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EdgarHawk

Liberman Paul

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Director Officer
10 filings analyzed · 1 company · Latest 2026-03-12

Companies

Company Buys Sells Direction
DraftKings Inc. DKNG 0 37 Net selling

Activity

March 2026
2026-03-12 DraftKings Inc. DKNG
medium
Sell
484,417 shares
$12,187,932
Significance 6/10

Liberman Paul sold 484,417 shares of DKNG for $12,187,931.72; stock down 28.0% in 90d, up -47.0% from 52-week high.

Liberman Paul executed 2 separate sales totaling 484,417 shares for $12,187,931.72 at $25.16 per share, reducing holdings by 69.4% to 213,597 shares. DKNG has declined 28.0% over 90 days and 47.0% from its 52-week high of $48.23, trading at $25.56 (near the transaction price). His prior 5 trades at DKNG, all sells executed on 2025-03-25, showed a 0 of 5 well-timed rate at the 90-day mark, with subsequent 90-day returns ranging from +2.5% to +7.3%—all positive, indicating those prior sells preceded gains. The company reports a negative P/E of 2556.00 with net income of $-256,788,000.00 against revenue of $1,144,019,000.00, though annual revenue growth stands at +27.0%. This sale occurs as the stock remains substantially depressed, with no evidence that recent insider sales at this ticker have correlated with adverse subsequent performance.

March 2025
2025-03-27 DraftKings Inc. DKNG
high
Sell
643,654 shares
$25,071,608
Significance 7/10

Paul Liberman sold entire 643.7K share stake in DKNG for $25.1M across 6 transactions on 2025-03-25

Liberman executed a complete exit of his 643,654 share position in DraftKings on March 25, 2025, liquidating for $25,071,608.15 across 6 separate sales at prices ranging from $38.65 to $40.45 with a blended average of $38.95. The current stock price of $37.04 is -30.8% from the 52-week high of $53.49 and has declined -12.9% over the past 30 days, suggesting the stock remains under pressure. His prior DKNG trades show mixed timing: three consecutive sells on 2025-02-24 experienced 30-day declines of -18.2%, -16.8%, and -15.5%, indicating recent consistent downward momentum post-transaction; however, only 1 of his 5 prior DKNG trades was well-timed at the 90-day mark. The company remains unprofitable (net income of $-293.7M in the latest period) despite strong revenue growth of +30.1% year-over-year, presenting a contrasting fundamental picture that may inform this complete liquidation.

February 2025
2025-02-25 DraftKings Inc. DKNG
high
Sell
567,196 shares
$25,480,914
Significance 7/10

Paul Liberman sold 567,196 shares ($25.5M) across 3 transactions at DraftKings, reducing stake by 46.0%

On 2025-02-24, Paul Liberman executed 3 separate sales totaling 567,196 shares for $25,480,913.76 at prices ranging from $44.61 to $46.07 (blended $44.92), reducing his holdings by 46.0% to 666,388 shares. The scale of this transaction—divesting nearly half his position—is material; the trades occurred when the stock was at $42.51, down 20.5% from its 52-week high of $53.49. At the same-ticker level, Liberman's prior 5 trades at DKNG show a mixed record: his two 90-day measurable outcomes (Oct 2024 sales) produced positive returns (+12.3% and +14.1%), meaning the stock subsequently rose after he sold—poorly-timed exits. His cross-ticker sell history (20 prior sells) achieved only a 29.41% well-timed rate, indicating he generally does not sell ahead of declines. Against this backdrop of modest historical timing accuracy and recent same-ticker underperformance, the significant reduction of his DKNG position near a 52-week trough merits investor attention to assess whether this reflects changed conviction or execution of a standing plan.

January 2025
2025-01-10 DraftKings Inc. DKNG
medium
Sell
200,000 shares
$7,800,000
Significance 5/10

Paul Liberman sells 200,000 DKNG shares for $7.8M at $39.00 on 2025-01-10; retains 1.34M shares.

Liberman sold 200,000 shares (13.0% of his pre-transaction holdings) at $39.00, reducing his position from 1.54M to 1.34M shares while retaining a substantial stake. The sale occurred at a price 18.9% below the 52-week high of $48.68 and 1.3% below the current price of $39.49. His cross-ticker track record shows a 31.25% well-timed rate across 20 prior sells with an average 90-day return of +6.9%, suggesting mixed timing skill; at DKNG specifically, only 1 of his measurable prior sales (that on 2024-09-25) was well-timed at the 90-day horizon, with outcomes on the two most recent December trades not yet measurable. DraftKings remains unprofitable (net income of $-293.7M in the latest fiscal year) despite strong revenue growth of +63.6%, which may provide context for insider selling activity at a major shareholder level.

December 2024
2024-12-27 DraftKings Inc. DKNG
high
Sell
532,095 shares
$20,379,238
Significance 7/10

DraftKings insider Liberman Paul sold 532,095 shares at $38.30 on 2024-12-26 for $20,379,238.50.

Liberman Paul executed 2 separate sales totaling 532,095 shares for $20,379,238.50, reducing his holdings by 88.6% from 600,749 to 68,654 shares. At DKNG specifically, his prior 3 measurable sells all posted negative 90-day returns, establishing a 100% well-timed sell rate at this ticker. The current stock price of $37.92 sits 22.1% below the 52-week high and down 11.9% over the prior 30 days, suggesting recent downward momentum. DraftKings remains unprofitable on a full-year basis despite 63.6% annual revenue growth, creating a mixed fundamental backdrop where a near-complete position liquidation by a company insider deserves investor attention.

