Liberman Paul 4

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.