Liberman Paul's Form 4 filing
DraftKings Inc. (DKNG) · filed Mar 1, 2023
- Accession no.
- 0001104659-23-027530
- Filed
- Mar 1, 2023
- Trade date
- Feb 27-Mar 1, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 7 non-derivative transactions and 2 derivative transactions. Open-market sales total $10.5M. It was filed 2 days after the trade.
This filing was later replaced by the amendment 0001104659-23-028115 (Mar 2, 2023). Trade tables on this site use the amended version.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Liberman PaulCIK 0001810204 | Director, Officer (See Remarks) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 27, 2023 | Class A Common Stock | AGrant or awardAcquired | +500,000 | $0.00F1 | $0 | 1,465,420 | Direct | |
| Feb 27, 2023 | Class A Common Stock | AGrant or awardAcquired | +127,617 | $0.00F2 | $0 | 1,593,037 | Direct | |
| Feb 28, 2023 | Class A Common Stock | AGrant or awardAcquired | +500,000 | $0.00F1 | $0 | 2,093,037 | Direct | |
| Feb 28, 2023 | Class A Common Stock | AGrant or awardAcquired | +127,617 | $0.00F2 | $0 | 2,220,654 | Direct | |
| Feb 28, 2023 | Class A Common Stock | SSaleDisposed | −278,634 | $18.78F3 | −$5,232,746.52 | 1,942,020 | Direct | |
| Feb 28, 2023 | Class A Common Stock | MOption exerciseAcquired | +13,584 | –F4 | – | 1,955,604 | Direct | |
| Mar 1, 2023 | Class A Common Stock | SSaleDisposed | −281,704 | $18.64F5 | −$5,250,962.56 | 1,673,900 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 28, 2023 | Class A Common Stock | AGrant or awardAcquired | +13,584 | $0.00 | $0 | 13,584 | Direct | |
| Feb 28, 2023 | Class A Common Stock | MOption exerciseDisposed | −13,584 | $0.00 | $0 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
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.
Referenced by the price of 2 transactions in Table I.
- F2
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.
Referenced by the price of 2 transactions in Table I.
- F3
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.
Referenced by the price of 1 transaction in Table I.
- F4
No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs.
Referenced by the price of 1 transaction in Table I.
- F5
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.
Referenced by the price of 1 transaction in Table I.
Remarks
President, Global Technology and Product