Paul Liberman - 01 Jun 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
01 Jun 2024
Net transactions value
-$538,613
Form type
4
Filing time
04 Jun 2024, 20:17:41 UTC
Previous filing
23 May 2024
Next filing
27 Jun 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 +22,059 +2.9% 785,204 01 Jun 2024 Direct F1
transaction DKNG Class A Common Stock Tax liability $374,697 -10,666 -1.4% $35.13 774,538 01 Jun 2024 Direct
transaction DKNG Class A Common Stock Options Exercise +9,650 +1.2% 784,188 01 Jun 2024 Direct F2
transaction DKNG Class A Common Stock Tax liability $163,917 -4,666 -0.6% $35.13 779,522 01 Jun 2024 Direct
holding DKNG Class A Common Stock 2,291,406 01 Jun 2024 Held by the Paul Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 274,617 01 Jun 2024 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 213,597 01 Jun 2024 Held by the Paul Liberman 2020 Irrevocable Trust
holding DKNG Class A Common Stock 200,000 01 Jun 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 -22,059 -8.3% $0.000000 242,647 01 Jun 2024 Class A Common Stock 22,059 Direct F1, F3
transaction DKNG Restricted Stock Units Options Exercise $0 -9,650 -6.3% $0.000000 144,742 01 Jun 2024 Class A Common Stock 9,650 Direct F2, 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 22,059 shares of Class A Common Stock underlying the RSUs listed in Table II, and 10,666 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 No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 9,650 shares of Class A Common Stock underlying the RSUs listed in Table II, and 4,666 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.
F3 On February 13, 2023, the Reporting Person was granted 352,941 RSUs vesting quarterly over four (4) years from March 1, 2023.
F4 On February 12, 2024, the Reporting Person was granted 154,392 RSUs vesting quarterly over four (4) years from March 1, 2024.

Remarks:

President, Global Technology and Product