Ian J. Lee - Jun 21, 2022 Form 4 Insider Report for Skillz Inc. (SKLZ)

Signature
/s/ Charlotte Edelman, Attorney-in-Fact
Stock symbol
SKLZ
Transactions as of
Jun 21, 2022
Transactions value $
-$188,325
Form type
4
Date filed
6/23/2022, 08:48 AM
Previous filing
Feb 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKLZ Class A common stock Options Exercise $0 +291K +96993.33% $0.00 291K Jun 21, 2022 Direct F1
transaction SKLZ Class A common stock Tax liability -$188K -133K -45.66% $1.42* 158K Jun 21, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SKLZ Restricted Stock Units Options Exercise $0 -291K -25% $0.00 873K Jun 21, 2022 Class A common stock 291K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units vested and settled in Class A common stock of the Company on June 21, 2022.
F2 Securities sold to cover tax obligations.
F3 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
F4 Twenty-five percent of the restricted stock unit grant vested on June 21, 2022 and the remainder will vest in substantially equal quarterly installments thereafter over the next three years.