Jason Roswig - 08 Aug 2023 Form 4 Insider Report for Skillz Inc. (SKLZ)

Reporting relationship: President & CFO
Issuer ticker: SKLZ
Reported as of: 08 Aug 2023
Net transaction value: -$450,066
SEC form: 4
Accepted by SEC: 10 Aug 2023, 17:08:19 UTC
Prior SEC filing: 10 Nov 2022
Next SEC filing: 13 Nov 2023
Source filing: View source filing
Reporting owner signature: /s/ Andrew Dahlinghaus Attorney-in-Fact

Key filing fact

Jason Roswig filed Form 4 for Skillz Inc. (SKLZ) on 10 Aug 2023.

Key facts

This page summarizes Jason Roswig's Form 4 filing for Skillz Inc. (SKLZ).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 10 Aug 2023, 17:08.

Change

Previous filing in this sequence was filed on 10 Nov 2022.
Current net transaction value: -$450,066.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SKLZ transaction

Class A common stock

Options Exercise

Transaction value: $0
Shares: +130,151
Change %
Price: $0.000000
Shares after: 130,151
Date: 08 Aug 2023
Ownership: Direct
Footnotes: F1

SKLZ transaction

Class A common stock

Sale

Transaction value: $450,066
Shares: -44,872
Change %: -34%
Price: $10.03
Shares after: 85,279
Date: 09 Aug 2023
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SKLZ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -130,151
Change %: -25%
Price: $0.000000
Shares after: 390,456
Date: 08 Aug 2023
Ownership: Direct
Underlying class: Restricted Stock Units
Underlying amount: 130,151
Exercise price
Footnotes: F3, F4, F5, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

The restricted stock units vested and settled in Class A common stock of the Company on August 8, 2023.

Footnote 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.

Footnote F3

Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.

Footnote 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).

Footnote F5

The grant of restricted stock units was previously reported as covering 2,603,039 shares (prior to the Reverse Stock Split, which is equal to 130,151 shares post Reverse Stock Split).

Footnote F6

130,151 restricted stock units represents twenty-five percent of the restricted stock units granted to Mr. Roswig and the remainder will vest in substantially equal quarterly installments thereafter over the next three years.