Skillz CFO exercises 53,333 performance stock units
Skillz Inc. Chief Financial Officer Gaetano Franceschi exercised and settled performance stock units into common shares, with part withheld for taxes.
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Form Type
4
Rhea-AI Filing Summary
Skillz Inc. Chief Financial Officer Gaetano Franceschi exercised and settled performance stock units into common shares, with part withheld for taxes. A grant of 53,333 performance stock units vested after strategic objectives were certified and settled into 53,333 Class A shares on June 1, 2026. Of these, 12,987 shares were withheld at $2.51 per share to cover withholding taxes, leaving Franceschi with 147,426 Class A shares held directly after the transactions.
Insider Trade Summary
53,333 shares exercised/converted
Exercise
4 txns
Insider
Franceschi Gaetano
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 53,333 | $0.00 | $0.00 |
| Exercise | Class A common stock | 53,333 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A common stock | 12,987 | $2.51 | $33K |
| Grant/Award | Performance Stock Unit | 53,333 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Stock Unit — 0 contracts (Direct);
Class A common stock — 147,426 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 January 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: 53,333 units
Performance stock units vested and settled: 53,333 shares
Shares withheld for taxes: 12,987 shares
+3 more
6 metrics
Performance stock units granted
53,333 units
Granted January 1, 2025, eligible to vest on strategic goals
Performance stock units vested and settled
53,333 shares
Settled into Class A common stock on June 1, 2026
Shares withheld for taxes
12,987 shares
Withheld at $2.51 per share to cover withholding taxes
Shares held after transactions
147,426 shares
Class A common stock directly owned by CFO post June 1, 2026
Exercise-related transactions
1 exercise, 53,333 shares
Derivative exercise/conversion of performance stock units
Tax-withholding transactions
1 transaction, 12,987 shares
Payment of tax liability by delivering securities
Key Terms
performance stock units, withholding taxes, strategic objective goals, Compensation Committee, +1 more
5 terms
performance stock units financial
"The performance stock units settled in Class A common stock of the Company on June 1, 2026."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
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.
strategic objective goals financial
"Eligible to vest based on the Issuer's achievement of certain strategic objective goals."
Compensation Committee financial
"The Compensation Committee of the Issuer's Board of Directors certified that the strategic objective goals had been satisfied."
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.
derivative exercise/conversion financial
"Transaction action listed as derivative exercise/conversion for performance stock units."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Skillz (SKLZ) CFO Gaetano Franceschi report in this Form 4?
CFO Gaetano Franceschi reported the settlement of 53,333 performance stock units into Class A common stock and the withholding of 12,987 shares for taxes. These transactions reflect equity compensation mechanics rather than open-market buying or selling activity.
How many Skillz (SKLZ) performance stock units vested and settled for the CFO?
A total of 53,333 performance stock units vested for the CFO and settled into 53,333 shares of Class A common stock on June 1, 2026. Vesting followed certification that Skillz met certain strategic objective goals set for the award.
How were Skillz (SKLZ) performance stock units earned by the CFO?
The performance stock units were granted on January 1, 2025 and were eligible to vest based on Skillz achieving specified strategic objective goals. On April 10, 2026, the Compensation Committee certified those goals were met, triggering vesting and later settlement into common shares.
Were the Skillz (SKLZ) CFO’s transactions open-market trades?
The transactions were not open-market trades. They involved the vesting and settlement of 53,333 performance stock units into Class A common stock and withholding 12,987 shares for taxes, which are routine equity compensation and tax processes rather than discretionary market purchases or sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
