DraftKings (DKNG) officer reports RSU vesting and tax share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DraftKings Inc. director and officer Paul Liberman reported multiple restricted stock unit (RSU) vestings and related share withholdings for taxes. On March 1, 2026, RSU conversions delivered Class A common shares to him at $0.00 per share, reflecting non-cash equity compensation.
Across several RSU tranches, he acquired shares of Class A common stock through derivative exercises, while a portion of those shares was simultaneously surrendered to DraftKings at $23.84 per share to satisfy withholding tax obligations. Footnotes state that no shares were transferred or sold other than shares withheld by the issuer for taxes, indicating these are not open-market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
39,658 shares exercised/converted
Mixed
14 txns
Insider
Liberman Paul
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 22,059 | $0.00 | -- |
| Exercise | Restricted Stock Units | 9,649 | $0.00 | -- |
| Exercise | Restricted Stock Units | 7,950 | $0.00 | -- |
| Exercise | Class A Common Stock | 22,059 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 10,666 | $23.84 | $254K |
| Exercise | Class A Common Stock | 9,649 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 4,666 | $23.84 | $111K |
| Exercise | Class A Common Stock | 7,950 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 3,844 | $23.84 | $92K |
| 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 — 88,235 shares (Direct);
Class A Common Stock — 70,896 shares (Direct);
Class A Common Stock — 1,669,955 shares (Indirect, Held by the Paul Liberman 2015 Revocable Trust)
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 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. 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. 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 7,950 shares of Class A Common Stock underlying the RSUs listed in Table II, and 3,844 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 13, 2023, the Reporting Person was granted 352,941 RSUs vesting quarterly over four (4) years from March 1, 2023. On February 12, 2024, the Reporting Person was granted 154,392 RSUs vesting quarterly over four (4) years from March 1, 2024. On February 10, 2025, the Reporting Person was granted 127,211 RSUs vesting quarterly over four (4) years from March 1, 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did DraftKings (DKNG) executive Paul Liberman report in this Form 4?
Paul Liberman reported RSU vestings that converted into DraftKings Class A common shares on March 1, 2026, plus share withholdings to cover taxes. These transactions reflect equity compensation mechanics rather than open-market buying or selling of DKNG stock.
What transaction codes appear in Paul Liberman’s DraftKings (DKNG) Form 4?
The Form 4 shows code M for exercise or conversion of derivative securities, representing RSU vestings, and code F for share dispositions to pay withholding taxes. These codes indicate non-cash equity compensation events involving DraftKings Class A common stock.
How were taxes handled on Paul Liberman’s DraftKings (DKNG) RSU vesting?
When RSUs vested, a portion of the underlying DraftKings Class A shares was withheld by the company at $23.84 per share to cover tax obligations. Footnotes specify that no other transfers or sales occurred beyond these tax-withholding share deliveries.
What types of DraftKings (DKNG) securities are involved in this Form 4?
The filing involves restricted stock units, which are derivative securities, and the resulting DraftKings Class A common stock issued upon vesting. Each RSU represents a contingent right to receive one share of Class A common stock when vesting conditions are met.