Casey Chafkin - Sep 5, 2023 Form 4 Insider Report for Skillz Inc. (SKLZ)

Signature
Andrew Dahlinghaus, Attorney-in-Fact
Stock symbol
SKLZ
Transactions as of
Sep 5, 2023
Transactions value $
$0
Form type
4
Date filed
9/7/2023, 05:07 PM
Previous filing
Aug 10, 2023
Next filing
Sep 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKLZ Class A common stock Options Exercise $0 +916 +0.12% $0.00 748K Sep 5, 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 Restricted Stock Units Options Exercise $0 -916 -14.28% $0.00 5.5K Sep 5, 2023 Class A common stock 916 Direct F2, 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 September 5, 2023.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
F3 The grant of restricted stock units was previously reported as covering 293,169 shares, 128,252 of which remained unvested (prior to the Reverse Stock Split, which is equal to 6,412 shares post Reverse Stock Split). Following the reported transactions, 5,497 shares remained unvested (as adjusted for the Company's Reverse Stock Split).
F4 Twenty-five percent of the restricted stock unit grant vested on March 4, 2022 and the remainder will vest in substantially equal quarterly installments thereafter over the next three years.