Paul Liberman - Feb 22, 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 22, 2023
Transactions value $
-$30,818
Form type
4
Date filed
2/24/2023, 07:01 PM
Previous filing
Mar 3, 2023
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +5.32K +0.55% 967K Feb 22, 2023 Direct F1
transaction DKNG Class A Common Stock Tax liability -$30.8K -1.58K -0.16% $19.53 965K Feb 22, 2023 Direct
holding DKNG Class A Common Stock 1.53M Feb 22, 2023 Held by the Paul Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 272K Feb 22, 2023 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 13.6K Feb 22, 2023 Held by the Liberman Grantor Retained Annuity Trust of 2020
holding DKNG Class A Common Stock 200K Feb 22, 2023 Held by the Rachel Nager Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 200K Feb 22, 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 -5.32K -11.11% $0.00 42.5K Feb 22, 2023 Class A Common Stock 5.32K 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 5,317 shares of Class A Common Stock underlying the RSUs listed in Table II, and 1,578 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 22, 2021, the Reporting Person was granted 85,078 RSUs vesting quarterly over 4 years.

Remarks:

President, Global Technology and Product