SKLZ Files 4 with SEC
Rhea-AI Filing Summary
Skillz Inc. director reports RSU settlements into Class A shares. On December 22, 2025, a Skillz Inc. director converted previously granted restricted stock units into Class A common stock at a stated price of $0 per share. Two RSU grants settled, delivering 304 and 16,129 Class A shares, which increased the director’s directly held Class A stock to 2,173 and 18,302 shares, respectively.
The director also reports indirect ownership of 10,000 Class A shares through a Grantor Retained Annuity Trust and 71,390 Class A shares through another trust for which he is grantor, trustee, and beneficiary. The filing notes that all share amounts have been adjusted for a prior 1‑for‑20 reverse stock split and that certain RSUs had vested earlier but were settled later due to blackout restrictions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 304 | $0.00 | -- |
| Exercise | Restricted Stock Units | 16,129 | $0.00 | -- |
| Exercise | Class A common stock | 304 | $0.00 | -- |
| Exercise | Class A common stock | 16,129 | $0.00 | -- |
| holding | Class A common stock | -- | -- | -- |
| holding | Class A common stock | -- | -- | -- |
Footnotes (1)
- The restricted stock units settled in Class A common stock of the Company on December 22, 2025. This position is held by a Grantor Retained Annuity Trust, of which Mr. Wakeford is the sole beneficiary and trustee and has investment control over the shares. This position is held by a Trust, of which Mr. Wakeford is the sole grantor, trustee, and beneficiary. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock. 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 24,321 shares, 6,080 which remained unvested (prior to the Reverse Stock Split, which is equal to 304 shares post Reverse Stock Split). Following the reported transactions, no shares remained unvested (as adjusted for the Company's Reverse Stock Split). The restricted stock units reported on this report vested prior to December 22, 2025 but were not settled due to black out restrictions. Twenty-five percent of the restricted stock units vested on July 31, 2025 and the remainder will vest in substantially equal annual installments thereafter over the next three years. The restricted stock units reported on this report vested prior to December 22, 2025 but were not settled due to black out restrictions.
