Liberman Paul 4

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.