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

Reporting relationship: President, Operations, Director
Issuer ticker: DKNG
Reported as of: 11 Mar 2026
Net transaction value: -$12,187,932
SEC form: 4
Accepted by SEC: 12 Mar 2026, 18:35:44 UTC
Prior SEC filing: 03 Mar 2026
Next SEC filing: 02 Jun 2026
Source filing: View source filing
Reporting owner signature: /s/ Faisal Hasan, attorney-in-fact

Key filing fact

Paul Liberman filed Form 4 for DraftKings Inc. (DKNG) on 12 Mar 2026.

Key facts

This page summarizes Paul Liberman's Form 4 filing for DraftKings Inc. (DKNG).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 12 Mar 2026, 18:35.

Change

Previous filing in this sequence was filed on 03 Mar 2026.
Current net transaction value: -$12,187,932.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001810204 Primary reporting owner

Liberman Paul

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

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DKNG transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +430,547
Change %: +26%
Price: $0.6300^*
Shares after: 2,100,502
Date: 11 Mar 2026
Ownership: Held by the Paul Liberman 2015 Revocable Trust
Footnotes: F1

DKNG transaction

Class A Common Stock

Sale

Transaction value: $10,832,563
Shares: -430,547
Change %: -20%
Price: $25.16
Shares after: 1,669,955
Date: 11 Mar 2026
Ownership: Held by the Paul Liberman 2015 Revocable Trust
Footnotes: F2, F3

DKNG transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +53,870
Change %: +25%
Price: $0.6300^*
Shares after: 267,467
Date: 11 Mar 2026
Ownership: Held by the Paul Liberman 2020 Irrevocable Trust
Footnotes: F1

DKNG transaction

Class A Common Stock

Sale

Transaction value: $1,355,369
Shares: -53,870
Change %: -20%
Price: $25.16
Shares after: 213,597
Date: 11 Mar 2026
Ownership: Held by the Paul Liberman 2020 Irrevocable Trust
Footnotes: F2, F4

DKNG holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 69,319
Date: 11 Mar 2026
Ownership: Direct

DKNG holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 200,000
Date: 11 Mar 2026
Ownership: Held by the Rachel Nager Liberman Irrevocable Trust - 2022

DKNG holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 200,000
Date: 11 Mar 2026
Ownership: Held by the Rachel Nager Liberman 2015 Revocable Trust

DKNG holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 100,000
Date: 11 Mar 2026
Ownership: Held by the Liberman Grantor Retained Annuity Trust of 2025

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DKNG transaction Derivative

Stock Options

Options Exercise

Transaction value
Shares: -430,547
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 11 Mar 2026
Ownership: Held by the Paul Liberman 2015 Revocable Trust
Underlying class: Class A Common Stock
Underlying amount: 430,547
Exercise price: $0.6300
Footnotes: F5

DKNG transaction Derivative

Stock Options

Options Exercise

Transaction value
Shares: -53,870
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 11 Mar 2026
Ownership: Held by the Paul Liberman 2020 Irrevocable Trust
Underlying class: Class A Common Stock
Underlying amount: 53,870
Exercise price: $0.6300
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 5 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F5

These stock options were granted on March 24, 2016. As of the date hereof, all such remaining stock options have vested.

SEC remarks

President, Operations