Form 4 for DKNG DraftKings Inc.
Accepted 2023-11-24 00:00:00 ET · period of report 2023-11-21 · accession 0001104659-23-121044 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-11-24 | 2023-11-22 | DKNG | Liberman Paul | See Remarks, Dir | F - Tax | $38.68 | -2,571 | 177.0K | -1% | -$99.4K |
| D | 2023-11-24 | 2023-11-22 | DKNG | Liberman Paul | See Remarks, Dir | M - OptEx | — | +5,317 | 179.6K | +3% | — |
| DMI | 2023-11-24 | 2023-11-21 | DKNG | Liberman Paul | See Remarks, Dir | G - Gift | $0.00 | 0 | 0 | New | $0 |
| D | 2023-11-24 | 2023-11-22 | DKNG | Liberman Paul | See Remarks, Dir | M - OptEx | $0.00 | -5,317 | 26.6K | -17% | $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 | 2023-11-22 | F | D | 2,571 | $38.68 | 177,034 | D | — | — | |
| 2 | Common | Class A Common Stock | 2023-11-22 | M | A | 5,317 | — | 179,605 | 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 5,317 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,571 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) Reflects transfer of 1,605,768 shares of Class A Common Stock that were 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. |
| 3 | Derivative | Stock Option | 2023-11-21 | G | A | 261,160 | $0.00 | 261,160 | I Held by the Paul Liberman 2020 Irrevocable Trust | $3.82 · — to 2027-05-03 | 261,160 Class A Common Stock | (F3) These options are vested and currently exercisable. |
| 4 | Derivative | Stock Option | 2023-11-21 | G | D | 184,968 | $0.00 | 0 | I Held by the Liberman Grantor Retained Annuity Trust of 2020 | $3.29 · — to 2028-04-18 | 184,968 Class A Common Stock | (F3) These options are vested and currently exercisable. |
| 5 | Derivative | Stock Option | 2023-11-21 | G | A | 184,968 | $0.00 | 184,968 | I Held by the Paul Liberman 2020 Irrevocable Trust | $3.29 · — to 2028-04-18 | 184,968 Class A Common Stock | (F3) These options are vested and currently exercisable. |
| 6 | Derivative | Stock Option | 2023-11-21 | G | D | 261,160 | $0.00 | 0 | I Held by the Liberman Grantor Retained Annuity Trust of 2020 | $3.82 · — to 2027-05-03 | 261,160 Class A Common Stock | (F3) These options are vested and currently exercisable. |
| 7 | Derivative | Stock Option | 2023-11-21 | G | A | 53,870 | $0.00 | 53,870 | I Held by the Paul Liberman 2020 Irrevocable Trust | $0.63 · — to 2026-03-24 | 53,870 Class A Common Stock | (F3) These options are vested and currently exercisable. |
| 8 | Derivative | Stock Option | 2023-11-21 | G | D | 53,870 | $0.00 | 0 | I Held by the Liberman Grantor Retained Annuity Trust of 2020 | $0.63 · — to 2026-03-24 | 53,870 Class A Common Stock | (F4) Reflects the transfer of 430,546 stock options previously reported as indirectly held by the Liberman Grantor Retained Annuity Trust of 2020 to the Reporting Person. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer. (F3) These options are vested and currently exercisable. |
| 9 | Derivative | Restricted Stock Units | 2023-11-22 | M | D | 5,317 | $0.00 | 26,587 | D | — · — to — | 5,317 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 5,317 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,571 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 22, 2021, the Reporting Person was granted 85,078 RSUs vesting quarterly over 4 years. |
| 10 | Derivative | Stock Option | 2023-11-21 | G | A | 56,359 | $0.00 | 56,359 | I Held by the Paul Liberman 2020 Irrevocable Trust | $4.70 · — to 2029-06-04 | 56,359 Class A Common Stock | (F3) These options are vested and currently exercisable. |
| 11 | Derivative | Stock Option | 2023-11-21 | G | D | 56,359 | $0.00 | 0 | I Held by the Liberman Grantor Retained Annuity Trust of 2020 | $4.70 · — to 2029-06-04 | 56,359 Class A Common Stock | (F3) These options are vested and currently exercisable. |