Form 4 for DKNG DraftKings Inc.
Accepted 2023-10-24 00:00:00 ET · period of report 2023-10-20 · accession 0001104659-23-111169 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2023-10-24 | 2023-10-20 | DKNG | Liberman Paul | See Remarks, Dir | S - Sale+OE | $27.11 | -66.7K | 1.19M | -5% | -$1.81M |
| D | 2023-10-24 | 2023-10-23 | DKNG | Liberman Paul | See Remarks, Dir | M - OptEx | — | +6,240 | 1.77M | +0.4% | — |
| D | 2023-10-24 | 2023-10-23 | DKNG | Liberman Paul | See Remarks, Dir | F - Tax | $28.15 | -3,018 | 1.76M | -0.2% | -$85.0K |
| D | 2023-10-24 | 2023-10-23 | DKNG | Liberman Paul | See Remarks, Dir | M - OptEx | $0.00 | -6,240 | 12.5K | -33% | $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 | 2023-10-20 | S | D | 65,146 | $27.10 | 1,195,437 | I Held by the Paul Liberman 2015 Revocable Trust | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.50 to $27.49, 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 ranges set forth in footnotes 3 and 4 to this Form 4. |
| 2 | Common | Class A Common Stock | 2023-10-23 | M | A | 6,240 | — | 1,765,767 | D | — | — | (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 6,240 shares of Class A Common Stock underlying the RSUs listed in Table II, and 3,018 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. |
| 3 | Common | Class A Common Stock | 2023-10-23 | F | D | 3,018 | $28.15 | 1,762,749 | D | — | — | |
| 4 | Common | Class A Common Stock | 2023-10-20 | S | D | 1,521 | $27.55 | 1,193,916 | I Held by the Paul Liberman 2015 Revocable Trust | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.50 to $27.64, inclusive. See footnote 3. |
| 5 | Derivative | Restricted Stock Units | 2023-10-23 | M | D | 6,240 | $0.00 | 12,478 | D | — · — to — | 6,240 Class A Common Stock | (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 6,240 shares of Class A Common Stock underlying the RSUs listed in Table II, and 3,018 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 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. |