Casey Chafkin - Aug 8, 2023 Form 4 Insider Report for Skillz Inc. (SKLZ)

Role
Chief Strategy Officer, Director
Signature
Andrew Dahlinghaus, Attorney-in-Fact
Stock symbol
SKLZ
Transactions as of
Aug 8, 2023
Transactions value $
$0
Form type
4
Date filed
8/10/2023, 05:02 PM
Previous filing
Jun 14, 2023
Next filing
Sep 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKLZ Class A common stock Options Exercise $87.8K +87.8K +13.31% $1.00* 747K Aug 8, 2023 Direct F1

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 Stock Option (right to buy) Options Exercise -$87.8K -87.8K -100% $1.00* 0 Aug 8, 2023 Class A common stock 87.8K $1.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 23, 2023 (the "Effective Date"), the Class A common stock of the Issuer underwent a 1-for-20 reverse stock split (the "Reverse Stock Split"). 87,805 Stock Options were exercised on 8/8/2023. The grant of stock options was previously reported as covering 1,756,118 shares (prior to the Reverse Stock Split, which is equal to 87,805 shares post Reverse Stock Split). The grant of stock options was previously reported as having an exercise price of $0.05 (prior to the Reverse Stock Split, which is equal to $1.00 post Reverse Stock Split).
F2 Twenty-five percent of the stock option grant vested on July 25, 2018, and the remainder vested in quarterly installments thereafter.