DraftKings (DKNG) executive logs RSU vesting and tax-share withholding
Rhea-AI Filing Summary
DraftKings Inc. director and officer Paul Liberman reported an equity award vesting and related tax withholding, not an open‑market trade. On February 9, 2026, 28,309 restricted stock units were converted into the same number of Class A shares, reflecting the exercise of previously granted awards.
To cover withholding taxes, 8,663 Class A shares were delivered back to DraftKings at $27.22 per share, with the remainder increasing Liberman’s direct holdings to 807,720 Class A shares. He also reports indirect ownership through several trusts holding 681,881, 213,597, 200,000 and 100,000 Class A shares, respectively.
The RSUs stem from a grant of 452,940 units awarded on February 9, 2022, scheduled to vest quarterly over four years, aligning compensation with the company’s long‑term performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 28,309 | $0.00 | -- |
| Exercise | Class A Common Stock | 28,309 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 8,663 | $27.22 | $236K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- 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 28,309 shares of Class A Common Stock underlying the RSUs listed in Table II, and 8,663 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. On February 9, 2022, the Reporting Person was granted 452,940 RSUs vesting quarterly over four (4) years.
