Paul Liberman - 28 Feb 2022 Form 4 Insider Report for DraftKings Inc.

Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
N/A
Transactions as of
28 Feb 2022
Net transactions value
-$13,334,602
Form type
4
Filing time
02 Mar 2022, 18:50:33 UTC
Previous filing
24 Feb 2022
Next filing
16 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Award $0 +500,000 +422% $0.000000 618,414 28 Feb 2022 Direct F1
transaction DKNG Class A Common Stock Award $0 +149,742 +24% $0.000000 768,156 28 Feb 2022 Direct F2
transaction DKNG Class A Common Stock Award $0 +500,000 +65% $0.000000 1,268,156 01 Mar 2022 Direct F1
transaction DKNG Class A Common Stock Award $0 +149,742 +12% $0.000000 1,417,898 01 Mar 2022 Direct F2
transaction DKNG Class A Common Stock Sale $3,923,610 -165,763 -12% $23.67* 1,252,135 01 Mar 2022 Direct F3
transaction DKNG Class A Common Stock Sale $2,783,606 -113,339 -9.1% $24.56* 1,138,796 01 Mar 2022 Direct F4
transaction DKNG Class A Common Stock Sale $5,115,055 -225,930 -20% $22.64* 912,866 02 Mar 2022 Direct F5
transaction DKNG Class A Common Stock Sale $1,488,231 -63,464 -7% $23.45* 849,402 02 Mar 2022 Direct F6
transaction DKNG Class A Common Stock Sale $24,100 -1,000 -0.12% $24.10* 848,402 02 Mar 2022 Direct F7
holding DKNG Class A Common Stock 1,227,494 28 Feb 2022 Held by the Paul Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 272,357 28 Feb 2022 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 13,597 28 Feb 2022 Held by the Liberman Grantor Retained Annuity Trust of 2020
holding DKNG Class A Common Stock 200,000 28 Feb 2022 Held by the Rachel Nager Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 200,000 28 Feb 2022 Held by the Paul Liberman 2020 Irrevocable Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of the restricted stock units ("RSUs") granted pursuant to the Issuer's 2020 Incentive Award Plan (the "Plan"), which vested upon the achievement of certain performance goals. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 Represents the vesting of the performance-based restricted stock units ("PSUs") granted pursuant to the Plan, which vested upon the achievement of certain performance criteria. Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.35 to $24.34, 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, 4, 5, 6 and 7 to this Form 4.
F4 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.35 to $25.00, inclusive.
F5 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.06 to $23.05, inclusive.
F6 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.06 to $24.05, inclusive.
F7 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.08 to $24.11, inclusive.

Remarks:

President, Global Technology and Product