Paul Liberman - Feb 13, 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 13, 2023
Transactions value $
$112,522
Form type
4
Date filed
3/3/2023, 07:12 PM
Previous filing
Feb 13, 2023
Next filing
Feb 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise $24.2K +7.36K +0.44% $3.29* 1.68M Mar 1, 2023 Direct F1
transaction DKNG Class A Common Stock Options Exercise $88.3K +18.8K +1.12% $4.70* 1.69M Mar 1, 2023 Direct F1
holding DKNG Class A Common Stock 1.53M Feb 13, 2023 Held by the Paul Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 272K Feb 13, 2023 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 13.6K Feb 13, 2023 Held by the Liberman Grantor Retained Annuity Trust of 2020
holding DKNG Class A Common Stock 200K Feb 13, 2023 Held by the Rachel Nager Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 200K Feb 13, 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 Award $0 -353K -50% $0.00 353K Feb 13, 2023 Class A Common Stock 353K Direct F2, F3
transaction DKNG Stock Option Options Exercise $0 -7.36K -100% $0.00* 0 Mar 1, 2023 Class A Common Stock 7.36K $3.29 Direct F1, F4
transaction DKNG Stock Option Options Exercise $0 -18.8K -88.19% $0.00 2.52K Mar 1, 2023 Class A Common Stock 18.8K $4.70 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options in an exercise-and-hold transaction, and paid the aggregate exercise price in cash.
F2 Each restricted stock right ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3 On February 13, 2023, the Reporting Person was granted 352,941 RSUs vesting quarterly over four (4) years.
F4 These stock options were granted on April 18, 2018. As of the date hereof, these stock options are vested and currently exercisable.
F5 These stock options were granted on June 4, 2019. As of the date hereof, 18,786 of such remaining stock options have vested. The remaining stock options will vest on June 1, 2023.

Remarks:

President, Global Technology and Product