Paul Liberman - Jul 15, 2024 Form 4 Insider Report for DraftKings Inc. (DKNG)

Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Jul 15, 2024
Transactions value $
-$2,465,034
Form type
4
Date filed
7/17/2024, 08:01 PM
Previous filing
Jun 27, 2024
Next filing
Aug 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Sale -$2.47M -63.2K -3.55% $39.00 1.72M Jul 15, 2024 Held by the Paul Liberman 2015 Revocable Trust F1
holding DKNG Class A Common Stock 780K Jul 15, 2024 Direct
holding DKNG Class A Common Stock 206K Jul 15, 2024 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 214K Jul 15, 2024 Held by the Paul Liberman 2020 Irrevocable Trust
holding DKNG Class A Common Stock 200K Jul 15, 2024 Held by the Rachel Nager Liberman Irrevocable Trust - 2022
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported sales were made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on March 5, 2024 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.

Remarks:

President, Global Technology and Product