Seth Schorr - 04 Sep 2024 Form 4 Insider Report for Skillz Inc. (SKLZ)

Role
Director
Signature
/s/ Nikul D. Patel, Attorney-in-Fact
Issuer symbol
SKLZ
Transactions as of
04 Sep 2024
Net transactions value
$0
Form type
4
Filing time
06 Sep 2024, 13:09:04 UTC
Previous filing
29 Aug 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 +3,116 +33% $0.000000 12,467 04 Sep 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 -3,116 -33% $0.000000 6,235 04 Sep 2024 Class A common stock 3,116 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 231,945 shares (prior to the Reverse Stock Split, which is equal to 11,597 shares post Reverse Stock Split). Following the reported transactions, 6,235 shares remained unvested (as adjusted for the Company's Reverse Stock Split).
F4 3,116 restricted stock units represents twenty-five percent of the restricted stock units granted to Mr. Schorr and the remainder will vest in substantially equal annual installments thereafter over the next two years.

Remarks:

See Exhibit 24.1 - Power of Attorney