Paul Liberman - Sep 2, 2021 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
President, Global Technology and Product, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Sep 2, 2021
Transactions value $
-$5,131,981
Form type
4
Date filed
9/3/2021, 08:40 PM
Previous filing
Aug 24, 2021
Next filing
Sep 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise $37.9K +60.1K +4.51% $0.63* 1.39M Sep 2, 2021 Direct F1
transaction DKNG Class A Common Stock Options Exercise $15.7K +24.9K +1.79% $0.63* 1.42M Sep 2, 2021 Direct F1
transaction DKNG Class A Common Stock Sale -$1.69M -27.9K -1.97% $60.63* 1.39M Sep 2, 2021 Direct F2, F3
transaction DKNG Class A Common Stock Sale -$3.49M -57.1K -4.11% $61.19* 1.33M Sep 2, 2021 Direct F2, F4
holding DKNG Class A Common Stock 4.29K Sep 2, 2021 Held by the Paul Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 272K Sep 2, 2021 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 13.6K Sep 2, 2021 Held by the Liberman Grantor Retained Annuity Trust of 2020
holding DKNG Class A Common Stock 200K Sep 2, 2021 Held by the Rachel Nager Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 200K Sep 2, 2021 Held by the Paul Liberman 2020 Irrevocable Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DKNG Employee Stock Option Options Exercise $0 -60.1K -100% $0.00* 0 Sep 2, 2021 Class A Common Stock 60.1K $0.63 Direct F1, F5, F6
transaction DKNG Employee Stock Option Options Exercise $0 -24.9K -22.29% $0.00 86.8K Sep 2, 2021 Class A Common Stock 24.9K $0.63 Direct F1, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A Common Stock of the Issuer underlying options exercised by the Reporting Person.
F2 These transactions were effected pursuant to a Rule 10b5-1 trading plan.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.94 to $60.935, 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 range set forth in footnotes 3 and 4 to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.94 to $61.655, inclusive.
F5 The options are vested and currently exercisable.
F6 On July 29, 2021, the Liberman Grantor Retained Annuity Trust of 2020 contributed an aggregate of 117,784 options to be directly held by the Reporting Person, consisting of 60,104 options expiring on September 22, 2024 and 57,680 options expiring on February 18, 2025.

Remarks:

President, Global Technology and Product