Paul Liberman - 23 Jan 2023 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
23 Jan 2023
Net transactions value
-$31,770
Form type
4
Filing time
25 Jan 2023, 19:00:58 UTC
Previous filing
25 Nov 2022
Next filing
13 Feb 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 +6,239 +0.67% 944,095 23 Jan 2023 Direct F1
transaction DKNG Class A Common Stock Tax liability $31,770 -2,182 -0.23% $14.56 941,913 23 Jan 2023 Direct
holding DKNG Class A Common Stock 1,527,250 23 Jan 2023 Held by the Paul Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 272,357 23 Jan 2023 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 13,597 23 Jan 2023 Held by the Liberman Grantor Retained Annuity Trust of 2020
holding DKNG Class A Common Stock 200,000 23 Jan 2023 Held by the Rachel Nager Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 200,000 23 Jan 2023 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 -6,239 -17% $0.000000 31,196 23 Jan 2023 Class A Common Stock 6,239 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 other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 6,239 shares of Class A Common Stock underlying the restricted stock units listed in Table II, and 2,182 shares of Class A Common Stock withheld by the Issuer. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 On August 11, 2020, the Reporting Person was granted 99,828 restricted stock units, vesting quarterly over 4 years from April 23, 2020, with any restricted stock units scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining restricted stock units occurring on October 23, 2020 and each quarter thereafter.

Remarks:

President, Global Technology and Product