/2020	127,460	The RSUs vest in equal instalments on 23/10/2021, 23/01/2022, 23/04/2022, 23/07/2022, 23/10/2022, 23/01/2023, 23/04/2023, 23/07/2023, 23/10/2023, 23/01/2024, 23/04/2024.
27/12/2020	3,000,000	The RSUs may vest based on performance criteria.
22/02/2021	93,586	The RSUs may vest based on performance criteria.
22/02/2021	81,888	The RSUs vest in equal instalments on 22/11/2021, 22/02/2022, 22/05/2022, 22/08/2022, 22/11/2022, 22/02/2023, 22/05/2023, 22/08/2023, 22/11/2023, 22/02/2024, 22/05/2024, 22/08/2024, 22/11/2024, 22/02/2025.

(iii) Private warrants(1)

Class of relevant security in relation to which subscription right exists:

Class A common stock, par value $0.0001 each

Details, including nature of the rights concerned and relevant percentages:


Expiry Date	Number of Warrants	Exercise Price
23/05/2025	3,610	$11.50

Notes

(1) Each warrant entitles the holder to purchase one share of the offeror's Class A common stock at an exercise price of $11.50 per share, subject to adjustment procedures. The warrants became exercisable on 23 May 2020 and will expire on 23 April 2025, or earlier upon redemption or liquidation.

3. DEALINGS BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

(i) Party to an offer or person acting in concert (except for a principal trader in the same group as a connected adviser)


