Form 4 for DKNG DraftKings Inc.
Accepted 2023-11-13 00:00:00 ET · period of report 2023-11-09 · accession 0001104659-23-117431 · 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 | 2023-11-13 | 2023-11-09+ | DKNG | Liberman Paul | See Remarks, Dir | M - OptEx | $4.70 | +31.1K | 1.78M | +2% | +$146.2K |
| DMI | 2023-11-13 | 2023-11-10 | DKNG | Liberman Paul | See Remarks, Dir | F - Tax | $29.57 | -2,534 | 1.20M | -0.2% | -$74.9K |
| DM | 2023-11-13 | 2023-11-09+ | DKNG | Liberman Paul | See Remarks, Dir | F - Tax | $34.77 | -13.8K | 1.78M | -0.8% | -$479.6K |
| DMI | 2023-11-13 | 2023-11-10 | DKNG | Liberman Paul | See Remarks, Dir | M - OptEx | — | +6,516 | 276.1K | +2% | — |
| DMI | 2023-11-13 | 2023-11-10 | DKNG | Liberman Paul | See Remarks, Dir | M - OptEx | $0.00 | -6,516 | 0 | -100% | $0 |
| DM | 2023-11-13 | 2023-11-09+ | DKNG | Liberman Paul | See Remarks, Dir | M - OptEx | $0.00 | -31.1K | 110.1K | -22% | $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 | 2023-11-09 | M | A | 2,518 | $4.70 | 1,765,267 | D Held by the Paul Liberman 2015 Revocable Trust | — | — | (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. |
| 2 | Common | Class A Common Stock | 2023-11-09 | M | A | 28,308 | — | 1,793,575 | D Held by the Paul Liberman 2015 Revocable Trust | — | — | (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. |
| 3 | Common | Class A Common Stock | 2023-11-10 | F | D | 1,438 | $29.57 | 274,617 | I | — | — | |
| 4 | Common | Class A Common Stock | 2023-11-09 | F | D | 13,687 | $34.81 | 1,779,888 | D Held by the Paul Liberman 2020 Trust | — | — | |
| 5 | Common | Class A Common Stock | 2023-11-10 | F | D | 1,096 | $29.57 | 1,195,638 | I | — | — | |
| 6 | Common | Class A Common Stock | 2023-11-10 | F | D | 108 | $29.57 | 1,780,056 | D | — | — | |
| 7 | Common | Class A Common Stock | 2023-11-10 | M | A | 2,818 | — | 1,196,734 | I | — | — | (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. |
| 8 | Common | Class A Common Stock | 2023-11-10 | M | A | 3,698 | — | 276,055 | I | — | — | (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. |
| 9 | Common | Class A Common Stock | 2023-11-10 | M | A | 276 | — | 1,780,164 | D Held by the Paul Liberman 2020 Trust | — | — | (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. |
| 10 | Derivative | Warrants for Common Stock | 2023-11-10 | M | D | 3,698 | $0.00 | 0 | I | $11.50 · 2020-05-23 to 2025-04-23 | 3,698 Class A Common Stock | (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. |
| 11 | Derivative | Warrants for Common Stock | 2023-11-10 | M | D | 2,818 | $0.00 | 0 | I | $11.50 · 2020-05-23 to 2025-04-23 | 2,818 Class A Common Stock | (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. |
| 12 | Derivative | Warrants for Common Stock | 2023-11-10 | M | D | 276 | $0.00 | 0 | D | $11.50 · 2020-05-23 to 2025-04-23 | 276 Class A Common Stock | (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. |
| 13 | Derivative | Restricted Stock Units | 2023-11-09 | M | D | 28,308 | $0.00 | 254,779 | D Held by the Paul Liberman 2020 Trust | — · — to — | 28,308 Class A Common Stock | (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. (F5) On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years. |
| 14 | Derivative | Stock Option | 2023-11-09 | M | D | 2,518 | $0.00 | 110,118 | D Held by the Paul Liberman 2015 Revocable Trust | $4.70 · — to 2029-06-04 | 2,518 Class A 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. |