Chafkin Casey 4

What Happened Casey Chafkin, a director of Skillz Inc. (SKLZ), had restricted stock units (RSUs) converted into 3,377 shares of Class A common stock on May 19, 2026. The Form 4 reports an exercise/conversion entry showing 3,377 shares acquired at $0.00 (and a corresponding derivative disposition at $0.00), indicating RSU settlement rather than a cash purchase or open‑market sale.

Key Details

• Transaction date: May 19, 2026; Form 4 filed May 21, 2026 (filed two days after the transaction).
• Shares involved: 3,377 shares acquired via RSU settlement; reported price $0.00 (no cash paid).
• Post-transaction holdings: Not disclosed in the excerpt provided.
• Footnote highlights:
  • The RSUs settled into Class A common stock on May 19, 2026.
  • Each RSU equals one share.
  • The grant vested gradually (25% on March 14, 2023, remainder in equal quarterly installments); the reported RSUs vested prior to May 19, 2026.
• The reported "disposed" derivative entry reflects conversion/cancellation of the derivative instrument (the RSU), not a market sale.

Context This was a compensation/vesting event (RSU settlement), common for directors and employees, and not an open‑market purchase or sale. No immediate sale of the newly issued shares is reported here; such settlements are typically routine and reflect vesting rather than a direct signal of insider buying or selling.