Liberman Paul 4
4 · DraftKings Inc. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
DraftKings (DKNG) Director Paul Liberman Receives RSUs; Shares Withheld
What Happened
- Paul Liberman, President, Operations at DraftKings, had RSUs vest on June 1, 2026 and received a net total of 72,860 shares of Class A common stock. To satisfy withholding tax obligations, 35,230 shares were withheld by the issuer (treated as dispositions) at $26.33 per share, generating approximately $927,606 in tax withholdings.
- The filing records the RSU settlements as derivative conversions/exercises (transaction code M) and the withholding as payment of tax liability (code F). The derivative/conversion entries showing $0.00 reflect the conversion/settlement of RSUs into shares rather than a cash option exercise.
Key Details
- Transaction date: 2026-06-01. Withholding sale price: $26.33 per share.
- Net shares received: 72,860. Shares withheld for taxes: 35,230 (total withholding proceeds ≈ $927,606).
- Grants referenced: RSU awards granted Feb 13, 2023 (352,941 RSUs), Feb 12, 2024 (154,392 RSUs), Feb 10, 2025 (127,211 RSUs), and Feb 17, 2026 (531,208 RSUs), each vesting quarterly over four years from March 1 of the grant year (footnotes F5–F8).
- Filing notes that no shares were sold on the open market — shares were withheld by the issuer to cover taxes (footnotes F1–F4).
- Shares owned after the transaction are not provided in the excerpt; see the full Form 4 for total beneficial ownership. No late-filing flag is indicated in the provided data.
Context
- This was a routine RSU vesting and issuer share-withholding to cover taxes (a cashless settlement), not an open-market sale or purchase. Such withholding transactions are administrative and do not necessarily signal insider buying or selling intent.
Insider Transaction Report
Form 4
DraftKings Inc.DKNG
Liberman Paul
DirectorSee Remarks
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-01+22,059→ 91,378 total - Tax Payment
Class A Common Stock
2026-06-01$26.33/sh−10,666$280,836→ 80,712 total - Exercise/Conversion
Class A Common Stock
[F2]2026-06-01+9,650→ 90,362 total - Tax Payment
Class A Common Stock
2026-06-01$26.33/sh−4,666$122,856→ 85,696 total - Exercise/Conversion
Class A Common Stock
[F3]2026-06-01+7,951→ 93,647 total - Tax Payment
Class A Common Stock
2026-06-01$26.33/sh−3,845$101,239→ 89,802 total - Exercise/Conversion
Class A Common Stock
[F4]2026-06-01+33,200→ 123,002 total - Tax Payment
Class A Common Stock
2026-06-01$26.33/sh−16,053$422,675→ 106,949 total - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-06-01−22,059→ 66,176 total→ Class A Common Stock (22,059 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F6]2026-06-01−9,650→ 67,546 total→ Class A Common Stock (9,650 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F7]2026-06-01−7,951→ 87,458 total→ Class A Common Stock (7,951 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F8]2026-06-01−33,200→ 498,008 total→ Class A Common Stock (33,200 underlying)
Holdings
- 1,669,955(indirect: By Trust)
Class A Common Stock
- 213,597(indirect: By Trust)
Class A Common Stock
- 200,000(indirect: By Trust)
Class A Common Stock
- 200,000(indirect: By Trust)
Class A Common Stock
- 100,000(indirect: By Trust)
Class A Common Stock
Footnotes (8)
- [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 22,059 shares of Class A Common Stock underlying the RSUs listed in Table II, and 10,666 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]No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 9,650 shares of Class A Common Stock underlying the RSUs listed in Table II, and 4,666 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.
- [F3]No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 7,951 shares of Class A Common Stock underlying the RSUs listed in Table II, and 3,845 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.
- [F4]No shares of Class A Common Stock were transferred or sold upon the vesting of the RSUs other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 33,200 shares of Class A Common Stock underlying the RSUs listed in Table II, and 16,053 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.
- [F5]On February 13, 2023, the Reporting Person was granted 352,941 RSUs vesting quarterly over four (4) years from March 1, 2023.
- [F6]On February 12, 2024, the Reporting Person was granted 154,392 RSUs vesting quarterly over four (4) years from March 1, 2024.
- [F7]On February 10, 2025, the Reporting Person was granted 127,211 RSUs vesting quarterly over four (4) years from March 1, 2025.
- [F8]On February 17, 2026, the Reporting Person was granted 531,208 RSUs vesting quarterly over four (4) years from March 1, 2026.
Signature
/s/ Faisal Hasan, attorney-in-fact|2026-06-02