DraftKings (DKNG) officer reports RSU vesting and tax share withholdings

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.

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

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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, 5TH FLOOR

(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)
03/01/2026

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	03/01/2026		M		22,059	A	(1)	70,896	D
Class A Common Stock	03/01/2026		F		10,666	D	$23.84	60,230	D
Class A Common Stock	03/01/2026		M		9,649	A	(2)	69,879	D
Class A Common Stock	03/01/2026		F		4,666	D	$23.84	65,213	D
Class A Common Stock	03/01/2026		M		7,950	A	(3)	73,163	D
Class A Common Stock	03/01/2026		F		3,844	D	$23.84	69,319	D
Class A Common Stock								1,669,955	I	Held by the Paul Liberman 2015 Revocable Trust
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
Class A Common Stock								200,000	I	Held by the Rachel Nager Liberman 2015 Revocable Trust
Class A Common Stock								100,000	I	Held by the Liberman Grantor Retained Annuity Trust of 2025

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
Restricted Stock Units	(1)	03/01/2026		M			22,059	(4)	(4)	Class A Common Stock	22,059	$0	88,235	D
Restricted Stock Units	(2)	03/01/2026		M			9,649	(5)	(5)	Class A Common Stock	9,649	$0	77,196	D
Restricted Stock Units	(3)	03/01/2026		M			7,950	(6)	(6)	Class A Common Stock	7,950	$0	95,409	D

Explanation of Responses:

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.

2. 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.

3. 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.

4. On February 13, 2023, the Reporting Person was granted 352,941 RSUs vesting quarterly over four (4) years from March 1, 2023.

5. On February 12, 2024, the Reporting Person was granted 154,392 RSUs vesting quarterly over four (4) years from March 1, 2024.

6. On February 10, 2025, the Reporting Person was granted 127,211 RSUs vesting quarterly over four (4) years from March 1, 2025.

Remarks:

President, Operations

	/s/ Faisal Hasan, attorney-in-fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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.

Were any DraftKings (DKNG) shares sold by Paul Liberman on the open market?

No open-market sales were reported. Footnotes explain that shares were only transferred to DraftKings to satisfy withholding taxes upon RSU vesting. The remaining shares from each RSU tranche were delivered to Paul Liberman as Class A common 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.