0001104659-23-027530.txt : 20230301 0001104659-23-027530.hdr.sgml : 20230301 20230301203334 ACCESSION NUMBER: 0001104659-23-027530 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230227 FILED AS OF DATE: 20230301 DATE AS OF CHANGE: 20230301 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Liberman Paul CENTRAL INDEX KEY: 0001810204 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41379 FILM NUMBER: 23696076 MAIL ADDRESS: STREET 1: 222 BERKELEY STREET STREET 2: FLOOR 5 CITY: BOSTON STATE: MA ZIP: 02116 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: DraftKings Inc. CENTRAL INDEX KEY: 0001883685 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 000000000 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 222 BERKELEY STREET CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: (617) 986-6744 MAIL ADDRESS: STREET 1: 222 BERKELEY STREET CITY: BOSTON STATE: MA ZIP: 02116 FORMER COMPANY: FORMER CONFORMED NAME: New Duke Holdco, Inc. DATE OF NAME CHANGE: 20210917 4 1 tm238278-1_4.xml OWNERSHIP DOCUMENT X0306 4 2023-02-27 0 0001883685 DraftKings Inc. DKNG 0001810204 Liberman Paul C/O DRAFTKINGS INC. 222 BERKELEY STREET, 5TH FLOOR BOSTON MA 02116 1 1 0 0 See Remarks Class A Common Stock 2023-02-27 4 A 0 500000 0 A 1465420 D Class A Common Stock 2023-02-27 4 A 0 127617 0 A 1593037 D Class A Common Stock 2023-02-28 4 A 0 500000 0 A 2093037 D Class A Common Stock 2023-02-28 4 A 0 127617 0 A 2220654 D Class A Common Stock 2023-02-28 4 S 0 278634 18.78 D 1942020 D Class A Common Stock 2023-02-28 4 M 0 13584 A 1955604 D Class A Common Stock 2023-03-01 4 S 0 281704 18.64 D 1673900 D Class A Common Stock 1527250 I Held by the Paul Liberman 2015 Revocable Trust Class A Common Stock 272357 I Held by the Paul Liberman 2020 Trust Class A Common Stock 13597 I Held by the Liberman Grantor Retained Annuity Trust of 2020 Class A Common Stock 200000 I Held by the Rachel Nager Liberman 2015 Revocable Trust Class A Common Stock 200000 I Held by the Paul Liberman 2020 Irrevocable Trust Restricted Stock Units 2023-02-28 4 A 0 13584 0.00 A Class A Common Stock 13584 13584 D Restricted Stock Units 2023-02-28 4 M 0 13584 0.00 D Class A Common Stock 13584 0 D Represents the vesting of the restricted stock units ("RSUs") granted pursuant to the Issuer's 2020 Incentive Award Plan (the "Plan"), which vested upon the achievement of certain performance goals. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. Represents the vesting of the performance-based restricted stock units ("PSUs") granted pursuant to the Plan, which vested upon the achievement of certain performance criteria. Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.53 to $19.53, 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 3 and 5 to this Form 4. No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and PSUs. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.47 to $19.47, inclusive. See the last sentence of footnote 3 above. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs were granted and became fully vested on February 28, 2023. President, Global Technology and Product /s/ Faisal Hasan, attorney-in-fact 2023-03-01