FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Robins Jason
2. Issuer Name and Ticker or Trading Symbol

DraftKings Inc. [ DKNG ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
See Remarks
(Last)          (First)          (Middle)

C/O DRAFTKINGS INC., 222 BERKELEY STREET, 5TH FLOOR
3. Date of Earliest Transaction (MM/DD/YYYY)

4/23/2020
(Street)

BOSTON, MA 02116
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 4/23/2020  A  586696 A (1)586696 D  
Class A Common Stock 4/23/2020  A  20377 A (2)20377 I Held by Jason Robins Revocable Trust u/d/t January 8, 2014 
Class A Common Stock 4/23/2020  A  707256 A (3)707256 I Held by Robins Family Trust LLC 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option $0.26 4/23/2020  A   530442     (4)7/12/2023 Class A Common Stock 530442  (5)530442 D  
Stock Option $0.63 4/23/2020  A   61884     (4)9/22/2024 Class A Common Stock 61884  (6)61884 D  
Stock Option $0.63 4/23/2020  A   79567     (4)9/22/2024 Class A Common Stock 79567  (7)79567 I Held by Robins Grantor Retained Annuity Trust of 2020 
Stock Option $0.63 4/23/2020  A   83977     (4)2/18/2025 Class A Common Stock 83977  (8)83977 D  
Stock Option $0.63 4/23/2020  A   506947     (4)2/18/2025 Class A Common Stock 506947  (9)506947 I Held by Robins Grantor Retained Annuity Trust of 2020 
Stock Option $0.63 4/23/2020  A   5593     (4)8/27/2025 Class A Common Stock 5593  (10)5593 D  
Stock Option $0.63 4/23/2020  A   289813     (4)8/27/2025 Class A Common Stock 289813  (11)289813 I Held by Robins Grantor Retained Annuity Trust of 2020 
Stock Option $0.63 4/23/2020  A   390387     (4)3/24/2026 Class A Common Stock 390387  (12)390387 D  
Stock Option $0.63 4/23/2020  A   1286925     (4)3/24/2026 Class A Common Stock 1286925  (13)1286925 I Held by Robins Grantor Retained Annuity Trust of 2020 
Stock Option $3.82 4/23/2020  A   892200     (14)5/3/2027 Class A Common Stock 892200  (15)892200 D  
Stock Option $3.28 4/23/2020  A   908789     (16)4/18/2028 Class A Common Stock 908789  (17)908789 D  
Stock Option $3.28 4/23/2020  A   462420     (4)4/18/2028 Class A Common Stock 462420  (18)462420 D  
Stock Option $3.28 4/23/2020  A   7559216     (19)5/3/2028 Class A Common Stock 7559216  (20)7559216 D  
Stock Option $4.70 4/23/2020  A   1119825     (21)6/4/2029 Class A Common Stock 1119825  (22)1119825 D  
Stock Option $4.70 4/23/2020  A   559913     (23)6/4/2029 Class A Common Stock 559913  (24)559913 D  
Restricted Stock Units  (25)4/23/2020  A   5221221     (26) (26)Class A Common Stock 5221221 $0.00 (27)5221221 D  
Warrant for Common Stock $11.50 (28)4/23/2020  A   3610    5/23/2020 (29)4/23/2025 (29)Class A Common Stock 3610 $0.00 (30)3610 D  
Warrant for Common Stock $11.50 (28)4/23/2020  A   125    5/23/2020 (29)4/23/2025 (29)Class A Common Stock 125 $0.00 (30)125 I Held by Jason Robins Revocable Trust u/d/t January 8, 2014 
Warrant for Common Stock $11.50 (28)4/23/2020  A   4335    5/23/2020 (29)4/23/2025 (29)Class A Common Stock 4335 $0.00 (30)4335 I Held by Robins Family Trust LLC 
Earnout Rights  (31)4/23/2020  J (31)  171354     (31)4/23/2024 Class A Common Stock 171354  (31)1 D  
Earnout Rights  (32)4/23/2020  J (32)  190     (32)4/23/2024 Class A Common Stock 190  (32)1 I Held by Jason Robins Revocable Trust u/d/t January 8, 2014 
Earnout Rights  (33)4/23/2020  J (33)  6594     (33)4/23/2024 Class A Common Stock 6594  (33)1 I Held by Robins Family Trust LLC 
Earnout Rights  (34)4/23/2020  J (34)  20168     (34)4/23/2024 Class A Common Stock 20168  (34)1 I Held by Robins Grantor Retained Annuity Trust of 2020 