October 2024
2024-10-25 DraftKings Inc. DKNG
medium
Sell
88,441 shares
$3,220,250
Significance 5/10

Liberman sells 88,441 shares (4.4% of holdings) for $3.2M at $36.41; stock down 25.1% from 52-week high, recent DKNG sells underperformed

Liberman executed 2 separate sales totaling 88,441 shares for $3,220,249.59 on 2024-10-25, reducing holdings from 2.01M to 1.92M shares. At current price of $36.47, the stock trades 25.1% below its 52-week high and down 11.3% over the past 30 days. His prior trades at DKNG show a pattern of poor timing: four recent DKNG sales on 2024-09-25 each produced negative 30-day returns (-12.4% and -10.5%), and his cross-ticker track record shows a 7.14% well-timed rate (well below a random 50% baseline), with an average 90-day return of +13.4% following his prior sells—indicating his sales have historically preceded stock gains, not declines. This latest transaction occurs during a period of material weakness for the stock and follows a recent cluster of DKNG selling with consistently poor realized returns.

September 2024
2024-09-27 DraftKings Inc. DKNG
high
Sell
643,654 shares
$26,545,315
Significance 7/10

Paul Liberman sells 643,654 shares (643.7K shares) of DKNG for $26,545,315.07 ($26.5M) on 2024-09-25, reducing position 82.4%

Paul Liberman executed 4 separate sales totaling 643,654 shares for $26,545,315.07 ($26.5M), reducing his DKNG holdings from 780,962 shares to 137,308 shares—an 82.4% reduction in position. At the blended average price of $41.24, this sale occurred near the stock's recent trading range, with DraftKings currently at $40.36 (-17.1% from the 52-week high of $48.68). Liberman's prior sales at DKNG show a mixed pattern: of 2 measured 90-day outcomes at this ticker, 0 were well-timed (the insider did not sell before declines). His cross-ticker track record across 18 prior sells shows an average 90-day return of +16.3% and a well-timed rate of 0.00%, indicating his sell timing has historically not preceded stock declines. The company's fundamentals remain mixed—DraftKings grew revenue 63.6% year-over-year to $1.1B in the latest quarter but was unprofitable over its most recent full fiscal year. The substantial reduction in Liberman's stake, combined with a demonstrated pattern of poorly-timed sell decisions and the company's lack of full-year profitability despite strong growth, warrants investor attention to changes in management confidence.

August 2024
2024-08-27 DraftKings Inc. DKNG
low
Sell
88,441 shares
$3,151,845
Significance 4/10

Paul Liberman sold 88,441 shares (88.4K) of DKNG for $3.2M in two transactions on 2024-08-26 at blended $35.64 avg.

Liberman executed two separate sales totaling 88,441 shares for $3,151,844.71, reducing his stake from 2.59M to 2.50M shares (-3.4%). His prior five trades at DKNG have shown consistent negative returns in the 30-day window (ranging from -17.8% to -6.9%), yet none of those outcomes are yet measurable at the 90-day mark. His cross-ticker track record shows a 0.00% well-timed sell rate with an average 90-day return of +21.5% after prior sells, indicating his past sells have generally been followed by stock gains rather than declines. The current stock price of $35.33 sits 27.4% below the 52-week high, and DKNG has shown strong fundamentals (revenue growth of 63.6% year-over-year), though the company was unprofitable on a full-year basis. This sale at $35.64 represents execution within the recent trading range but does not align with a demonstrated pattern of well-timed exit points for this insider.

July 2024
2024-07-17 DraftKings Inc. DKNG
medium
Sell
63,206 shares
$2,465,034
Significance 4/10

Paul Liberman sells 63,206 DKNG shares at $39.00; stock down 21.2% from high amid $142.6M annual loss

Paul Liberman sold 63,206 shares of DraftKings on 2024-07-15 at $39.00, reducing his holdings from 1.78M to 1.72M shares (-3.6% net reduction). The sale occurred as DKNG trades 21.2% below its 52-week high of $48.68 and has declined 8.6% over 30 days and 7.9% over 90 days. Notably, DraftKings remains unprofitable with a full-year net loss of $142,568,000.00, despite strong revenue growth of 63.6% year-over-year to $1,174,996,000.00 in the latest quarter. Liberman's cross-ticker track record across 15 prior sales shows average 90-day returns of 21.5% with a 0.00% well-timed rate, indicating his prior sales generally preceded stock appreciation rather than declines. At DKNG specifically, his prior measurable trade (2024-01-29) was not well-timed, with the stock rising 7.8% over 90 days after his sale. This current sale warrants monitoring given the stock's recent weakness and the company's persistent unprofitability, though the insider retains substantial remaining holdings of 1.72M shares.

June 2024
2024-06-27 DraftKings Inc. DKNG
high
Sell
668,890 shares
$25,972,124
Significance 6/10

Paul Liberman sold 668,890 shares of DKNG for $25,972,123.82 across 4 transactions on 2024-06-25, reducing holdings by 27.3%.

Liberman executed four separate sales totaling 668,890 shares (668.9K shares) for $25,972,123.82 on 2024-06-25, reducing his holdings from 2,448,502 shares to 1,779,612 shares. His prior five sales at DraftKings showed negative average 90-day returns (down -10.8%, -9.6%, -9.2%, -6.6%, and +5.8%), yet only one generated positive post-sale performance, indicating historically poor execution timing at this ticker. The stock is now trading at $37.11, down 23.8% from its 52-week high of $48.68, and the company remains unprofitable with $-142,568,000.00 in net income despite 63.6% annual revenue growth. The scale of this sale—representing over one-quarter of pre-transaction holdings—combined with the company's negative earnings trajectory warrants attention to whether this signals material shifts in insider confidence at a high-growth but unprofitable gaming platform.

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