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DraftKings Inc. — Director's Dealing 2024
Feb 24, 2024
30277_dirs_2024-02-23_d38de27c-93a4-4220-8fcd-0e1afb6f76c5.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: DraftKings Inc. (DKNG)
CIK: 0001883685
Period of Report: 2024-02-22
Reporting Person: Liberman Paul (Director, See Remarks)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-22 | Class A Common Stock | M | 5318 | — | Acquired | 721626 | Direct |
| 2024-02-22 | Class A Common Stock | F | 2572 | $40.84 | Disposed | 719054 | Direct |
| 2024-02-22 | Class A Common Stock | G | 200000 | — | Disposed | 0 | Indirect |
| 2024-02-22 | Class A Common Stock | G | 200000 | — | Acquired | 200000 | Indirect |
| 2024-02-23 | Class A Common Stock | G | 13597 | — | Disposed | 0 | Indirect |
| 2024-02-23 | Class A Common Stock | G | 13597 | — | Acquired | 213597 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-22 | Restricted Stock Units | $ | M | 5318 | Disposed | Class A Common Stock (5318) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 2291406 | Indirect |
| Class A Common Stock | 274617 | Indirect |
Footnotes
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 5,318 shares of Class A Common Stock underlying the RSUs listed in Table II, and 2,572 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: Represents a bona fide gift of 200,000 shares of Class A Common Stock previously reported as indirectly held by the Rachel Nager Liberman 2015 Revocable Trust to the Rachel Nager Liberman Irrevocable Trust - 2022. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.
F3: Represents a bona fide gift of 13,597 shares of Class A Common Stock previously reported as indirectly held by the Liberman Grantor Retained Annuity Trust of 2020 to the Paul Liberman 2020 Irrevocable Trust. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer.
F4: On February 22, 2021, the Reporting Person was granted 85,078 RSUs vesting quarterly over 4 years.