DraftKings (DKNG) executive reports 75,000-share gift, 100,000-share transfer

Rhea-AI Filing Summary

DraftKings Inc. reported an insider transaction by a director and President, Operations involving a gift and an internal trust transfer of Class A common stock. On 12/09/2025, the reporting person made a bona fide gift of 75,000 shares of Class A common stock to a charitable donor-advised fund, with no purchase or sale of shares in connection with the transfer. The filing also notes a transfer of 100,000 shares of Class A common stock from the Paul Liberman 2015 Revocable Trust to the Liberman Grantor Retained Annuity Trust of 2025, again with no purchase or sale of shares.

After these transactions, the reporting person beneficially owns 788,074 Class A shares directly, and indirectly holds 681,881 shares through the Paul Liberman 2015 Revocable Trust, 100,000 shares through the Liberman Grantor Retained Annuity Trust of 2025, 213,597 shares through the Paul Liberman 2020 Irrevocable Trust, and 200,000 shares through the Rachel Nager Liberman Irrevocable Trust - 2022.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Liberman Paul

(Last) (First) (Middle)

C/O DRAFTKINGS INC.

222 BERKELEY STREET, FLOOR 5

(Street)

BOSTON MA 02116

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DraftKings Inc. [ DKNG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
12/09/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	12/09/2025		G(1)		75,000	D	$0	681,881(2)	I	Held by the Paul Liberman 2015 Revocable Trust
Class A Common Stock								788,074	D
Class A Common Stock								100,000(2)	I	Held by the Liberman Grantor Retained Annuity Trust of 2025
Class A Common Stock								213,597	I	Held by the Paul Liberman 2020 Irrevocable Trust
Class A Common Stock								200,000	I	Held by the Rachel Nager Liberman Irrevocable Trust - 2022

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a bona fide gift of the Issuer's Class A Common Stock to a charitable donor-advised fund. There was no purchase or sale of shares of Class A Common Stock in connection with the transfer.

2. Reflects a transfer of 100,000 shares of the Issuer's Class A Common Stock previously reported as indirectly held by the Paul Liberman 2015 Revocable Trust to the Liberman Grantor Retained Annuity Trust of 2025, a trust of which the Reporting Person is the lifetime beneficiary and sole trustee. There was no purchase or sale of shares of Class A Common Stock in connection with the transfer.

Remarks:

President, Operations

	/s/ Faisal Hasan, attorney-in-fact	12/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did DraftKings Inc. (DKNG) disclose on 12/09/2025?

The reporting person made a bona fide gift of 75,000 shares of DraftKings Class A common stock to a charitable donor-advised fund on 12/09/2025, with no purchase or sale of shares in connection with the transfer.

How many DraftKings (DKNG) shares were transferred between trusts in this insider filing?

The filing reports a transfer of 100,000 shares of DraftKings Class A common stock from the Paul Liberman 2015 Revocable Trust to the Liberman Grantor Retained Annuity Trust of 2025, with no purchase or sale of shares in connection with the transfer.

What is the reporting persons role at DraftKings Inc. (DKNG)?

The reporting person is identified as both a Director and an Officer of DraftKings Inc., with the title President, Operations noted in the remarks.

How many DraftKings Class A shares does the insider beneficially own after these transactions?

Following the reported transactions, the insider beneficially owns 788,074 DraftKings Class A shares directly and indirectly holds 681,881 shares via the Paul Liberman 2015 Revocable Trust, 100,000 shares via the Liberman Grantor Retained Annuity Trust of 2025, 213,597 shares via the Paul Liberman 2020 Irrevocable Trust, and 200,000 shares via the Rachel Nager Liberman Irrevocable Trust - 2022.

Did the DraftKings (DKNG) insider sell any shares in this reported activity?

No. The filing explains that the 75,000-share transfer was a bona fide gift to a charitable donor-advised fund and the 100,000-share movement was a transfer between trusts, and that there was no purchase or sale of Class A common stock in connection with either transfer.