Skillz (SKLZ) CEO Andrew Paradise details RSU vesting and tax withholdings

Rhea-AI Filing Summary

Skillz Inc.'s Chief Executive Officer, director and 10% owner Andrew Paradise reported multiple equity transactions involving Class A common stock and restricted stock units. On December 23, 2025 and January 7, 2026, blocks of 35,642 and 9,370 shares, respectively, were withheld at various prices to cover withholding taxes tied to vesting of restricted stock units.

On January 8, 2026, 90,576 and 23,810 restricted stock units converted into an equal number of Class A shares at a conversion price of $0, then additional shares (22,056 and 5,798) were withheld to satisfy tax obligations. After these transactions, Paradise held 1,355,577 shares of Class A common stock directly, along with 362,313 and 190,474 restricted stock units that remain unvested, all amounts adjusted for a prior 1-for-20 reverse stock split.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Paradise Andrew

(Last) (First) (Middle)

C/O SKILLZ INC.

6625 BADURA AVENUE

(Street)

LAS VEGAS NV 89118

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Skillz Inc. [ SKLZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/23/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A common stock	12/23/2025		F		35,642(1)	D	$5.03	1,404,081	D
Class A common stock	12/23/2025		F		35,642(1)	D	$6.82	1,368,439	D
Class A common stock	12/23/2025		F		35,642(1)	D	$8	1,332,797	D
Class A common stock	12/23/2025		F		35,642(1)	D	$4.5	1,297,155	D
Class A common stock	01/07/2026		F		9,370(1)	D	$4.5	1,287,785	D
Class A common stock	01/07/2026		F		9,370(1)	D	$6.82	1,278,415	D
Class A common stock	01/07/2026		F		9,370(1)	D	$8	1,269,045	D
Class A common stock	01/08/2026		M(2)		90,576	A	$0	1,359,621	D
Class A common stock	01/08/2026		F		22,056(3)	D	$4.41	1,337,565	D
Class A common stock	01/08/2026		M(2)		23,810	A	$0	1,361,375	D
Class A common stock	01/08/2026		F		5,798(3)	D	$4.41	1,355,577	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(4)	01/08/2026		M			90,576(5)(6)	(7)	(7)	Class A common stock	90,576	$0	362,313	D
Restricted Stock Units	(4)	01/08/2026		M			23,810	(8)	(8)	Class A common stock	23,810	$0	190,474	D

Explanation of Responses:

1. Represents shares withheld for payment of withholding taxes in connection with vesting of previously reported restricted stock unit awards.

2. The restricted stock units settled in Class A Common stock of the Company on January 8, 2026.

3. Represents shares withheld for payment of withholding taxes in connection with vesting of restricted stock unit awards

4. Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock.

5. 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).

6. The grant of restricted stock units was previously reported as covering 28,984,577 shares, of which 9,057,780 remained unvested prior to the reported transaction (prior to the Reverse Stock Split, which is equal to 452,889 shares post Reverse Stock Split). Following the reported transactions, 362,313 shares remained unvested (as adjusted for the Company's Reverse Stock Split).

7. 90,576 restricted stock units reported on this report vested on January 1, 2026 and settled on January 8, 2026. The remainder will vest in substantially equal quarterly installments thereafter over the following twelve calendar quarters.

8. 23,810 restricted stock units reported on this report vested on January 1, 2026 and settled on January 8, 2026. The remainder will vest in substantially equal quarterly installments thereafter over the following twelve calendar quarters.

Remarks:

	/s/ Nikul D. Patel, Attorney-in-Fact	01/09/2026
	** Signature of Reporting Person	Date
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FAQ

What insider activity did SKLZ CEO Andrew Paradise report on this Form 4?

Andrew Paradise reported tax-related dispositions of Class A common stock and the vesting and settlement of restricted stock units into shares of Skillz Inc. Class A common stock on several dates in late 2025 and early 2026.

How many Skillz (SKLZ) restricted stock units vested and settled on January 8, 2026?

On January 8, 2026, 90,576 and 23,810 restricted stock units vested and settled into an equal number of Skillz Class A common shares at a conversion price of $0 per share.

Why were Skillz (SKLZ) shares withheld from Andrew Paradise in these transactions?

The filing states that several share dispositions represent shares withheld for payment of withholding taxes in connection with the vesting of restricted stock unit awards.

How many SKLZ shares does Andrew Paradise own after the reported transactions?

Following the most recent reported transaction on January 8, 2026, Andrew Paradise directly beneficially owned 1,355,577 shares of Skillz Class A common stock.

How many Skillz (SKLZ) restricted stock units remain unvested for Andrew Paradise?

After the reported vesting events, 362,313 and 190,474 restricted stock units remained unvested, each unit representing a contingent right to receive one share of Skillz Class A common stock.

How did Skillzs reverse stock split affect the reported Form 4 numbers?

The filing notes that Skillz Class A common stock underwent a 1-for-20 reverse stock split on June 23, 2023, and all share amounts in the report are adjusted to reflect the effect of this reverse split.