Casey Chafkin - 14 Mar 2024 Form 4 Insider Report for Skillz Inc. (SKLZ)

Role
Chief Strategy Officer, Director
Signature
/s/ Nikul D. Patel, Attorney-in-Fact
Issuer symbol
SKLZ
Transactions as of
14 Mar 2024
Transactions value $
$0
Form type
4
Filing time
18 Mar 2024, 15:10:33 UTC
Previous filing
06 Mar 2024
Next filing
06 Sep 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 +3,372 +0.45% $0 760,116 14 Mar 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 -3,372 -11.11% $0 26,981 14 Mar 2024 Class A common stock 3,372 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 Issuer on March 14, 2024.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
F3 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).
F4 The grant of restricted stock units was previously reported as covering 1,079,198 shares, 741,948 which remain unvested (prior to the Reverse Stock Split, which is equal to 37,097 shares post Reverse Stock Split). Following the reported transactions, 26,981 shares remained unvested (as adjusted for the Issuer's Reverse Stock Split).
F5 Twenty-five percent of the restricted stock unit grant vested on March 14, 2023 and the remainder will vest in substantially equal quarterly installments thereafter over the next three years.

Remarks:

See Exhibit 24.1 - Power of Attorney