Paul Liberman - Feb 9, 2023 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
Feb 9, 2023
Transactions value $
-$141,183
Form type
4
Date filed
2/13/2023, 07:01 PM
Previous filing
Jan 25, 2023
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +28.3K +3.01% 970K Feb 9, 2023 Direct F1
transaction DKNG Class A Common Stock Tax liability -$141K -8.54K -0.88% $16.53 962K Feb 9, 2023 Direct
holding DKNG Class A Common Stock 1.53M Feb 9, 2023 Held by the Paul Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 272K Feb 9, 2023 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 13.6K Feb 9, 2023 Held by the Liberman Grantor Retained Annuity Trust of 2020
holding DKNG Class A Common Stock 200K Feb 9, 2023 Held by the Rachel Nager Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 200K Feb 9, 2023 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 Restricted Stock Units Options Exercise $0 -28.3K -7.69% $0.00 340K Feb 9, 2023 Class A Common Stock 28.3K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 28,309 shares of Class A Common Stock underlying the RSU listed in Table II, and 8,541 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years.

Remarks:

President, Global Technology and Product