Insider Trading Arrangements |
3 Months Ended |
|---|---|
|
Mar. 31, 2024
shares
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| Trading Arrangements, by Individual | |
| Non-Rule 10b5-1 Arrangement Adopted | false |
| Rule 10b5-1 Arrangement Terminated | false |
| Non-Rule 10b5-1 Arrangement Terminated | false |
| Paul Liberman [Member] | |
| Trading Arrangements, by Individual | |
| Material Terms of Trading Arrangement | On March 5, 2024, the Paul Liberman 2015 Revocable Trust and the Paul Liberman 2020 Trust, for each of which our President, Global Technology and Product and a member of our board of directors, Paul Liberman, retains investment power, entered into a trading arrangement designed to satisfy the affirmative defense conditions of Rule 10b5-1 under the Exchange Act (the “Liberman 10b5-1 Plan”). The Liberman 10b5-1 Plan provides for the sale of up to 2,653,764 shares of the Company’s Class A common stock held by the Paul Liberman 2015 Revocable Trust and 274,617 shares of the Company’s Class A common stock held by the Paul Liberman 2020 Trust and terminates on June 24, 2025, or earlier if all transactions under such trading arrangement are completed.
|
| Name | Paul Liberman |
| Title | President, Global Technology and Product and a member of our board of directors |
| Rule 10b5-1 Arrangement Adopted | true |
| Adoption Date | March 5, 2024 |
| Arrangement Duration | 111 days |
| Matthew Kalish [Member] | |
| Trading Arrangements, by Individual | |
| Material Terms of Trading Arrangement | On February 28, 2024, our President, DraftKings North America and a member of our board of directors, Matthew Kalish, entered into a prepaid variable forward sale contract with an unaffiliated third-party buyer, which may constitute a non-Rule 10b5-1 trading arrangement (the “PVF Contract”). The PVF Contract obligates Mr. Kalish to deliver to such unaffiliated third-party buyer up to an aggregate of 1,150,000 shares of the Company’s Class A common stock following the March 8, 2027 maturity date. |
| Name | Matthew Kalish |
| Title | President, DraftKings North America and a member of our board of directors |
| Rule 10b5-1 Arrangement Adopted | true |
| Adoption Date | February 28, 2024 |
| Arrangement Duration | 1104 days |
| Aggregate Available | 1,150,000 |
| Paul Liberman Rule Trading Arrangement, 2015 Trust, Common Stock [Member] | Paul Liberman [Member] | |
| Trading Arrangements, by Individual | |
| Aggregate Available | 2,653,764 |
| Paul Liberman Rule Trading Arrangement, 2020 Trust, Common Stock [Member] | Paul Liberman [Member] | |
| Trading Arrangements, by Individual | |
| Aggregate Available | 274,617 |