Filing Details
- Accession Number:
- 0001104659-23-058632
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-05-10 20:02:57
- Reporting Period:
- 2023-05-08
- Accepted Time:
- 2023-05-10 20:02:57
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1883685 | Draftkings Inc. | DKNG | () | 4 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1810204 | Paul Liberman | C/O Draftkings Inc. 222 Berkeley Street, 5Th Floor Boston MA 02116 | See Remarks | Yes | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Class A Common Stock | Disposition | 2023-05-08 | 133,333 | $24.34 | 1,393,917 | No | 4 | S | Indirect | Held by the Paul Liberman 2015 Revocable Trust |
Class A Common Stock | Acquisiton | 2023-05-09 | 28,309 | $0.00 | 1,725,786 | No | 4 | M | Direct | |
Class A Common Stock | Disposition | 2023-05-09 | 12,576 | $24.38 | 1,713,210 | No | 4 | F | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Indirect | Held by the Paul Liberman 2015 Revocable Trust |
No | 4 | M | Direct | |
No | 4 | F | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Class A Common Stock | Restricted Stock Units | Disposition | 2023-05-09 | 28,309 | $0.00 | 28,309 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
311,396 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Class A Common Stock | 272,357 | Indirect | Held by the Paul Liberman 2020 Trust |
Class A Common Stock | 13,597 | Indirect | Held by the Liberman Grantor Retained Annuity Trust of 2020 |
Class A Common Stock | 200,000 | Indirect | Held by the Rachel Nager Liberman 2015 Revocable Trust |
Class A Common Stock | 200,000 | Indirect | Held by the Paul Liberman 2020 Irrevocable Trust |
Footnotes
- 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 28,309 shares of Class A Common Stock underlying the RSU listed in Table II, and 12,576 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.
- The reported sale was made pursuant to a pre-arranged program for selling shares of Class A Common Stock adopted on February 24, 2023 (as amended) pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.94 to $24.85, 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 this footnote 3 to this Form 4.
- On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years.