Paul Liberman - 09 Nov 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
09 Nov 2023
Net transactions value
-$542,734
Form type
4
Filing time
13 Nov 2023, 20:02:38 UTC
Previous filing
24 Oct 2023
Next filing
24 Nov 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 $11,835 +2,518 +0.14% $4.70* 1,765,267 09 Nov 2023 Direct F1
transaction DKNG Class A Common Stock Options Exercise +28,308 +1.6% 1,793,575 09 Nov 2023 Direct F2
transaction DKNG Class A Common Stock Tax liability $476,444 -13,687 -0.76% $34.81 1,779,888 09 Nov 2023 Direct
transaction DKNG Class A Common Stock Options Exercise +276 +0.02% 1,780,164 10 Nov 2023 Direct F3
transaction DKNG Class A Common Stock Tax liability $3,194 -108 -0.01% $29.57 1,780,056 10 Nov 2023 Direct
transaction DKNG Class A Common Stock Options Exercise +2,818 +0.24% 1,196,734 10 Nov 2023 Held by the Paul Liberman 2015 Revocable Trust F3
transaction DKNG Class A Common Stock Tax liability $32,409 -1,096 -0.09% $29.57 1,195,638 10 Nov 2023 Held by the Paul Liberman 2015 Revocable Trust
transaction DKNG Class A Common Stock Options Exercise +3,698 +1.4% 276,055 10 Nov 2023 Held by the Paul Liberman 2020 Trust F3
transaction DKNG Class A Common Stock Tax liability $42,522 -1,438 -0.52% $29.57 274,617 10 Nov 2023 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 13,597 09 Nov 2023 Held by the Liberman Grantor Retained Annuity Trust of 2020
holding DKNG Class A Common Stock 200,000 09 Nov 2023 Held by the Rachel Nager Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 200,000 09 Nov 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 Stock Option Options Exercise $0 -2,518 -2.2% $0.000000 110,118 09 Nov 2023 Class A Common Stock 2,518 $4.70 Direct F4
transaction DKNG Restricted Stock Units Options Exercise $0 -28,308 -10% $0.000000 254,779 09 Nov 2023 Class A Common Stock 28,308 Direct F2, F5
transaction DKNG Warrants for Common Stock Options Exercise $0 -276 -100% $0.000000* 0 10 Nov 2023 Class A Common Stock 276 $11.50 Direct F6
transaction DKNG Warrants for Common Stock Options Exercise $0 -2,818 -100% $0.000000* 0 10 Nov 2023 Class A Common Stock 2,818 $11.50 Held by the Paul Liberman 2015 Revocable Trust F6
transaction DKNG Warrants for Common Stock Options Exercise $0 -3,698 -100% $0.000000* 0 10 Nov 2023 Class A Common Stock 3,698 $11.50 Held by the Paul Liberman 2020 Trust F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options in an exercise-and-hold transaction, and paid the aggregate exercise price and the tax withholdings in cash.
F2 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 28,308 shares of Class A Common Stock underlying the RSU listed in Table II, and 13,687 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.
F3 The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exchange of warrants for common stock for $11.50 per share on a cashless basis in a private transaction entered into between the Reporting Person and the Issuer. The Reporting Person received the net of 6,792 shares of Class A Common Stock underlying the warrants for common stock listed in Table II, and 2,642 shares of Class A Common Stock withheld by the issuer in consideration of the exercise of the warrants for common stock.
F4 These stock options were granted on June 4, 2019. As of the date hereof, all these stock options are vested and currently exercisable. On March 3, 2023, the Reporting Person's options were reported on a disaggregated basis, excluding 110,200 options from the Reporting Person's beneficial holdings on Column 9 previously reported on May 9, 2022. The number of options in Column 9 now reflects the aggregated beneficial holdings of the Reporting Person.
F5 On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years.
F6 Each warrant to purchase Class A Common Stock is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share.

Remarks:

President, Global Technology and Product