Paul Liberman - 11 Mar 2026 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
President, Operations, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Issuer symbol
DKNG
Transactions as of
11 Mar 2026
Net transactions value
-$12,187,932
Form type
4
Filing time
12 Mar 2026, 18:35:44 UTC
Previous filing
03 Mar 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Liberman Paul President, Operations, Director C/O DRAFTKINGS INC., 222 BERKELEY STREET, 5TH FLOOR, BOSTON /s/ Faisal Hasan, attorney-in-fact 12 Mar 2026 0001810204

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +430,547 +26% $0.6300* 2,100,502 11 Mar 2026 Held by the Paul Liberman 2015 Revocable Trust F1
transaction DKNG Class A Common Stock Sale $10,832,563 -430,547 -20% $25.16 1,669,955 11 Mar 2026 Held by the Paul Liberman 2015 Revocable Trust F2, F3
transaction DKNG Class A Common Stock Options Exercise +53,870 +25% $0.6300* 267,467 11 Mar 2026 Held by the Paul Liberman 2020 Irrevocable Trust F1
transaction DKNG Class A Common Stock Sale $1,355,369 -53,870 -20% $25.16 213,597 11 Mar 2026 Held by the Paul Liberman 2020 Irrevocable Trust F2, F4
holding DKNG Class A Common Stock 69,319 11 Mar 2026 Direct
holding DKNG Class A Common Stock 200,000 11 Mar 2026 Held by the Rachel Nager Liberman Irrevocable Trust - 2022
holding DKNG Class A Common Stock 200,000 11 Mar 2026 Held by the Rachel Nager Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 100,000 11 Mar 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 Stock Options Options Exercise -430,547 -100% $0.000000* 0 11 Mar 2026 Class A Common Stock 430,547 $0.6300 Held by the Paul Liberman 2015 Revocable Trust F5
transaction DKNG Stock Options Options Exercise -53,870 -100% $0.000000* 0 11 Mar 2026 Class A Common Stock 53,870 $0.6300 Held by the Paul Liberman 2020 Irrevocable Trust F5
* 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 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.
F2 The reported sales were made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on March 6, 2025 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.65 to $25.57, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 3 and 4 to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.66 to $25.57, inclusive. See the last sentence of footnote 3 to this Form 4 above.
F5 These stock options were granted on March 24, 2016. As of the date hereof, all such remaining stock options have vested.

Remarks:

President, Operations