Explanation of Responses:
(1) Received in exchange for 1,659,078 shares of common stock of DraftKings Inc., a Delaware corporation ("Former DraftKings"), pursuant to the Business Combination Agreement, dated as of December 22, 2019, by and among Diamond Eagle Acquisition Corp. ("DEAC"), Former DraftKings, SBTech (Global) Limited, a company limited by shares incorporated in Gibraltar and continued as a company under the Isle of Man Companies Act 2006 ("SBT"), the shareholders of SBT ("SBT Sellers"), Shalom Meckenzie, in his capacity as the SBT Sellers' representative, DEAC NV Merger Corp., a Nevada corporation and a wholly-owned subsidiary of DEAC (and upon consummation of the business combination, the surviving "Issuer" as renamed "DraftKings Inc."), and DEAC Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of DEAC (as amended by Amendment No. 1, dated as of April 7, 2020, the "BCA").
(2) Received in exchange for 18,400 shares of Former DraftKings common stock and 39,222 shares of Former DraftKings Series F Preferred Stock pursuant to the BCA.
(3) Received in exchange for 2,000,000 shares of Former DraftKings common stock pursuant to the BCA.
(4) The options are vested and currently exercisable.
(5) Received pursuant to the BCA in exchange for an option to purchase 1,500,000 shares of Former DraftKings common stock.
(6) Received pursuant to the BCA in exchange for an option to purchase 175,000 shares of Former DraftKings common stock.
(7) Received pursuant to the BCA in exchange for an option to purchase 225,000 shares of Former DraftKings common stock.
(8) Received pursuant to the BCA in exchange for an option to purchase 237,474 shares of Former DraftKings common stock.
(9) Received pursuant to the BCA in exchange for an option to purchase 1,433,558 shares of Former DraftKings common stock.
(10) Received pursuant to the BCA in exchange for an option to purchase 15,818 shares of Former DraftKings common stock.
(11) Received pursuant to the BCA in exchange for an option to purchase 819,540 shares of Former DraftKings common stock.
(12) Received pursuant to the BCA in exchange for an option to purchase 1,103,950 shares of Former DraftKings common stock.
(13) Received pursuant to the BCA in exchange for an option to purchase 3,639,205 shares of Former DraftKings common stock.
(14) The options were granted on May 3, 2017. 669,149 options have vested. The remaining options will vest in four (4) equal quarterly installments beginning on June 1, 2020.
(15) Received pursuant to the BCA in exchange for an option to purchase 2,522,989 shares of Former DraftKings common stock.
(16) The options were granted on April 18, 2018. 454,395 options have vested. The remaining 454,395 options will vest in eight (8) equal quarterly installments beginning on July 1, 2020.
(17) Received pursuant to the BCA in exchange for an option to purchase 2,569,902 shares of Former DraftKings common stock.
(18) Received pursuant to the BCA in exchange for an option to purchase 1,307,645 shares of Former DraftKings common stock.
(19) The options were granted on May 3, 2018 and will vest subject to satisfaction of certain performance thresholds.
(20) Received pursuant to the BCA in exchange for an option to purchase 21,376,180 shares of Former DraftKings common stock.
(21) The options were granted on June 4, 2019. 209,967 options have vested. The remaining options will vest in thirteen (13) equal quarterly installments beginning on June 1, 2020.
(22) Received pursuant to the BCA in exchange for an option to purchase 3,166,675 shares of Former DraftKings common stock.
(23) The options were granted on June 4, 2019 and will vest subject to satisfaction of certain performance thresholds.
(24) Received pursuant to the BCA in exchange for an option to purchase 1,583,338 shares of Former DraftKings common stock.
(25) Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
(26) The restricted stock units were granted on February 13, 2020 and will vest subject to satisfaction of certain performance thresholds.
(27) Received pursuant to the BCA in exchange for 14,764,628 restricted stock units of Former DraftKings.
(28) Each warrant is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share, subject to adjustment.
(29) Each warrant becomes exercisable 30 days after the completion of the business combination and expires five years after the completion of the business combination or earlier upon redemption or liquidation, as described under the heading "Description of New DraftKings Securities - Warrants" in the Registration Statement on Form S-4 (File No. 333-235805).
(30) Received pursuant to the BCA.
(31) On April 23, 2020 (the "Closing Date"), Mr. Robins received the right to acquire 171,354 shares of the Issuer's Class A Common Stock pursuant to the BCA, (i) one-third of which will be released from escrow if (a) the volume weighted average share price of Class A Common Stock for at least 20 of any 30 consecutive trading days following the Closing Date (the "VWAP") is at least $12.50 or (b) the Issuer consummates a transaction resulting in its stockholders being able to exchange their shares for cash, securities or other property with a per share value ("Qualifying Value") of at least $12.50; (ii) one-third if (a) the VWAP is at least $14.00 or (b) the Issuer consummates a transaction with a Qualifying Value of at least $14.00; and (iii) one-third if (a) the VWAP is at least $16.00 or (b) the Issuer consummates a transaction with a Qualifying Value of at least $16.00. Any shares not eligible to be released within 4 years of the Closing Date will be forfeited and canceled.
(32) On the Closing Date, Jason Robins Revocable Trust u/d/t January 8, 2014 received the right to acquire 190 shares of the Issuer's Class A Common Stock, pursuant to the BCA, which are currently being held in escrow and which will be released upon the occurrence of the events described in footnote 31.
(33) On the Closing Date, Robins Family Trust LLC received the right to acquire 6,594 shares of the Issuer's Class A Common Stock, pursuant to the BCA, which are currently being held in escrow and which will be released upon the occurrence of the events described in footnote 31.
(34) On the Closing Date, the Robins Grantor Retained Annuity Trust of 2020 received the right to acquire 20,168 shares of the Issuer's Class A Common Stock, pursuant to the BCA, which are currently being held in escrow and which will be released upon the occurrence of the events described in footnote 31.

Remarks:
Chief Executive Officer and Chairman of the Board. In addition, Jason Robins is the sole holder of 393,013,951 shares of Class B Common Stock of the Issuer, which are not registered securities.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Robins Jason
C/O DRAFTKINGS INC.
222 BERKELEY STREET, 5TH FLOOR
BOSTON, MA 02116
X
See Remarks

Signatures
/s/ Faisal Hasan, attorney-in-fact4/27/2020
**Signature of Reporting PersonDate

Diamond Eagle Acquisition (NASDAQ:DEACW)
Historical Stock Chart
From Jul 2024 to Aug 2024 Click Here for more Diamond Eagle Acquisition Charts.
Diamond Eagle Acquisition (NASDAQ:DEACW)
Historical Stock Chart
From Aug 2023 to Aug 2024 Click Here for more Diamond Eagle Acquisition Charts.