Jason Roswig - Nov 8, 2023 Form 4 Insider Report for Skillz Inc. (SKLZ)

Role: President & CFO
Signature: /s/ Andrew Dahlinghuas, Attorney-in-Fact
Stock symbol: SKLZ
Transactions as of: Nov 8, 2023
Transactions value $: -$87,139
Form type: 4
Date filed: 11/13/2023, 12:34 PM
Previous filing: Aug 10, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SKLZ	Restricted Stock Units	Options Exercise	$0	+32.5K	+38.15%	$0.00	118K	Nov 8, 2023	Direct	F1
transaction	SKLZ	Restricted Stock Units	Sale	-$87.1K	-17.2K	-14.59%	$5.07	101K	Nov 10, 2023	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	-32.5K	-8.33%	$0.00	358K	Nov 8, 2023	Restricted Stock Units	32.5K		Direct	F3, F4, F5, F6

* 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 Issuer on November 8, 2023.
F2	Represents securities sold on the open market to satisfy tax obligations owed by the Reporting Person in connection with the vesting of restricted stock units.
F3	Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
F4	On June 23, 2023 (the "Effective Date"), the Class A common stock of the Issuer 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).
F5	The grant of restricted stock units was previously reported as covering 650,760 shares (prior to the Reverse Stock Split, which is equal to 32,538 shares post Reverse Stock Split). Following the reported transactions, 357,918 shares remained unvested (as adjusted for the Issuer's Reverse Stock Split).
F6	Twenty-five percent of the restricted stock unit grant vested on August 8, 2023 and the remainder will vest in substantially equal quarterly installments thereafter over the next three years.