Paul Liberman - Dec 4, 2023 Form 4 Insider Report for DraftKings Inc. (DKNG)

Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Dec 4, 2023
Transactions value $
-$17,799,805
Form type
4
Date filed
12/6/2023, 08:01 PM
Previous filing
Dec 1, 2023
Next filing
Jan 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Award $0 +500K +265.36% $0.00 688K Dec 4, 2023 Direct F1
transaction DKNG Class A Common Stock Sale -$8.12M -223K -32.43% $36.38 465K Dec 5, 2023 Direct F2
transaction DKNG Class A Common Stock Sale -$867K -23.5K -5.06% $36.87 442K Dec 5, 2023 Direct F3
transaction DKNG Class A Common Stock Award $0 +500K +113.22% $0.00 942K Dec 5, 2023 Direct F1
transaction DKNG Class A Common Stock Sale -$8.13M -229K -24.31% $35.53 713K Dec 6, 2023 Direct F4
transaction DKNG Class A Common Stock Sale -$677K -18.5K -2.6% $36.52 694K Dec 6, 2023 Direct F5
holding DKNG Class A Common Stock 2.8M Dec 4, 2023 Held by the Paul Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 275K Dec 4, 2023 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 13.6K Dec 4, 2023 Held by the Liberman Grantor Retained Annuity Trust of 2020
holding DKNG Class A Common Stock 200K Dec 4, 2023 Held by the Rachel Nager Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 200K Dec 4, 2023 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 number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. The "sell to cover" transactions were effected pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on September 14, 2021 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.73 to $36.72, 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 ranges set forth in footnotes 2, 3, 4 and 5 to this Form 4.
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. The "sell to cover" transactions were effected pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on September 14, 2021 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.73 to $37.03, inclusive. See the last sentence of footnote 2 above.
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. The "sell to cover" transactions were effected pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on September 14, 2021 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.99 to $35.98, inclusive. See the last sentence of footnote 2 above.
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. The "sell to cover" transactions were effected pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on September 14, 2021 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.00 to $36.86, inclusive. See the last sentence of footnote 2 above.

Remarks:

President, Global Technology and Product