Henry M. Hoffman - Sep 4, 2024 Form 4 Insider Report for Skillz Inc. (SKLZ)

Role
Director
Signature
/s/ Nikul D. Patel, Attorney-in-Fact
Stock symbol
SKLZ
Transactions as of
Sep 4, 2024
Transactions value $
$0
Form type
4
Date filed
9/6/2024, 01:08 PM
Previous filing
Sep 8, 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 +3.51K +100% $0.00 7.02K Sep 4, 2024 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 -3.51K -33.34% $0.00 7.02K Sep 4, 2024 Class A common stock 3.51K 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 4, 2024.
F2 Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock.
F3 On June 23, 2023 (the "Effective Date"), the Class A common stock of the Company 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). The grant of restricted stock units was previously reported as covering 280,878 shares (prior to the Reverse Stock Split, which is equal to 14,043 shares post Reverse Stock Split). Following the reported transactions, 7,021 shares remained unvested (as adjusted for the Company's Reverse Stock Split).
F4 Twenty-five percent of the restricted stock unit grant vested on August 3, 2023 and the remainder will vest in substantially equal annual installments thereafter over the next two years.

Remarks:

Exhibit 24.1 - Power of Attorney