Paul Liberman - Apr 23, 2023 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
Apr 23, 2023
Transactions value $
-$61,230
Form type
4
Date filed
4/25/2023, 08:34 PM
Previous filing
Mar 2, 2023
Next filing
May 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise +6.24K +0.37% 1.7M Apr 23, 2023 Direct F1
transaction DKNG Class A Common Stock Tax liability -$61.2K -2.79K -0.16% $21.97 1.7M Apr 23, 2023 Direct
holding DKNG Class A Common Stock 1.53M Apr 23, 2023 Held by the Paul Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 272K Apr 23, 2023 Held by the Paul Liberman 2020 Trust
holding DKNG Class A Common Stock 13.6K Apr 23, 2023 Held by the Liberman Grantor Retained Annuity Trust of 2020
holding DKNG Class A Common Stock 200K Apr 23, 2023 Held by the Rachel Nager Liberman 2015 Revocable Trust
holding DKNG Class A Common Stock 200K Apr 23, 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 -6.24K -20% $0.00 25K Apr 23, 2023 Class A Common Stock 6.24K 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 6,239 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,787 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 August 11, 2020, the Reporting Person was granted 99,828 RSUs, vesting quarterly over 4 years from April 23, 2020, with any RSUs scheduled to vest before September 12, 2020 vesting on September 12, 2020 and the vesting of the remaining RSUs occurring on October 23, 2020 and each quarter thereafter.

Remarks:

President, Global Technology and Product