DraftKings (NASDAQ: DKNG) insider Liberman gets RSUs, gifts 400K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DraftKings director and officer Paul Liberman reported multiple equity transactions involving company stock and awards. Trusts associated with him exercised stock options for 400,000 shares of Class A Common Stock at an exercise price of $3.29 per share, with the aggregate exercise price and tax withholdings paid in cash. He also received an award of 531,208 restricted stock units on February 17, 2026, scheduled to vest quarterly over four years from March 1, 2026.
Earlier in the period, 51,464 RSUs vested, delivering Class A shares while 22,273 shares were withheld to cover taxes. In addition, there were bona fide gifts totaling 400,000 shares of Class A Common Stock to family trusts, with the filing noting no purchase or sale occurred in connection with those transfers. The report also updates direct and indirect holdings across several Liberman-related trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
400,000 shares exercised/converted
Mixed
10 txns
Insider
Liberman Paul
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 400,000 | $0.00 | -- |
| Gift | Class A Common Stock | 200,000 | $0.00 | -- |
| Gift | Class A Common Stock | 200,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 400,000 | $3.29 | $1.32M |
| Grant/Award | Restricted Stock Units | 531,208 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 51,464 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 22,273 | $21.76 | $485K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options — 1,111,843 shares (Indirect, Held by the Paul Liberman 2015 Revocable Trust);
Class A Common Stock — 48,837 shares (Direct);
Class A Common Stock — 200,000 shares (Indirect, Held by the Rachel Nager Liberman 2015 Revocable Trust);
Restricted Stock Units — 531,208 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock. Represents the vesting of the RSUs granted pursuant to the Issuer's 2020 Incentive Award Plan, which vested upon the achievement of certain performance goals. 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 51,464 shares of Class A Common Stock underlying the RSUs listed in Table I, and 22,273 shares of Class A Common Stock withheld by the Issuer. Reflects the transfer of 588,074 shares of the Issuer's Class A Common Stock previously reported as directly held by the Reporting Person to the Paul Liberman 2015 Revocable Trust, a revocable 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. Represents a bona fide gift of 200,000 shares of Class A Common Stock previously reported as directly held by the Reporting Person to the Rachel Nager Liberman 2015 Revocable Trust. There was no purchase or sale of shares of Class A Common Stock or stock options in connection with the transfer. The Reporting Person acquired shares of Class A Common Stock of the Issuer upon the exercise of stock options and paid the aggregate exercise price and the tax withholdings in cash. On February 17, 2026, the Reporting Person was granted 531,208 RSUs vesting quarterly over four (4) years from March 1, 2026. These stock options were granted on May 3, 2018. As of the date hereof, all such remaining stock options have vested.
FAQ
What insider transactions did Paul Liberman report in DraftKings (DKNG) stock?
Paul Liberman reported option exercises, RSU activity, and gifts. Trusts associated with him exercised options into 400,000 DraftKings Class A shares, RSUs vested and were granted, and a total of 400,000 shares were transferred as bona fide gifts to family trusts.
How many DraftKings options did Paul Liberman exercise in this Form 4?
Trusts associated with Paul Liberman exercised stock options for 400,000 DraftKings Class A shares. The options had an exercise price of $3.29 per share, and the filing states the aggregate exercise price and related tax withholdings were paid in cash rather than by selling or delivering additional shares.
What new restricted stock units did Paul Liberman receive from DraftKings (DKNG)?
On February 17, 2026, Paul Liberman was granted 531,208 restricted stock units. Each RSU represents one DraftKings Class A share and is scheduled to vest quarterly over four years starting March 1, 2026, subject to continued service and the company’s standard equity award terms.
How were taxes handled on Paul Liberman’s DraftKings RSU vesting?
When 51,464 RSUs vested into DraftKings Class A shares, 22,273 shares were withheld. The filing explains these withheld shares went to the issuer to satisfy tax liabilities, while Liberman received the remaining shares, consistent with standard equity compensation tax-withholding practices.