Paul Liberman - 23 Apr 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
23 Apr 2024
Net transactions value
-$124,331
Form type
4
Filing time
24 Apr 2024, 20:02:31 UTC
Previous filing
21 Mar 2024
Next filing
10 May 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 +6,239 +0.84% 748,795 23 Apr 2024 Direct F1
transaction DKNG Class A Common Stock Tax liability $124,331 -3,017 -0.4% $41.21 745,778 23 Apr 2024 Direct
holding DKNG Class A Common Stock 2,291,406 23 Apr 2024 Held by the Paul Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 274,617 23 Apr 2024 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 213,597 23 Apr 2024 Held by the Paul Liberman 2020 Irrevocable Trust
holding DKNG Class A Common Stock 200,000 23 Apr 2024 Held by the Rachel Nager Liberman Irrevocable Trust - 2022

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 -6,239 -100% $0.000000* 0 23 Apr 2024 Class A Common Stock 6,239 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 6,239 shares of Class A Common Stock underlying the RSUs listed in Table II, and 3,017 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 August 11, 2020, the Reporting Person was granted 99,828 RSUs, vesting quarterly over 4 years from April 23, 2020, with any RSUs scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining RSUs occurring on October 23, 2020 and each quarter thereafter.

Remarks:

President, Global Technology and Product