AI assistant
DraftKings Inc. — Director's Dealing 2024
Jun 28, 2024
30277_dirs_2024-06-27_7c9c2d02-fec0-4162-864f-262f50a1365f.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: DraftKings Inc. (DKNG)
CIK: 0001883685
Period of Report: 2024-06-25
Reporting Person: Liberman Paul (Director, See Remarks)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-06-25 | Class A Common Stock | S | 300937 | $38.43 | Disposed | 1990469 | Indirect |
| 2024-06-25 | Class A Common Stock | S | 299298 | $39.25 | Disposed | 1691171 | Indirect |
| 2024-06-25 | Class A Common Stock | S | 44771 | $38.43 | Disposed | 229846 | Indirect |
| 2024-06-25 | Class A Common Stock | S | 23884 | $39.32 | Disposed | 205962 | Indirect |
| 2024-06-26 | Class A Common Stock | M | 88441 | $0.63 | Acquired | 1779612 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-06-26 | Stock Option | $0.63 | M | 88441 | Disposed | 2025-02-18 | Class A Common Stock (88441) | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 779522 | Direct |
| Class A Common Stock | 213597 | Indirect |
| Class A Common Stock | 200000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option | $0.63 | 2025-02-18 | Class A Common Stock (88441) | 74097 | Direct |
| Stock Option | $0.63 | 2025-02-18 | Class A Common Stock (88441) | 88441 | Indirect |
Footnotes
F1: The reported sales were made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on March 5, 2024 pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.98 to $38.97, 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 2, 3, 4 and 5 to this Form 4.
F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.98 to $39.80, inclusive. See the last sentence of footnote 2 to this Form 4 above.
F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.98 to $38.95, inclusive. See the last sentence of footnote 2 to this Form 4 above.
F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.99 to $39.80, inclusive. See the last sentence of footnote 2 to this Form 4 above.
F6: The Reporting Person acquired shares of Class A Common Stock of the Issuer upon the exercise of stock options and payment of the aggregate exercise price in cash.
F7: These stock options were granted on February 10, 2016. As of the date hereof, all such remaining stock options have vested.
F8: 88,441 stock options previously reported as held directly by the Reporting Person. There was no purchase or sale in connection with the transfer to the trust.