Skillz CAO settles PSUs, withholds shares for taxes
Skillz Inc. Chief Accounting Officer Todd A. Valli reported compensation-related equity activity involving performance stock units and Class A common stock.
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Form Type
4
Rhea-AI Filing Summary
Skillz Inc. Chief Accounting Officer Todd A. Valli reported compensation-related equity activity involving performance stock units and Class A common stock. On April 10, 2026, 2,206 performance stock units granted on October 1, 2025 became eligible to vest after the Compensation Committee certified that strategic objective goals had been satisfied. On June 1, 2026, these units settled into 2,206 shares of Class A common stock, and 655 of those shares were withheld to cover withholding taxes tied to the vesting. Following these transactions, Valli directly holds 1,551 shares of Class A common stock.
Insider Trade Summary
2,206 shares exercised/converted
Exercise
4 txns
Insider
VALLI TODD A.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 2,206 | $0.00 | $0.00 |
| Exercise | Class A common stock | 2,206 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A common stock | 655 | $2.51 | $2K |
| Grant/Award | Performance Stock Unit | 2,206 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Stock Unit — 0 contracts (Direct);
Class A common stock — 1,551 shares (Direct)
Footnotes (3)
- F1. The performance stock units settled in Class A common stock of the Company on June 1, 2026.
- F2. Represents shares withheld for payment of withholding taxes in connection with vesting of performance stock unit awards.
- F3. On October 1, 2025, the reporting person was granted performance stock units that were eligible to vest based on the Issuer's achievement of certain strategic objective goals. On April 10, 2026, the Compensation Committee of the Issuer's Board of Directors certified that the strategic objective goals had been satisfied, resulting in the vesting of these units. On June 1, 2026, the units settled into shares of Class A common stock.
Key Figures
Performance stock units granted: 2,206 units
Units settled into stock: 2,206 shares
Shares withheld for taxes: 655 shares
+1 more
4 metrics
Performance stock units granted
2,206 units
Granted on October 1, 2025
Units settled into stock
2,206 shares
Settled into Class A common stock on June 1, 2026
Shares withheld for taxes
655 shares
Withheld to cover tax obligations on June 1, 2026
Shares held after transactions
1,551 shares
Direct Class A common stock holdings following June 1, 2026 events
Key Terms
Performance Stock Unit, withholding taxes, vesting, Compensation Committee
4 terms
Performance Stock Unit financial
"The performance stock units settled in Class A common stock of the Company on June 1, 2026."
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
withholding taxes financial
"Represents shares withheld for payment of withholding taxes in connection with vesting of performance stock unit awards."
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
vesting financial
"On April 10, 2026, the Compensation Committee of the Issuer's Board of Directors certified that the strategic objective goals had been satisfied, resulting in the vesting of these units."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Compensation Committee financial
"On April 10, 2026, the Compensation Committee of the Issuer's Board of Directors certified that the strategic objective goals had been satisfied, resulting in the vesting of these units."
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity transactions did Skillz (SKLZ) report for Todd A. Valli?
Skillz reported that Chief Accounting Officer Todd A. Valli had 2,206 performance stock units vest and settle into Class A common stock. Of these, 655 shares were withheld to cover tax obligations, leaving him with 1,551 directly held shares after the transactions.
Were Todd A. Valli’s Skillz (SKLZ) transactions open-market buys or sells?
The transactions were not open-market buys or sells. They reflect vesting and settlement of 2,206 performance stock units into Class A common stock, with 655 shares withheld to pay taxes, a routine compensation and tax-withholding event rather than discretionary market trading.
What triggered the vesting of Todd A. Valli’s Skillz (SKLZ) performance stock units?
Vesting was triggered when the Compensation Committee certified that strategic objective goals were achieved. These performance stock units were originally granted on October 1, 2025 and, after certification on April 10, 2026, they became eligible to vest and later settled into Class A common shares.
When did Todd A. Valli’s Skillz (SKLZ) performance stock units settle into common stock?
The performance stock units settled into Class A common stock on June 1, 2026. At that time, 2,206 units converted into an equal number of shares, and 655 of those shares were simultaneously withheld by the company to cover required tax withholding obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
