Paul Liberman - 22 Nov 2022 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
22 Nov 2022
Net transactions value
-$34,918
Form type
4
Filing time
25 Nov 2022, 19:03:17 UTC
Previous filing
14 Nov 2022
Next filing
25 Jan 2023
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 +5,318 +0.57% 940,233 22 Nov 2022 Direct F1
transaction DKNG Class A Common Stock Tax liability $34,918 -2,377 -0.25% $14.69 937,856 22 Nov 2022 Direct
holding DKNG Class A Common Stock 1,527,250 22 Nov 2022 Held by the Paul Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 272,357 22 Nov 2022 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 13,597 22 Nov 2022 Held by the Liberman Grantor Retained Annuity Trust of 2020
holding DKNG Class A Common Stock 200,000 22 Nov 2022 Held by the Rachel Nager Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 200,000 22 Nov 2022 Held by the Paul Liberman 2020 Irrevocable Trust

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 -10% $0.000000 47,856 22 Nov 2022 Class A Common Stock 5,318 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 2,377 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.
F2 On February 22, 2021, the Reporting Person was granted 85,078 RSUs vesting quarterly over 4 years.

Remarks:

President, Global Technology and Product