DraftKings Inc

Securities Trading Plans of Directors and Executive Officers

Certain of our directors and executive officers have made, and may from time to time enter into trading plans or make elections to have shares sold or withheld to cover withholding taxes or pay the exercise price of options, which may be designed to satisfy the affirmative defense conditions of Rule 10b5-1 under the Exchange Act or may constitute non-Rule 10b5-1 trading arrangements (as defined in Item 408(c) of Regulation S-K).

During the fiscal quarter ended June 30, 2024, except as noted above, none of our directors or executive officers adopted or terminated any contract, instruction or written plan for the purchase or sale of Company securities that was designed to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any non-Rule 10b5-1 trading arrangement.

Chief Transformation Officer Letter Agreement

As previously announced on March 18, 2024, Jason Park transitioned to the role of the Company’s Chief Transformation Officer effective May 1, 2024. In connection with the transition, on July 31, 2024, the Company and Mr. Park entered into a letter agreement to memorialize the terms of his compensation for his new role (the “Letter Agreement”). Pursuant to the Letter Agreement, effective August 1, 2024, Mr. Park will receive an annual base salary of $350,000 and an annual target bonus opportunity equal to 100% of his base salary (which will, for purposes of the annual target bonus opportunity in respect of 2024, reflect the base salary earned in 2024), in each case, less all applicable withholdings and deductions. Additionally, to reflect the change in Mr. Park’s role, Mr. Park forfeited 50% of the performance-based restricted stock units granted to him on each of November 15, 2022 and February 13, 2023 that were eligible to vest based on the Company’s fiscal year 2026 performance. All other outstanding equity awards held by Mr. Park will continue to vest in accordance with their terms.