Chafkin Casey 4
4 · Skillz Inc. · Filed Sep 19, 2023
Insider Transaction Report
Form 4
Skillz Inc.SKLZ
Chafkin Casey
DirectorChief Revenue Officer
Transactions
- Exercise/Conversion
Class A common stock
2023-09-18+3,372→ 751,540 total - Exercise/Conversion
Restricted Stock Units
2023-09-18+3,372→ 33,725 total→ Class A common stock (3,372 underlying)
Footnotes (5)
- [F1]The restricted stock units vested and settled in Class A common stock of the Company on September 14, 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 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, 33,725 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.