Paul Liberman - Feb 22, 2024 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, 2024
Transactions value $
-$105,040
Form type
4
Date filed
2/23/2024, 08:01 PM
Previous filing
Feb 14, 2024
Next filing
Mar 1, 2024

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 +0.74% 722K Feb 22, 2024 Direct F1
transaction DKNG Class A Common Stock Tax liability -$105K -2.57K -0.36% $40.84 719K Feb 22, 2024 Direct
transaction DKNG Class A Common Stock Gift $0 -200K -100% $0.00* 0 Feb 22, 2024 Held by the Rachel Nager Liberman 2015 Revocable Trust F2
transaction DKNG Class A Common Stock Gift $0 +200K $0.00 200K Feb 22, 2024 Held by the Rachel Nager Liberman Irrevocable Trust - 2022 F2
transaction DKNG Class A Common Stock Gift $0 -13.6K -100% $0.00* 0 Feb 23, 2024 Held by the Liberman Grantor Retained Annuity Trust of 2020 F3
transaction DKNG Class A Common Stock Gift $0 +13.6K +6.8% $0.00 214K Feb 23, 2024 Held by the Paul Liberman 2020 Irrevocable Trust F3
holding DKNG Class A Common Stock 2.29M Feb 22, 2024 Held by the Paul Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 275K Feb 22, 2024 Held by the Paul Liberman 2020 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 -20% $0.00 21.3K Feb 22, 2024 Class A Common Stock 5.32K Direct F1, 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 5,318 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,572 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 Represents a bona fide gift of 200,000 shares of Class A Common Stock previously reported as indirectly held by the Rachel Nager Liberman 2015 Revocable Trust to the Rachel Nager Liberman Irrevocable Trust - 2022. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.
F3 Represents a bona fide gift of 13,597 shares of Class A Common Stock previously reported as indirectly held by the Liberman Grantor Retained Annuity Trust of 2020 to the Paul Liberman 2020 Irrevocable Trust. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.
F4 On February 22, 2021, the Reporting Person was granted 85,078 RSUs vesting quarterly over 4 years.

Remarks:

President, Global Technology and Product