Paul Liberman - 22 Aug 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
22 Aug 2024
Net transactions value
-$90,628
Form type
4
Filing time
23 Aug 2024, 20:02:38 UTC
Previous filing
09 Aug 2024
Next filing
27 Aug 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 +5,317 +211% 7,833 22 Aug 2024 Direct F1, F2
transaction DKNG Class A Common Stock Tax liability $90,628 -2,571 -33% $35.25 5,262 22 Aug 2024 Direct
holding DKNG Class A Common Stock 2,498,483 22 Aug 2024 Held by the Paul Liberman 2015 Revocable Trust F2
holding DKNG Class A Common Stock 205,962 22 Aug 2024 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 213,597 22 Aug 2024 Held by the Paul Liberman 2020 Irrevocable Trust
holding DKNG Class A Common Stock 200,000 22 Aug 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 -5,317 -33% $0.000000 10,635 22 Aug 2024 Class A Common Stock 5,317 Direct F1, F3
* 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 5,317 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,571 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 Reflects the transfer of 12,105 shares of Class A Common Stock previously reported as directly held by the Reporting Person to the Paul Liberman 2015 Revocable Trust, a revocable trust of which the Reporting Person is the lifetime beneficiary and sole trustee. There was no purchase or sale of shares of Class A Common Stock in connection with the transfer.
F3 On February 22, 2021, the Reporting Person was granted 85,078 RSUs vesting quarterly over 4 years.

Remarks:

President, Global Technology and Product