Paul Liberman - 21 Nov 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
21 Nov 2024
Net transactions value
-$110,827
Form type
4
Filing time
22 Nov 2024, 20:30:58 UTC
Previous filing
13 Nov 2024
Next filing
03 Dec 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 Gift $0 -5,761 -0.3% $0.000000 1,917,722 21 Nov 2024 Held by the Paul Liberman 2015 Revocable Trust F1
transaction DKNG Class A Common Stock Options Exercise +5,318 +15% 41,577 22 Nov 2024 Direct F2
transaction DKNG Class A Common Stock Tax liability $110,827 -2,572 -6.2% $43.09 39,005 22 Nov 2024 Direct
holding DKNG Class A Common Stock 137,308 21 Nov 2024 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 213,597 21 Nov 2024 Held by the Paul Liberman 2020 Irrevocable Trust
holding DKNG Class A Common Stock 200,000 21 Nov 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 -5,318 -50% $0.000000 5,317 22 Nov 2024 Class A Common Stock 5,318 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a bona fide gift of the Issuer's Class A Common Stock to a charitable donor-advised fund. There was no purchase or sale of Class A Common Stock in connection with the transfer.
F2 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 5,318 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,572 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 22, 2021, the Reporting Person was granted 85,078 RSUs vesting quarterly over 4 years.

Remarks:

President, Global Technology and Product