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Skillz (NYSE: SKLZ) CFO discloses RSU grant and stock settlement

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Skillz Inc.’s chief financial officer reported equity transactions involving Class A common stock and restricted stock units. On December 22, 2025, the officer acquired 57,142 shares and 65,359 shares of Class A common stock at a price of $0 per share through code “M” transactions, reflecting the settlement of previously granted restricted stock units, and held 122,501 shares directly afterward. A new grant of 76,190 restricted stock units was reported on December 19, 2025, each representing a contingent right to receive one share of Class A common stock. As of the grant date, 57,142 restricted stock units had vested, with the remaining 19,048 scheduled to vest on January 1, 2026, subject to continued service, and some units were previously delayed in settlement due to blackout restrictions.

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Insider Franceschi Gaetano
Role Chief Financial Officer
Type Security Shares Price Value
Exercise Restricted Stock Unit 57,144 $0.00 --
Exercise Restricted Stock Unit 65,359 $0.00 --
Exercise Class A common stock 57,142 $0.00 --
Exercise Class A common stock 65,359 $0.00 --
Grant/Award Restricted Stock Unit 76,190 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 19,046 shares (Direct); Class A common stock — 57,142 shares (Direct)
Footnotes (1)
  1. The restricted stock units settled in Class A common stock of the Company on December 22, 2025. Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock As of the grant date, 57,142 restricted stock units have vested. The remaining 19,048 restricted stock units will vest on January 1, 2026, subject to the grantee's continued service with the Company. The restricted stock units reported on this report vested prior to December 22, 2025 but were not settled due to black out restrictions.
Form 4 Insider Transactions: What Each Field Means →
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
Franceschi Gaetano
(Last) (First) (Middle)
C/O SKILLZ INC.
6625 BADURA AVE
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
12/19/2025
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 12/22/2025 M(1) 57,142 A $0 57,142 D
Class A common stock 12/22/2025 M(1) 65,359 A $0 122,501 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 Unit (2) 12/19/2025 A 76,190 (3) (3) Class A common stock 76,190 $0 76,190 D
Restricted Stock Unit (2) 12/22/2025 M 57,144 (3) (3) Class A common stock 57,144 $0 19,046 D
Restricted Stock Unit (2) 12/22/2025 M 65,359 (4) (4) Class A common stock 65,359 $0 0 D
Explanation of Responses:
1. The restricted stock units settled in Class A common stock of the Company on December 22, 2025.
2. Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock
3. As of the grant date, 57,142 restricted stock units have vested. The remaining 19,048 restricted stock units will vest on January 1, 2026, subject to the grantee's continued service with the Company.
4. The restricted stock units reported on this report vested prior to December 22, 2025 but were not settled due to black out restrictions.
Remarks:
/s/ Nikul D. Patel, Attorney-in-Fact 12/23/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Skillz (SKLZ) report in this Form 4?

The chief financial officer of Skillz Inc. reported transactions in Class A common stock and related restricted stock units (RSUs), including a new RSU grant and the settlement of existing RSUs into shares on December 22, 2025.

How many Skillz (SKLZ) shares did the CFO acquire in the reported transactions?

On December 22, 2025, the CFO acquired 57,142 shares and 65,359 shares of Skillz Class A common stock via code “M” transactions at a price of $0 per share, reflecting RSU settlements.

What new restricted stock unit grant did the Skillz CFO receive?

On December 19, 2025, the CFO received a grant of 76,190 restricted stock units, each representing a contingent right to receive one share of Skillz Class A common stock.

When do the Skillz CFO’s new restricted stock units vest?

The filing states that as of the grant date, 57,142 restricted stock units had vested, and the remaining 19,048 restricted stock units will vest on January 1, 2026, subject to the officer’s continued service with the company.

Why were some Skillz restricted stock units settled later than their vesting date?

The filing notes that certain restricted stock units vested prior to December 22, 2025 but were not settled into shares earlier because of black out restrictions affecting the timing of settlement.

What is the reporting person’s role and relationship to Skillz (SKLZ)?

The reporting person is an officer of Skillz Inc., serving as the company’s chief financial officer, and the Form 4 is filed as a single reporting person filing.