Hoffman Henry M. 4
4 · Skillz Inc. · Filed Sep 6, 2024
Insider Transaction Report
Form 4
Skillz Inc.SKLZ
Hoffman Henry M.
Director
Transactions
- Exercise/Conversion
Class A common stock
2024-09-04+3,511→ 7,022 total - Exercise/Conversion
Restricted Stock Units
2024-09-04−3,511→ 7,021 total→ Class A common stock (3,511 underlying)
Footnotes (4)
- [F1]The restricted stock units vested and settled in Class A common stock of the Company on September 4, 2024.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock.
- [F3]On June 23, 2023 (the "Effective Date"), the Class A common stock of the Company 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). The grant of restricted stock units was previously reported as covering 280,878 shares (prior to the Reverse Stock Split, which is equal to 14,043 shares post Reverse Stock Split). Following the reported transactions, 7,021 shares remained unvested (as adjusted for the Company's Reverse Stock Split).
- [F4]Twenty-five percent of the restricted stock unit grant vested on August 3, 2023 and the remainder will vest in substantially equal annual installments thereafter over the next two years.