Casey Chafkin - Sep 12, 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 12, 2024
Transactions value $
$0
Form type
4
Date filed
9/13/2024, 04:14 PM
Previous filing
Sep 6, 2024
Next filing
Nov 15, 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 +916 +0.12% $0.00 765K Sep 12, 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 -916 -33.32% $0.00 1.83K Sep 12, 2024 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 Company on September 12, 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).
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, 1,833 shares remain unvested (as adjusted for the Company'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.