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

Signature
/s/ Andrew Dahlinghuas, Attorney-in-Fact
Stock symbol
SKLZ
Transactions as of
Dec 5, 2023
Transactions value $
$0
Form type
4
Date filed
12/6/2023, 04:02 PM
Previous filing
Sep 19, 2023
Next filing
Dec 15, 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 752K Dec 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 -16.66% $0.00 4.58K Dec 5, 2023 Class A common stock 916 Direct F2, F3, F4, F5
* 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 Issuer on December 5, 2023.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
F3 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).
F4 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 transaction, 4,581 shares remain unvested (as adjusted for the Issuer's Reverse Stock Split).
F5 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.