Andrew Paradise - 06 Sep 2024 Form 4/A - Amendment Insider Report for Skillz Inc. (SKLZ)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Nikul D. Patel, Attorney-in-Fact
Issuer symbol
SKLZ
Transactions as of
06 Sep 2024
Net transactions value
-$1,218,060
Form type
4/A - Amendment
Filing time
15 Nov 2024, 18:27:00 UTC
Date Of Original Report
10 Sep 2024
Previous filing
08 Aug 2023
Next filing
18 Nov 2024
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 +72,462 +12% $0.000000 670,294 06 Sep 2024 Direct F1
transaction SKLZ Class A common stock Tax liability $109,752 -17,645 -2.6% $6.22 652,649 06 Sep 2024 Direct F2
transaction SKLZ Class A common stock Options Exercise $0 +72,462 +11% $0.000000 725,111 06 Sep 2024 Direct F1
transaction SKLZ Class A common stock Tax liability $111,693 -17,645 -2.4% $6.33 707,466 06 Sep 2024 Direct F2
transaction SKLZ Class A common stock Options Exercise $0 +72,461 +10% $0.000000 779,927 06 Sep 2024 Direct F1
transaction SKLZ Class A common stock Tax liability $163,514 -26,631 -3.4% $6.14 753,296 06 Sep 2024 Direct F2
transaction SKLZ Class A common stock Options Exercise $0 +72,461 +9.6% $0.000000 825,757 06 Sep 2024 Direct F1
transaction SKLZ Class A common stock Tax liability $174,221 -28,514 -3.5% $6.11 797,243 06 Sep 2024 Direct F2
transaction SKLZ Class A common stock Options Exercise $0 +72,461 +9.1% $0.000000 869,704 06 Sep 2024 Direct F1
transaction SKLZ Class A common stock Tax liability $171,654 -28,514 -3.3% $6.02 841,190 06 Sep 2024 Direct F2
transaction SKLZ Class A common stock Options Exercise $0 +90,576 +11% $0.000000 931,766 06 Sep 2024 Direct F1
transaction SKLZ Class A common stock Tax liability $231,317 -35,642 -3.8% $6.49 896,124 06 Sep 2024 Direct F2
transaction SKLZ Class A common stock Options Exercise $0 +90,576 +10% $0.000000 986,700 10 Sep 2024 Direct F1
transaction SKLZ Class A common stock Tax liability $255,910 -35,642 -3.6% $7.18 951,055 06 Sep 2024 Direct F2

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 -72,462 -5% $0.000000 1,376,766 06 Sep 2024 Class A common stock 72,462 Direct F3, F4, F5
transaction SKLZ Restricted Stock Units Options Exercise $0 -72,462 -5.3% $0.000000 1,304,304 06 Sep 2024 Class A common stock 72,462 Direct F3, F4, F5
transaction SKLZ Restricted Stock Units Options Exercise $0 -72,461 -5.6% $0.000000 1,231,843 06 Sep 2024 Class A common stock 72,461 Direct F3, F4, F5
transaction SKLZ Restricted Stock Units Options Exercise $0 -72,461 -5.9% $0.000000 1,159,382 06 Sep 2024 Class A common stock 72,461 Direct F3, F4, F5
transaction SKLZ Restricted Stock Units Options Exercise $0 -72,461 -6.2% $0.000000 1,086,921 06 Sep 2024 Class A common stock 72,461 Direct F3, F4, F5
transaction SKLZ Restricted Stock Units Options Exercise $0 -90,576 -8.3% $0.000000 996,345 06 Sep 2024 Class A common stock 90,576 Direct F3, F4, F5
transaction SKLZ Restricted Stock Units Options Exercise $0 -90,576 -9.1% $0.000000 905,769 06 Sep 2024 Class A common stock 90,576 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 and Amended to correct for inadvertent clerical error.