Paul Liberman - Aug 7, 2024 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
President, Global Technology and Product, Director
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Aug 7, 2024
Transactions value $
-$415,294
Form type
4
Date filed
8/9/2024, 08:01 PM
Previous filing
Jul 17, 2024
Next filing
Aug 23, 2024
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 Gift $0 -7.86K -0.32% $0.00 2.49M Aug 7, 2024 Held by the Paul Liberman 2015 Revocable Trust F1, F2, F3
transaction DKNG Class A Common Stock Options Exercise +28.3K 28.3K Aug 9, 2024 Direct F2, F4
transaction DKNG Class A Common Stock Tax liability -$415K -13.7K -48.35% $30.34 14.6K Aug 9, 2024 Direct
holding DKNG Class A Common Stock 206K Aug 7, 2024 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 214K Aug 7, 2024 Held by the Paul Liberman 2020 Irrevocable Trust
holding DKNG Class A Common Stock 200K Aug 7, 2024 Held by the Rachel Nager Liberman Irrevocable Trust - 2022

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 -28.3K -14.29% $0.00 170K Aug 9, 2024 Class A Common Stock 28.3K Direct F4, F5
holding DKNG Stock Options 74.1K Aug 7, 2024 Class A Common Stock 74.1K $0.63 Held by the Paul Liberman 2015 Revocable Trust F6, F7
holding DKNG Stock Options 0 Aug 7, 2024 Class A Common Stock 0 $0.63 Direct F6, F7
holding DKNG Stock Options 191K Aug 7, 2024 Class A Common Stock 191K $0.63 Held by the Paul Liberman 2015 Revocable Trust F6, F8
holding DKNG Stock Options 0 Aug 7, 2024 Class A Common Stock 0 $0.63 Direct F6, F8
holding DKNG Stock Options 431K Aug 7, 2024 Class A Common Stock 431K $0.63 Held by the Paul Liberman 2015 Revocable Trust F6, F9
holding DKNG Stock Options 0 Aug 7, 2024 Class A Common Stock 0 $0.63 Direct F6, F9
holding DKNG Stock Options 89.2K Aug 7, 2024 Class A Common Stock 89.2K $3.29 Held by the Paul Liberman 2015 Revocable Trust F6, F10
holding DKNG Stock Options 0 Aug 7, 2024 Class A Common Stock 0 $3.29 Direct F6, F11
holding DKNG Stock Options 630K Aug 7, 2024 Class A Common Stock 630K $4.70 Held by the Paul Liberman 2015 Revocable Trust F6, F11, F12
holding DKNG Stock Options 0 Aug 7, 2024 Class A Common Stock 0 $4.70 Direct F6, F11, F12
holding DKNG Stock Options 53.9K Aug 7, 2024 Class A Common Stock 53.9K $0.63 Held by the Paul Liberman 2020 Irrevocable Trust F6
holding DKNG Stock Options 185K Aug 7, 2024 Class A Common Stock 185K $3.29 Held by the Paul Liberman 2020 Irrevocable Trust F6
holding DKNG Stock Options 56.4K Aug 7, 2024 Class A Common Stock 56.4K $4.70 Held by the Paul Liberman 2020 Irrevocable Trust F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a bona fide gift of the Issuer's Class A Common Stock to a non-profit organization. There was no purchase or sale of Class A Common Stock in connection with the transfer.
F2 Reflects the transfer of 777,832 shares of Class A Common Stock previously reported as directly held by the Reporting Person to the Paul Liberman 2015 Revocable Trust, a revocable trust of which the Reporting Person is the lifetime beneficiary and sole trustee. There was no purchase or sale of shares of Class A Common Stock in connection with the transfer.
F3 The reported amount reflects an adjustment to correct previous filings which overreported the Reporting Person's holdings by 1,690 shares of Class A Common Stock.
F4 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 28,309 shares of Class A Common Stock underlying the RSUs listed in Table II, and 13,688 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.
F5 On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years.
F6 These options are vested and currently exercisable.
F7 Reflects the transfer of 74,097 stock options previously reported as directly held by the Reporting Person to the Paul Liberman 2015 Revocable Trust, a revocable trust of which the Reporting Person is the lifetime beneficiary and sole trustee. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.
F8 Reflects the transfer of 191,226 stock options previously reported as directly held by the Reporting Person to the Paul Liberman 2015 Revocable Trust, a revocable trust of which the Reporting Person is the lifetime beneficiary and sole trustee. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.
F9 Reflects the transfer of 430,546 stock options previously reported as directly held by the Reporting Person to the Paul Liberman 2015 Revocable Trust, a revocable trust of which the Reporting Person is the lifetime beneficiary and sole trustee. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.
F10 Reflects the transfer of 15,757 stock options previously reported as directly held by the Reporting Person to the Paul Liberman 2015 Revocable Trust, a revocable trust of which the Reporting Person is the lifetime beneficiary and sole trustee. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.
F11 Reflects the transfer of 110,200 stock options previously reported as directly held by the Reporting Person to the Paul Liberman 2015 Revocable Trust, a revocable trust of which the Reporting Person is the lifetime beneficiary and sole trustee. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.
F12 The reported amount reflects an adjustment to correct previous filings which underreported the Reporting Person's holdings by 82 stock options.

Remarks:

President, Global Technology and Product