Paul Liberman - Sep 30, 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 30, 2021
Transactions value $
-$3,807,170
Form type
4
Date filed
10/1/2021, 08:23 PM
Previous filing
Sep 17, 2021
Next filing
Oct 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise $222K +67.5K +5.07% $3.29* 1.4M Sep 30, 2021 Direct F1
transaction DKNG Class A Common Stock Options Exercise $66.8K +17.5K +1.25% $3.82* 1.42M Sep 30, 2021 Direct F1
transaction DKNG Class A Common Stock Sale -$3.38M -70.3K -4.96% $48.08* 1.35M Sep 30, 2021 Direct F2, F3
transaction DKNG Class A Common Stock Sale -$718K -14.7K -1.1% $48.71* 1.33M Sep 30, 2021 Direct F2, F4
holding DKNG Class A Common Stock 4.29K Sep 30, 2021 Held by the Paul Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 272K Sep 30, 2021 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 13.6K Sep 30, 2021 Held by the Liberman Grantor Retained Annuity Trust of 2020
holding DKNG Class A Common Stock 200K Sep 30, 2021 Held by the Rachel Nager Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 200K Sep 30, 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 -67.5K -36.5% $0.00 117K Sep 30, 2021 Class A Common Stock 67.5K $3.29 Direct F1, F5
transaction DKNG Employee Stock Option Options Exercise $0 -17.5K -29.96% $0.00 40.9K Sep 30, 2021 Class A Common Stock 17.5K $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