Class of relevant security	Purchase/sale(1)	Number of securities	Price per unit ($)
Class A common stock, par value $0.0001 each	Sale	208	49.685
Sale	804	48.915
Sale	1,313	49.41
Sale	2,264	49.235
Sale	1,150	48.84
Sale	113	49.015
Sale	6,546	49.33
Sale	1,046	48.855
Sale	963	48.79
Sale	300	49.555
Sale	714	49.84
Sale	1,959	49.145
Sale	1,071	49.195
Sale	2,085	48.88
Sale	3,611	49.45
Sale	126	49.675
Sale	4,285	49.46
Sale	479	48.805
Sale	4,952	49.32
Sale	4,092	49.37
Sale	1,302	49.315
Sale	110	49.065
Sale	3,897	49.24
Sale	1,592	49.56
Sale	737	49.445
Sale	1,760	49.75
Sale	108	49.605
Sale	3,800	49.13
Sale	265	49.485
Sale	530	49.4
Sale	7,082	49.14
Sale	108	49.04
Sale	4,084	49.18
Sale	947	49.205
Sale	407	48.99
Sale	6,231	49.44
Sale	4,404	49.65
Sale	2,250	49.09
Sale	875	48.9
Sale	217	49.745
Sale	104	49.755
Sale	915	49.165
Sale	355	49.825
Sale	1,381	49.47
Sale	1,721	49.335
Sale	7,800	49.34
Sale	747	49.185
Sale	1,380	49.42
Sale	4,320	49.22
Sale	200	49.695
Sale	1,456	49.505
Sale	1,029	49.07
Sale	826	48.93
Sale	2,852	49.78
Sale	1,181	49.125
Sale	2,573	49.27
Sale	871	48.94
Sale	4,685	49.51
Sale	745	49.265
Sale	7	49.765
Sale	205	48.795
Sale	2,568	49.39
Sale	168	48.76
Sale	1,400	49.435
Sale	601	49.76
Sale	336	49.29
Sale	3,028	49.64
Sale	4,184	49.59
Sale	2,833	48.89
Sale	1,710	49.525
Sale	2,812	49.095
Sale	200	49.795
Sale	1,502	49.355
Sale	3,060	49.69
Sale	653	49.425
Sale	2,997	49.49
Sale	200	48.83
Sale	4,203	49.43
Sale	3,636	49.58
Sale	845	49.285
Sale	297	49.225
Sale	999	49.135
Sale	100	49.645
Sale	918	49.73
Sale	558	49.715
Sale	400	48.825
Sale	3,523	49.54
Sale	482	49.155
Sale	358	49.515
Sale	546	49.405
Sale	782	49.465
Sale	200	48.975
Sale	1,034	48.77
Sale	425	49.035
Sale	337	48.97
Sale	2,623	49.52
Sale	375	49.08
Sale	723	49.045
Sale	192	49.0075
Sale	300	48.845
Sale	44	48.935
Sale	3,743	49.16
Sale	1,653	49.365
Sale	204	49.635
Sale	914	49.77
Sale	719	49.03
Sale	3,092	49.38
Sale	882	49.585
Sale	619	49.005
Sale	1,467	49.8
Sale	300	49.615
Sale	904	49.325
Sale	1,764	49.74
Sale	551	49.735
Sale	951	49.475
Sale	1,501	49.67
Sale	220	48.895
Sale	3,792	49.12
Sale	1,078	49.55
Sale	1,657	49.83
Sale	421	49.345
Sale	100	49.025
Sale	400	48.875
Sale	952	48.865
Sale	600	49.085
Sale	992	48.815
Sale	1,508	49.175
Sale	401	49.535
Sale	1,200	49.565
Sale	1,365	49.115
Sale	1,746	49.26
Sale	1,054	49.06
Sale	1,194	48.82
Sale	633	49.275
Sale	4,140	49.66
Sale	4,616	49.17
Sale	2,888	49.11
Sale	1,360	48.8
Sale	989	49.68
Sale	300	49.495
Sale	882	49.01
Sale	9,884	49.15
Sale	2,258	49.28
Sale	7	49.835
Sale	1,233	48.885
Sale	3,805	49.31
Sale	377	49.415
Sale	799	48.78
Sale	1,066	48.85
Sale	3,459	49.21
Sale	3,984	49.53
Sale	1,434	49.3
Sale	2,903	49.6
Sale	3,577	49.7
Sale	3,424	49.02
Sale	258	49.725
Sale	3,788	49.63
Sale	554	48.835
Sale	206	49.595
Sale	3,952	49.57
Sale	1,428	49.25
Sale	100	48.945
Sale	895	49.245
Sale	200	48.785
Sale	1,499	49.305
Sale	1,418	49.62
Sale	5,685	49.2
Sale	5,806	49.35
Sale	618	49.655
Sale	417	49.295
Sale	812	49.455
Sale	3,590	49.36
Sale	743	49
Sale	100	49.105
Sale	438	49.79
Sale	100	49.775
Sale	3,490	48.87
Sale	621	49.375
Sale	6,662	49.5
Sale	100	49.665
Sale	4,172	49.19
Sale	330	48.95
Sale	1,144	49.72
Sale	1,169	49.215
Sale	3,104	49.23
Sale	2,617	49.05
Sale	1,016	49.625
Sale	2,274	49.48
Sale	1,192	48.81
Sale	2,072	49.1
Sale	1,304	48.91
Sale	200	49.575
Sale	2,099	49.61
Sale	2,900	48.86
Sale	289	49.055
Sale	536	48.775
Sale	1,258	49.71
Sale	1,307	48.905
Sale	351	48.92
Sale	407	49.705
Sale	200	49.785
Sale	1,321	49.82
Sale	338	49.385

Notes

(1) These dealings were carried out pursuant to Mr Robins' existing Rule 10b5-1 plan.

(ii) Principal trader where the sole reason for the connection is that the principal trader is in the same group as a connected adviser


Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received

(b) Cash-settled derivative transactions


Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit

(i) Writing, selling, purchasing or varying


Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit

(ii) Exercise


Class of relevant security	Product description e.g. call option	Exercising/ exercised against(1)	Number of securities	Exercise price per unit

(d) Other dealings (including subscribing for new securities)


Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements


Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer or person acting in concert making the disclosure and any other person: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"
None.

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer or person acting in concert making the disclosure and any other person:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

None.

(b) Agreements, arrangements or understandings relating to options or derivatives


Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer or person acting in concert making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"
None.

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer or person acting in concert making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

None.

Are any Supplemental Forms attached?


Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO


###### Date of disclosure:	22 October 2021
###### Contact name:	Joe DeCristofaro, Investor Relations
###### Telephone number:	+1 617 986 6744

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DCCFFFFVIDLLFIL

AI Terminal

30277_rns_2021-10-22_8c612da8-5763-4726-9688-88b2baf4a866.html

More from DraftKings Inc.

Talk to a Data Expert