Paul Liberman - 09 Feb 2025 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
09 Feb 2025
Net transactions value
-$395,699
Form type
4
Filing time
11 Feb 2025, 21:42:43 UTC
Previous filing
10 Jan 2025
Next filing
25 Feb 2025
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 +28,309 +51% 83,691 09 Feb 2025 Direct F1, F2
transaction DKNG Class A Common Stock Tax liability $395,699 -9,359 -11% $42.28 74,332 09 Feb 2025 Direct
holding DKNG Class A Common Stock 1,342,722 09 Feb 2025 Held by the Paul Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 68,654 09 Feb 2025 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 213,597 09 Feb 2025 Held by the Paul Liberman 2020 Irrevocable Trust
holding DKNG Class A Common Stock 200,000 09 Feb 2025 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 -28,309 -20% $0.000000 113,235 09 Feb 2025 Class A Common Stock 28,309 Direct F1, F2, F3
transaction DKNG Restricted Stock Units Award $0 +127,211 $0.000000 127,211 10 Feb 2025 Class A Common Stock 127,211 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("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 28,309 shares of Class A Common Stock underlying the RSUs listed in Table II, and 9,359 shares of Class A Common Stock withheld by the Issuer.
F3 On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years.
F4 On February 10, 2025, the Reporting Person was granted 127,211 RSUs vesting quarterly over four (4) years from March 1, 2025.

Remarks:

President, Global Technology and Product