Liberman Paul 4

4 · DraftKings Inc. · Filed Feb 11, 2026

AI-generated summary of this filing

Updated Feb 11, 2026

DraftKings President Paul Liberman Receives RSU Shares; 8,663 Withheld

What Happened

Paul Liberman, President, Operations of DraftKings (DKNG), had RSUs vest on Feb 9, 2026. A total of 36,972 RSU shares vested: 28,309 shares were delivered to him and 8,663 shares were withheld by the company to cover tax withholding.
The withheld shares were valued at $27.22 each, totaling $235,807. The filing shows the RSUs converting into Class A common stock (reported as derivative exercises/conversions).

Key Details

Transaction date: February 9, 2026 (filed February 11, 2026) — filing appears timely (within two business days).
Vesting: 36,972 RSUs converted to shares (28,309 shares delivered; 8,663 shares withheld for taxes).
Withholding price/value: $27.22 per share; withheld shares value = $235,807.
Footnotes: No open‑market sale occurred; shares were only withheld by the issuer to satisfy tax obligations. The RSUs reported stem from a grant of 452,940 RSUs on Feb 9, 2022 that vest quarterly over four years.
Shares owned after transaction: Not specified in this Form 4.

Context

This was not a market purchase or discretionary sale but a standard RSU vesting event with a cashless share‑withholding to cover taxes. Such withholding is routine and does not necessarily signal the insider's view on the stock.

Form 4

Period: 2026-02-09

DirectorSee Remarks

Transactions

Exercise/Conversion
Class A Common Stock
[F1]
2026-02-09+28,309→ 816,383 total
Tax Payment
Class A Common Stock
2026-02-09$27.22/sh−8,663$235,807→ 807,720 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-02-09−28,309→ 0 total
→ Class A Common Stock (28,309 underlying)

Holdings

Footnotes (2)

[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 28,309 shares of Class A Common Stock underlying the RSUs listed in Table II, and 8,663 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]On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years.

Signature

/s/ Faisal Hasan, attorney-in-fact|2026-02-11

1 file