Paul Liberman - 09 Feb 2024 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
09 Feb 2024
Net transactions value
-$449,157
Form type
4
Filing time
09 Feb 2024, 21:01:05 UTC
Previous filing
31 Jan 2024
Next filing
14 Feb 2024
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 +28,309 +4.1% 726,662 09 Feb 2024 Direct F1
transaction DKNG Class A Common Stock Tax liability $449,157 -10,354 -1.4% $43.38 716,308 09 Feb 2024 Direct
holding DKNG Class A Common Stock 2,291,406 09 Feb 2024 Held by the Paul Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 274,617 09 Feb 2024 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 13,597 09 Feb 2024 Held by the Liberman Grantor Retained Annuity Trust of 2020
holding DKNG Class A Common Stock 200,000 09 Feb 2024 Held by the Rachel Nager Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 200,000 09 Feb 2024 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 -28,309 -11% $0.000000 226,470 09 Feb 2024 Class A Common Stock 28,309 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 RSUs listed in Table II, and 10,354 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