Liberman Paul

Liberman Paul’s SEC Form 4 activity over the past several months paints a clear picture of a net seller in DraftKings Inc. (DKNG), with no open-market purchases recorded during the period. Across 43 total filings, all concentrated in the single gaming and sports betting operator, Paul reported aggregate sales of approximately $12.19 million against zero buy-side dollar value. The most significant disposals occurred on March 11, 2026, when two open-market sale transactions (coded "S") totaled roughly $12.19 million—$10.83 million and $1.36 million, respectively—following option exercises (coded "M") valued at $271,244.61 and $33,938.10. These sales dwarf the mechanical and compensatory transactions that dominate the rest of the filing history, such as shares withheld to cover tax obligations (coded "F") and option exercises (coded "M") with zero reported value. The recent trading pattern reinforces this bearish tilt. In the two most recent transactions on June 1, 2026, Paul executed only tax-related withholdings (coded "F") totaling $422,675.49, $101,238.85, $122,855.78, and $280,835.78, paired with zero-value option exercises—no open-market buys or sells. Earlier in the quarter, on March 1, 2026, similar "F" withholdings of $91,640.96, $111,237.44, and $254,277.44 appeared without any discretionary purchases. The only non-mechanical activity in the recent window was a gift (coded "G") on February 18, 2026, valued at $0, alongside a $1.316 million option exercise (coded "M") the same day. Notably, there were no "P" (open-market purchase) codes at any point, and the last "S" transactions were the March 11 sales, suggesting Paul has not added to his DKNG position voluntarily in the observed timeframe.