Kent Wakeford - Dec 18, 2023 Form 4 Insider Report for Skillz Inc. (SKLZ)

Role
Director
Signature
/s/ Andrew Dahlinghuas, Attorney-in-Fact
Stock symbol
SKLZ
Transactions as of
Dec 18, 2023
Transactions value $
$0
Form type
4
Date filed
12/20/2023, 09:32 AM
Previous filing
Jan 4, 2023
Next filing
Oct 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKLZ Class A common stock Options Exercise $0 +304 +19.42% $0.00 1.87K Dec 18, 2023 Direct F1
holding SKLZ Class A common stock 10K Dec 18, 2023 GRAT F1, F2
holding SKLZ Class A common stock 71.4K Dec 18, 2023 Trust F1, F3

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 -304 -50% $0.00 304 Dec 18, 2023 Class A common stock 304 Direct F1, F4, F5, F6
* 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"). 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).
F2 This position is held by a Grantor Retained Annuity Trust, of which Mr. Wakeford is the sole beneficiary and trustee and has investment control over the shares.
F3 This position is held by a Trust, of which Mr. Wakeford is the sole grantor, trustee, and beneficiary.
F4 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
F5 The grant of restricted stock units was previously reported as covering 24,321 shares, 12,161 of which remain unvested (prior to the Reverse Stock Split, which is equal to 608 shares post Reverse Stock Split). Following the reported transaction, 304 shares remain unvested (as adjusted for the Issuer's Reverse Stock Split).
F6 The restricted stock units vests in four equal installments beginning on December 16, 2021 and each year thereafter.