Jason Roswig - 08 Aug 2023 Form 4 Insider Report for Skillz Inc. (SKLZ)

Role: President & CFO
Signature: /s/ Andrew Dahlinghaus Attorney-in-Fact
Issuer symbol: SKLZ
Transactions as of: 08 Aug 2023
Net transactions value: -$450,066
Form type: 4
Filing time: 10 Aug 2023, 17:08:19 UTC
Previous filing: 10 Nov 2022
Next filing: 13 Nov 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SKLZ	Class A common stock	Options Exercise	$0	+130,151		$0.000000	130,151	08 Aug 2023	Direct	F1
transaction	SKLZ	Class A common stock	Sale	$450,066	-44,872	-34%	$10.03	85,279	09 Aug 2023	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	-130,151	-25%	$0.000000	390,456	08 Aug 2023	Restricted Stock Units	130,151		Direct	F3, F4, F5, F6

* 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 August 8, 2023.
F2	Represents securities sold on the open market to satisfy tax obligations owed by the Reporting Person in connection with the vesting of restricted stock units.
F3	Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
F4	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"). All amounts of securities listed herein have been adjusted to reflect the effect of the Reverse Stock Split (even if the listed transaction occurred before the Effective Date of the Reverse Stock Split).
F5	The grant of restricted stock units was previously reported as covering 2,603,039 shares (prior to the Reverse Stock Split, which is equal to 130,151 shares post Reverse Stock Split).
F6	130,151 restricted stock units represents twenty-five percent of the restricted stock units granted to Mr. Roswig and the remainder will vest in substantially equal quarterly installments thereafter over the next three years.