Form 4: DraftKings Executive Paul Liberman Reports Stock Transactions
SEC Form 4 Filing
Paul Liberman, a Director and President of Global Technology and Product at DraftKings, reports the vesting of restricted stock units and related stock transactions.
Summary
- Paul Liberman, a Director and officer at DraftKings, filed a Form 4 detailing changes in his beneficial ownership of DraftKings stock.
- On August 22, 2024, 5,317 restricted stock units (RSUs) vested, resulting in the acquisition of 5,317 shares of Class A Common Stock.
- 2,571 shares were withheld by the issuer to satisfy tax obligations at a price of $35.25 per share.
- Liberman also transferred 12,105 shares to the Paul Liberman 2015 Revocable Trust.
- He continues to hold shares directly and indirectly through several trusts.
- The RSUs were granted on February 22, 2021, and vest quarterly over four years.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document is a standard regulatory filing detailing stock transactions.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 02/22/2021 | Date the Reporting Person was granted 85,078 RSUs vesting quarterly over 4 years |
| 08/22/2024 | Date of transaction: vesting of restricted stock units and stock transfer to trust. |
| 08/23/2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.