Paul Liberman - 30 Sep 2021 Form 4 Insider Report for DraftKings Inc.

Role
President, Global Technology and Product, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
N/A
Transactions as of
30 Sep 2021
Net transactions value
-$3,807,170
Form type
4
Filing time
01 Oct 2021, 20:23:23 UTC
Previous filing
17 Sep 2021
Next filing
15 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise $222,118 +67,513 +5.1% $3.29* 1,398,960 30 Sep 2021 Direct F1
transaction DKNG Class A Common Stock Options Exercise $66,800 +17,487 +1.2% $3.82* 1,416,447 30 Sep 2021 Direct F1
transaction DKNG Class A Common Stock Sale $3,377,957 -70,257 -5% $48.08* 1,346,190 30 Sep 2021 Direct F2, F3
transaction DKNG Class A Common Stock Sale $718,132 -14,743 -1.1% $48.71* 1,331,447 30 Sep 2021 Direct F2, F4
holding DKNG Class A Common Stock 4,286 30 Sep 2021 Held by the Paul Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 272,357 30 Sep 2021 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 13,597 30 Sep 2021 Held by the Liberman Grantor Retained Annuity Trust of 2020
holding DKNG Class A Common Stock 200,000 30 Sep 2021 Held by the Rachel Nager Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 200,000 30 Sep 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 -67,513 -37% $0.000000 117,454 30 Sep 2021 Class A Common Stock 67,513 $3.29 Direct F1, F5
transaction DKNG Employee Stock Option Options Exercise $0 -17,487 -30% $0.000000 40,886 30 Sep 2021 Class A Common Stock 17,487 $3.82 Direct F1, 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 $47.555 to $48.55, 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 $48.555 to $48.96, inclusive.
F5 The options were granted on April 18, 2018. Of the remaining derivative securities following this transaction, 48,092 options have vested and are exercisable and 69,362 options remain unvested.
F6 The options are vested and currently exercisable.

Remarks:

President, Global Technology and Product