Robins Jason bought DKNG

Footnotes

In a separate transaction on March 4, 2026, the Reporting Person entered into another prepaid variable forward sale contract with an unaffiliated third party buyer based on the closing price of the Issuer's Class A Common Stock on the Nasdaq Stock Market on March 4, 2026. The new contract obligates the Reporting Person to deliver to the buyer up to an aggregate 2,131,004 shares (the "Base Amount") of the Issuer's Class A Common Stock (or, at the Reporting Person's election, an equivalent amount of cash based on the market price of the Issuer's Class A Common Stock) on a settlement date of March 6, 2029 (the "Maturity Date"); (continued on footnote 6 to this Form 4); (Continued from footnote 5 to this Form 4) In exchange for assuming this obligation, the Reporting Person will receive a cash payment of $39,857,798 on March 5, 2026. The Reporting Person pledged 2,131,004 shares of the Issuer's Class A Common Stock (the "Pledged Shares") to secure his obligations under the contract, and retains voting rights in the Pledged Shares during the term of the pledge, but is obligated to pay to the buyer the economic benefits of dividends during the term of the pledge.; The number of shares of the Issuer's Class A Common Stock to be delivered by the Reporting Person to the buyer on the Maturity Date is to be generally determined as follows: (a) if the closing price of shares of the Issuer's Class A Common Stock on the Maturity Date (the "Settlement Price") is less than $39.98 ("Cap Level") but greater than $20.34 ("Floor Level"), the Reporting Person will deliver a number of shares of the Issuer's Class A Common Stock equal to the Base Amount multiplied by a ratio equal to the Floor Level divided by the Settlement Price; (continued on footnote 8 to this Form 4); (Continued from footnote 7 to this Form 4) (b) if the Settlement Price is equal to or greater than the Cap Level on the Maturity Date, the Reporting Person will deliver a number of shares of the Issuer's Class A Common Stock equal to the Base Amount multiplied by a ratio equal to a fraction with a numerator equal to the sum of (A) the Floor Level and (B) the excess, if any, of the Settlement Price over the Cap Level, and a denominator equal to the Settlement Price; and (c) if the Settlement Price is equal to or less than the Floor Level on the Maturity Date, the Reporting Person will deliver a number of shares of the Issuer's Class A Common Stock equal to the Base Amount.