Paul Liberman - 13 Feb 2026 Form 4 Insider Report for DraftKings Inc. (DKNG)

Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
13 Feb 2026
Net transactions value
+$831,340
Form type
4
Filing time
18 Feb 2026, 19:52:11 UTC
Previous filing
11 Feb 2026
Next filing
03 Mar 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Liberman Paul President, Operations, Director C/O DRAFTKINGS INC., 222 BERKELEY STREET, FLOOR 5, BOSTON /s/ Faisal Hasan, attorney-in-fact 18 Feb 2026 0001810204

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Award +51,464 +23% 271,110 13 Feb 2026 Direct F1, F2, F3
transaction DKNG Class A Common Stock Tax liability $484,660 -22,273 -8.2% $21.76 248,837 13 Feb 2026 Direct
transaction DKNG Class A Common Stock Gift $0 -200,000 -80% $0.000000 48,837 18 Feb 2026 Direct F4
transaction DKNG Class A Common Stock Gift $0 +200,000 $0.000000 200,000 18 Feb 2026 Held by the Rachel Nager Liberman 2015 Revocable Trust F4
transaction DKNG Class A Common Stock Options Exercise $1,316,000 +400,000 +31% $3.29 1,669,955 18 Feb 2026 Held by the Paul Liberman 2015 Revocable Trust F3, F5
holding DKNG Class A Common Stock 213,597 13 Feb 2026 Held by the Paul Liberman 2020 Irrevocable Trust
holding DKNG Class A Common Stock 200,000 13 Feb 2026 Held by the Rachel Nager Liberman Irrevocable Trust - 2022
holding DKNG Class A Common Stock 100,000 13 Feb 2026 Held by the Liberman Grantor Retained Annuity Trust of 2025

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 Award $0 +531,208 $0.000000 531,208 17 Feb 2026 Class A Common Stock 531,208 Direct F1, F6
transaction DKNG Stock Options Options Exercise $0 -400,000 -26% $0.000000 1,111,843 18 Feb 2026 Class A Common Stock 400,000 $3.29 Held by the Paul Liberman 2015 Revocable Trust F7
* 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 Represents the vesting of the RSUs granted pursuant to the Issuer's 2020 Incentive Award Plan, which vested upon the achievement of certain performance goals. 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 51,464 shares of Class A Common Stock underlying the RSUs listed in Table I, and 22,273 shares of Class A Common Stock withheld by the Issuer.
F3 Reflects the transfer of 588,074 shares of the Issuer's 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.
F4 Represents a bona fide gift of 200,000 shares of Class A Common Stock previously reported as directly held by the Reporting Person to the Rachel Nager Liberman 2015 Revocable Trust. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.
F5 The Reporting Person acquired shares of Class A Common Stock of the Issuer upon the exercise of stock options and paid the aggregate exercise price and the tax withholdings in cash.
F6 On February 17, 2026, the Reporting Person was granted 531,208 RSUs vesting quarterly over four (4) years from March 1, 2026.
F7 These stock options were granted on May 3, 2018. As of the date hereof, all such remaining stock options have vested.

Remarks:

President, Operations