DraftKings president gets 72,859 shares on RSUs
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Form Type
4
Rhea-AI Filing Summary
DraftKings Inc. (DKNG) insider Paul Liberman, a director and President, Operations, reported the vesting on September 1, 2026 of four tranches of restricted stock units converting into a total of 72,859 shares of Class A Common Stock, with 35,230 shares withheld at $23.44 per share to satisfy tax withholding obligations and no open‑market sales. Following these transactions, Class A shares are held indirectly through several Liberman-related trusts, including 1,669,955 shares held by the Paul Liberman 2015 Revocable Trust.
Insider Trade Summary
72,859 shares exercised/converted
Exercise
17 txns
Insider
Liberman Paul
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F5 | 22,058 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F6 | 9,649 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F7 | 7,951 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F4, F8 | 33,201 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 22,058 | -- | -- |
| Exercise Price or Tax Liability | Class A Common Stock | 10,666 | $23.44 | $250K |
| Exercise | Class A Common Stock F2 | 9,649 | -- | -- |
| Exercise Price or Tax Liability | Class A Common Stock | 4,666 | $23.44 | $109K |
| Exercise | Class A Common Stock F3 | 7,951 | -- | -- |
| Exercise Price or Tax Liability | Class A Common Stock | 3,845 | $23.44 | $90K |
| Exercise | Class A Common Stock F4 | 33,201 | -- | -- |
| Exercise Price or Tax Liability | Class A Common Stock | 16,053 | $23.44 | $376K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 646,329 contracts (Direct);
Class A Common Stock — 144,578 shares (Direct);
Class A Common Stock — 1,669,955 shares (Indirect, Held by the Paul Liberman 2015 Revocable Trust);
Class A Common Stock — 213,597 shares (Indirect, Held by the Paul Liberman 2020 Irrevocable Trust);
Class A Common Stock — 200,000 shares (Indirect, Held by the Rachel Nager Liberman Irrevocable Trust - 2022);
Class A Common Stock — 200,000 shares (Indirect, Held by the Rachel Nager Liberman 2015 Revocable Trust);
Class A Common Stock — 100,000 shares (Indirect, Held by the Liberman Grantor Retained Annuity Trust of 2025)
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 22,058 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 9,649 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 33,201 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.
Key Figures
RSUs vested into Class A Common Stock: 72,859 shares
Shares withheld for taxes (batch 1): 10,666 shares
Shares withheld for taxes (batch 2): 4,666 shares
+4 more
7 metrics
RSUs vested into Class A Common Stock
72,859 shares
Total RSUs vesting and converting on September 1, 2026
Shares withheld for taxes (batch 1)
10,666 shares
Withheld at RSU vesting relating to 22,058 underlying shares
Shares withheld for taxes (batch 2)
4,666 shares
Withheld at RSU vesting relating to 9,649 underlying shares
Shares withheld for taxes (batch 3)
3,845 shares
Withheld at RSU vesting relating to 7,951 underlying shares
Shares withheld for taxes (batch 4)
16,053 shares
Withheld at RSU vesting relating to 33,201 underlying shares
Withholding share price
$23.44 per share
Price used by DraftKings for shares withheld to satisfy tax obligations
Indirect holding – Paul Liberman 2015 Revocable Trust
1,669,955 shares
Post-transaction Class A Common Stock held indirectly through this trust
Key Terms
Restricted Stock Units, withholding taxes, revocable trust, irrevocable trust, +1 more
5 terms
Restricted Stock Units financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withholding taxes financial
"No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units other than to the Issuer to satisfy withholding taxes."
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
revocable trust financial
"Held by the Paul Liberman 2015 Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
irrevocable trust financial
"Held by the Paul Liberman 2020 Irrevocable Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
Grantor Retained Annuity Trust financial
"Held by the Liberman Grantor Retained Annuity Trust of 2025"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did DraftKings (DKNG) insider Paul Liberman report on this Form 4?
He reported the vesting of 72,859 restricted stock units into Class A Common Stock on September 1, 2026, with a portion of the resulting shares withheld by DraftKings to cover tax withholding obligations and no open-market stock sales disclosed.
Were any of Paul Liberman’s DraftKings (DKNG) transactions under a Rule 10b5-1 plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported for these transactions, meaning the RSU vesting and related tax-withholding dispositions are not described as occurring under a pre-arranged trading plan.
What indirect DraftKings (DKNG) holdings are reported for Paul Liberman after these transactions?
Indirect holdings include 1,669,955 shares held by the Paul Liberman 2015 Revocable Trust, 213,597 shares by the Paul Liberman 2020 Irrevocable Trust, 200,000 shares by each of two Rachel Nager Liberman trusts, and 100,000 shares by the Liberman Grantor Retained Annuity Trust of 2025.
What RSU grant schedules are referenced in Paul Liberman’s DraftKings (DKNG) Form 4?
The filing references RSU grants of 352,941 units on February 13, 2023, 154,392 units on February 12, 2024, 127,211 units on February 10, 2025, and 531,208 units on February 17, 2026, each vesting quarterly over four years starting the following March 1.
AI-generated analysis. How Rhea-AI works. Not financial advice.
