0001104659-23-117431.txt : 20231113
0001104659-23-117431.hdr.sgml : 20231113
20231113200238
ACCESSION NUMBER: 0001104659-23-117431
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231109
FILED AS OF DATE: 20231113
DATE AS OF CHANGE: 20231113
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: 231401057
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
tm2330505-5_4seq1.xml
OWNERSHIP DOCUMENT
X0508
4
2023-11-09
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
0
Class A Common Stock
2023-11-09
4
M
0
2518
4.7
A
1765267
D
Class A Common Stock
2023-11-09
4
M
0
28308
A
1793575
D
Class A Common Stock
2023-11-09
4
F
0
13687
34.81
D
1779888
D
Class A Common Stock
2023-11-10
4
M
0
276
A
1780164
D
Class A Common Stock
2023-11-10
4
F
0
108
29.57
D
1780056
D
Class A Common Stock
2023-11-10
4
M
0
2818
A
1196734
I
Held by the Paul Liberman 2015 Revocable Trust
Class A Common Stock
2023-11-10
4
F
0
1096
29.57
D
1195638
I
Held by the Paul Liberman 2015 Revocable Trust
Class A Common Stock
2023-11-10
4
M
0
3698
A
276055
I
Held by the Paul Liberman 2020 Trust
Class A Common Stock
2023-11-10
4
F
0
1438
29.57
D
274617
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
Stock Option
4.7
2023-11-09
4
M
0
2518
0.00
D
2029-06-04
Class A Common Stock
2518
110118
D
Restricted Stock Units
2023-11-09
4
M
0
28308
0.00
D
Class A Common Stock
28308
254779
D
Warrants for Common Stock
11.5
2023-11-10
4
M
0
276
0.00
D
2020-05-23
2025-04-23
Class A Common Stock
276
0
D
Warrants for Common Stock
11.5
2023-11-10
4
M
0
2818
0.00
D
2020-05-23
2025-04-23
Class A Common Stock
2818
0
I
Held by the Paul Liberman 2015 Revocable Trust
Warrants for Common Stock
11.5
2023-11-10
4
M
0
3698
0.00
D
2020-05-23
2025-04-23
Class A Common Stock
3698
0
I
Held by the Paul Liberman 2020 Trust
The Reporting Person acquired shares of Class A Common Stock of the Issuer after the exercise of stock options in an exercise-and-hold transaction, and paid the aggregate exercise price and the tax withholdings in cash.
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 28,308 shares of Class A Common Stock underlying the RSU listed in Table II, and 13,687 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 Reporting Person acquired shares of Class A Common Stock of the Issuer after the exchange of warrants for common stock for $11.50 per share on a cashless basis in a private transaction entered into between the Reporting Person and the Issuer. The Reporting Person received the net of 6,792 shares of Class A Common Stock underlying the warrants for common stock listed in Table II, and 2,642 shares of Class A Common Stock withheld by the issuer in consideration of the exercise of the warrants for common stock.
These stock options were granted on June 4, 2019. As of the date hereof, all these stock options are vested and currently exercisable. On March 3, 2023, the Reporting Person's options were reported on a disaggregated basis, excluding 110,200 options from the Reporting Person's beneficial holdings on Column 9 previously reported on May 9, 2022. The number of options in Column 9 now reflects the aggregated beneficial holdings of the Reporting Person.
On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years.
Each warrant to purchase Class A Common Stock is exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share.
President, Global Technology and Product
/s/ Faisal Hasan, attorney-in-fact
2023-11-13