<SEC-DOCUMENT>0001104659-23-124089.txt : 20231206
<SEC-HEADER>0001104659-23-124089.hdr.sgml : 20231206
<ACCEPTANCE-DATETIME>20231206200128
ACCESSION NUMBER:		0001104659-23-124089
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20231204
FILED AS OF DATE:		20231206
DATE AS OF CHANGE:		20231206

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Liberman Paul
		CENTRAL INDEX KEY:			0001810204

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41379
		FILM NUMBER:		231470860

	MAIL ADDRESS:	
		STREET 1:		222 BERKELEY STREET
		STREET 2:		FLOOR 5
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DraftKings Inc.
		CENTRAL INDEX KEY:			0001883685
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		222 BERKELEY STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
		BUSINESS PHONE:		(617) 986-6744

	MAIL ADDRESS:	
		STREET 1:		222 BERKELEY STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	New Duke Holdco, Inc.
		DATE OF NAME CHANGE:	20210917
</SEC-HEADER>
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<DESCRIPTION>OWNERSHIP DOCUMENT
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    <issuer>
        <issuerCik>0001883685</issuerCik>
        <issuerName>DraftKings Inc.</issuerName>
        <issuerTradingSymbol>DKNG</issuerTradingSymbol>
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            <rptOwnerName>Liberman Paul</rptOwnerName>
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            <rptOwnerStreet1>C/O DRAFTKINGS INC.</rptOwnerStreet1>
            <rptOwnerStreet2>222 BERKELEY STREET, 5TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>BOSTON</rptOwnerCity>
            <rptOwnerState>MA</rptOwnerState>
            <rptOwnerZipCode>02116</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>See Remarks</officerTitle>
            <otherText></otherText>
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    <aff10b5One>0</aff10b5One>

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                <transactionPricePerShare>
                    <value>35.53</value>
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                    <value>D</value>
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                </sharesOwnedFollowingTransaction>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
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                    <value>18545</value>
                </transactionShares>
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                    <value>36.52</value>
                    <footnoteId id="F5"/>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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                <sharesOwnedFollowingTransaction>
                    <value>694192</value>
                </sharesOwnedFollowingTransaction>
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                <directOrIndirectOwnership>
                    <value>D</value>
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        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A Common Stock</value>
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                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Held by the Paul Liberman 2015 Revocable Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A Common Stock</value>
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            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Held by the Paul Liberman 2020 Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A Common Stock</value>
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                    <value>13597</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Held by the Liberman Grantor Retained Annuity Trust of 2020</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
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                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Held by the Rachel Nager Liberman 2015 Revocable Trust</value>
                </natureOfOwnership>
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        </nonDerivativeHolding>
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            <securityTitle>
                <value>Class A Common Stock</value>
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                <directOrIndirectOwnership>
                    <value>I</value>
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                <natureOfOwnership>
                    <value>Held by the Paul Liberman 2020 Irrevocable Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Represents the vesting of the restricted stock units (&quot;RSUs&quot;) granted pursuant to the Issuer's 2020 Incentive Award Plan (the &quot;Plan&quot;), which vested upon the achievement of certain performance goals. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.</footnote>
        <footnote id="F2">Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. The &quot;sell to cover&quot; transactions were effected pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on September 14, 2021 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.73 to $36.72, 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 ranges set forth in footnotes 2, 3, 4 and 5 to this Form 4.</footnote>
        <footnote id="F3">Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. The &quot;sell to cover&quot; transactions were effected pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on September 14, 2021 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.73 to $37.03, inclusive. See the last sentence of footnote 2 above.</footnote>
        <footnote id="F4">Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. The &quot;sell to cover&quot; transactions were effected pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on September 14, 2021 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.99 to $35.98, inclusive. See the last sentence of footnote 2 above.</footnote>
        <footnote id="F5">Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. The &quot;sell to cover&quot; transactions were effected pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on September 14, 2021 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.00 to $36.86, inclusive. See the last sentence of footnote 2 above.</footnote>
    </footnotes>

    <remarks>President, Global Technology and Product</remarks>

    <ownerSignature>
        <signatureName>/s/ Faisal Hasan, attorney-in-fact</signatureName>
        <signatureDate>2023-12-06</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
