Paul Liberman - May 9, 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
May 9, 2024
Transactions value $
-$602,683
Form type
4
Date filed
5/10/2024, 08:01 PM
Previous filing
Apr 24, 2024
Next filing
May 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +28.3K +3.8% 774K May 9, 2024 Direct F1
transaction DKNG Class A Common Stock Tax liability -$603K -13.7K -1.77% $44.03 760K May 9, 2024 Direct
holding DKNG Class A Common Stock 2.29M May 9, 2024 Held by the Paul Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 275K May 9, 2024 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 214K May 9, 2024 Held by the Paul Liberman 2020 Irrevocable Trust
holding DKNG Class A Common Stock 200K May 9, 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 -28.3K -12.5% $0.00 198K May 9, 2024 Class A Common Stock 28.3K 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 13,688 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