Andrew Paradise - Sep 6, 2024 Form 4 Insider Report for Skillz Inc. (SKLZ)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Nikul D. Patel, Attorney-in-Fact
Stock symbol
SKLZ
Transactions as of
Sep 6, 2024
Transactions value $
-$962,150
Form type
4
Date filed
9/10/2024, 04:13 PM
Previous filing
Aug 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 +72.5K +12.12% $0.00 670K Sep 6, 2024 Direct F1
transaction SKLZ Class A common stock Tax liability -$110K -17.6K -2.63% $6.22 653K Sep 6, 2024 Direct F2
transaction SKLZ Class A common stock Options Exercise $0 +72.5K +11.1% $0.00 725K Sep 6, 2024 Direct F1
transaction SKLZ Class A common stock Tax liability -$112K -17.6K -2.43% $6.33 707K Sep 6, 2024 Direct F2
transaction SKLZ Class A common stock Options Exercise $0 +72.5K +10.24% $0.00 780K Sep 6, 2024 Direct F1
transaction SKLZ Class A common stock Tax liability -$164K -26.6K -3.41% $6.14 753K Sep 6, 2024 Direct F2
transaction SKLZ Class A common stock Options Exercise $0 +72.5K +9.62% $0.00 826K Sep 6, 2024 Direct F1
transaction SKLZ Class A common stock Tax liability -$174K -28.5K -3.45% $6.11 797K Sep 6, 2024 Direct F2
transaction SKLZ Class A common stock Options Exercise $0 +72.5K +9.09% $0.00 870K Sep 6, 2024 Direct F1
transaction SKLZ Class A common stock Tax liability -$172K -28.5K -3.28% $6.02 841K Sep 6, 2024 Direct F2
transaction SKLZ Class A common stock Options Exercise $0 +90.6K +10.77% $0.00 932K Sep 6, 2024 Direct F1
transaction SKLZ Class A common stock Tax liability -$231K -35.6K -3.83% $6.49 896K Sep 6, 2024 Direct F2
transaction SKLZ Class A common stock Options Exercise $0 +90.6K +10.11% $0.00 987K Sep 10, 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 -72.5K -5% $0.00 1.38M Sep 6, 2024 Class A common stock 72.5K Direct F3, F4, F5
transaction SKLZ Restricted Stock Units Options Exercise $0 -72.5K -5.26% $0.00 1.3M Sep 6, 2024 Class A common stock 72.5K Direct F3, F4, F5
transaction SKLZ Restricted Stock Units Options Exercise $0 -72.5K -5.56% $0.00 1.23M Sep 6, 2024 Class A common stock 72.5K Direct F3, F4, F5
transaction SKLZ Restricted Stock Units Options Exercise $0 -72.5K -5.88% $0.00 1.16M Sep 6, 2024 Class A common stock 72.5K Direct F3, F4, F5
transaction SKLZ Restricted Stock Units Options Exercise $0 -72.5K -6.25% $0.00 1.09M Sep 6, 2024 Class A common stock 72.5K Direct F3, F4, F5
transaction SKLZ Restricted Stock Units Options Exercise $0 -90.6K -8.33% $0.00 996K Sep 6, 2024 Class A common stock 90.6K Direct F3, F4, F5
transaction SKLZ Restricted Stock Units Options Exercise $0 -90.6K -9.09% $0.00 906K Sep 6, 2024 Class A common stock 90.6K Direct 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 Company on September 6, 2024.
F2 Securities sold to cover tax obligations.
F3 Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock.
F4 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 28,984,577 shares (prior to the Reverse Stock Split, which is equal to 1,449,228 shares post Reverse Stock Split). Following the reported transactions, 905,769 shares remained unvested (as adjusted for the Company's Reverse Stock Split).
F5 362,307 restricted stock units represents twenty-five percent of the restricted stock units granted to Mr. Paradise and the remainder will vest in substantially equal quarterly installments thereafter over the following twelve calendar quarters.

Remarks:

Exhibit 24.1 - Power of Attorney