Form 4 for DKNG DraftKings Inc.
Accepted 2023-03-01 00:00:00 ET · period of report 2023-02-27 · accession 0001104659-23-027530 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-03-01 | 2023-02-27+ | DKNG | Liberman Paul | See Remarks, Dir | A - Grant | $0.00 | +1.26M | 2.22M | +130% | $0 |
| DM | 2023-03-01 | 2023-02-28+ | DKNG | Liberman Paul | See Remarks, Dir | S - Sale+OE | $18.71 | -560.3K | 1.94M | -22% | -$10.48M |
| D | 2023-03-01 | 2023-02-28 | DKNG | Liberman Paul | See Remarks, Dir | M - OptEx | — | +13.6K | 1.96M | +0.7% | — |
| D | 2023-03-01 | 2023-02-28 | DKNG | Liberman Paul | See Remarks, Dir | M - OptEx | $0.00 | -13.6K | 0 | -100% | $0 |
| D | 2023-03-01 | 2023-02-28 | DKNG | Liberman Paul | See Remarks, Dir | A - Grant | $0.00 | +13.6K | 13.6K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-02-27 | A | A | 500,000 | $0.00 | 1,465,420 | D | — | — | (F1) Represents the vesting of the restricted stock units ("RSUs") granted pursuant to the Issuer's 2020 Incentive Award Plan (the "Plan"), which vested upon the achievement of certain performance goals. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. |
| 2 | Common | Class A Common Stock | 2023-02-27 | A | A | 127,617 | $0.00 | 1,593,037 | D | — | — | (F2) Represents the vesting of the performance-based restricted stock units ("PSUs") granted pursuant to the Plan, which vested upon the achievement of certain performance criteria. Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. |
| 3 | Common | Class A Common Stock | 2023-02-28 | A | A | 500,000 | $0.00 | 2,093,037 | D | — | — | (F1) Represents the vesting of the restricted stock units ("RSUs") granted pursuant to the Issuer's 2020 Incentive Award Plan (the "Plan"), which vested upon the achievement of certain performance goals. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. |
| 4 | Common | Class A Common Stock | 2023-03-01 | S | D | 281,704 | $18.64 | 1,673,900 | D | — | — | (F5) Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.47 to $19.47, inclusive. See the last sentence of footnote 3 above. |
| 5 | Common | Class A Common Stock | 2023-02-28 | S | D | 278,634 | $18.78 | 1,942,020 | D | — | — | (F3) Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.53 to $19.53, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 3 and 5 to this Form 4. |
| 6 | Common | Class A Common Stock | 2023-02-28 | M | A | 13,584 | — | 1,955,604 | D | — | — | (F4) No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs. |
| 7 | Common | Class A Common Stock | 2023-02-28 | A | A | 127,617 | $0.00 | 2,220,654 | D | — | — | (F2) Represents the vesting of the performance-based restricted stock units ("PSUs") granted pursuant to the Plan, which vested upon the achievement of certain performance criteria. Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. |
| 8 | Derivative | Restricted Stock Units | 2023-02-28 | M | D | 13,584 | $0.00 | 0 | D | — · — to — | 13,584 Class A Common Stock | (F5) Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.47 to $19.47, inclusive. See the last sentence of footnote 3 above. (F6) Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. (F7) The RSUs were granted and became fully vested on February 28, 2023. |
| 9 | Derivative | Restricted Stock Units | 2023-02-28 | A | A | 13,584 | $0.00 | 13,584 | D | — · — to — | 13,584 Class A Common Stock | (F5) Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.47 to $19.47, inclusive. See the last sentence of footnote 3 above. (F6) Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. (F7) The RSUs were granted and became fully vested on February 28, 2023. |