Schorr Seth 4
4 · Skillz Inc. · Filed Aug 29, 2023
Insider Transaction Report
Form 4
Skillz Inc.SKLZ
Schorr Seth
Director
Transactions
- Exercise/Conversion
Class A common stock
2023-08-28+3,116→ 9,351 total - Exercise/Conversion
Restricted Stock Units
2023-08-28+3,116→ 9,351 total→ Class A common stock (3,116 underlying)
Footnotes (5)
- [F1]The restricted stock units vested and settled in Class A common stock of the Company on August 25, 2023.
- [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 62,320 shares (prior to the Reverse Stock Split, which is equal to 3,116 shares post Reverse Stock Split).
- [F5]3,116 restricted stock units represents twenty-five percent of the restricted stock units granted to Mr. Schorr and the remainder will vest in substantially equal annual installments thereafter over the next three years.