Paul Liberman - 21 Nov 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
President, Global Technology and Product, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
21 Nov 2023
Net transactions value
-$99,446
Form type
4
Filing time
24 Nov 2023, 20:03:04 UTC
Previous filing
13 Nov 2023
Next filing
01 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +5,317 +3.1% 179,605 22 Nov 2023 Direct F1, F2
transaction DKNG Class A Common Stock Tax liability $99,446 -2,571 -1.4% $38.68 177,034 22 Nov 2023 Direct
holding DKNG Class A Common Stock 2,801,406 21 Nov 2023 Held by the Paul Liberman 2015 Revocable Trust F2
holding DKNG Class A Common Stock 274,617 21 Nov 2023 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 13,597 21 Nov 2023 Held by the Liberman Grantor Retained Annuity Trust of 2020
holding DKNG Class A Common Stock 200,000 21 Nov 2023 Held by the Rachel Nager Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 200,000 21 Nov 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 Stock Option Gift $0 -53,870 -100% $0.000000* 0 21 Nov 2023 Class A Common Stock 53,870 $0.6300 Held by the Liberman Grantor Retained Annuity Trust of 2020 F3, F4
transaction DKNG Stock Option Gift $0 +53,870 $0.000000 53,870 21 Nov 2023 Class A Common Stock 53,870 $0.6300 Held by the Paul Liberman 2020 Irrevocable Trust F3
transaction DKNG Stock Option Gift $0 -261,160 -100% $0.000000* 0 21 Nov 2023 Class A Common Stock 261,160 $3.82 Held by the Liberman Grantor Retained Annuity Trust of 2020 F3
transaction DKNG Stock Option Gift $0 +261,160 $0.000000 261,160 21 Nov 2023 Class A Common Stock 261,160 $3.82 Held by the Paul Liberman 2020 Irrevocable Trust F3
transaction DKNG Stock Option Gift $0 -184,968 -100% $0.000000* 0 21 Nov 2023 Class A Common Stock 184,968 $3.29 Held by the Liberman Grantor Retained Annuity Trust of 2020 F3
transaction DKNG Stock Option Gift $0 +184,968 $0.000000 184,968 21 Nov 2023 Class A Common Stock 184,968 $3.29 Held by the Paul Liberman 2020 Irrevocable Trust F3
transaction DKNG Stock Option Gift $0 -56,359 -100% $0.000000* 0 21 Nov 2023 Class A Common Stock 56,359 $4.70 Held by the Liberman Grantor Retained Annuity Trust of 2020 F3
transaction DKNG Stock Option Gift $0 +56,359 $0.000000 56,359 21 Nov 2023 Class A Common Stock 56,359 $4.70 Held by the Paul Liberman 2020 Irrevocable Trust F3
transaction DKNG Restricted Stock Units Options Exercise $0 -5,317 -17% $0.000000 26,587 22 Nov 2023 Class A Common Stock 5,317 Direct F1, F5
holding DKNG Stock Option 162,538 21 Nov 2023 Class A Common Stock 162,538 $0.6300 Direct F3, F6
holding DKNG Stock Option 191,226 21 Nov 2023 Class A Common Stock 191,226 $0.6300 Direct F3, F7
holding DKNG Stock Option 430,546 21 Nov 2023 Class A Common Stock 430,546 $0.6300 Direct F3, F4
* 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 2,571 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 Reflects transfer of 1,605,768 shares of Class A Common Stock that were previously reported as directly held by the Reporting Person to the Paul Liberman 2015 Revocable Trust, a revocable trust of which the Reporting Person is the lifetime beneficiary and sole trustee. There was no purchase or sale of shares of Class A Common Stock in connection with the transfer.
F3 These options are vested and currently exercisable.
F4 Reflects the transfer of 430,546 stock options previously reported as indirectly held by the Liberman Grantor Retained Annuity Trust of 2020 to the Reporting Person. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.
F5 On February 22, 2021, the Reporting Person was granted 85,078 RSUs vesting quarterly over 4 years.
F6 Reflects the transfer of 162,538 stock options previously reported as indirectly held by the Liberman Grantor Retained Annuity Trust of 2020 to the Reporting Person. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.
F7 Reflects the transfer of 191,226 stock options previously reported as indirectly held by the Liberman Grantor Retained Annuity Trust of 2020 to the Reporting Person. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.

Remarks:

President, Global Technology and Product