SKLZ 4 Filing - Insider Trading Report

Skillz Inc. director reported the settlement of previously granted restricted stock units into Class A common stock.

Accepted by SEC EDGAR 12/23/2025 - 07:01 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Skillz Inc. director reported the settlement of previously granted restricted stock units into Class A common stock. On December 22, 2025, 7,067 restricted stock units converted into 7,067 shares of Class A common stock at an exercise price of $0, increasing the director’s directly held Class A common stock to 14,134 shares.

The filing also shows ongoing equity incentives. After this settlement, the director still holds 14,137 restricted stock units, which were part of a grant that vests in four equal annual installments beginning on January 20, 2024. All share amounts reflect Skillz’s 1‑for‑20 reverse stock split effective June 23, 2023.

Insider Trade Summary

7,067 shares exercised/converted

Exercise 2 txns

Insider Mandel Alexander

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	7,067	$0.00	$0.00
Exercise	Class A common stock	7,067	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 14,137 contracts (Direct); Class A common stock — 14,134 shares (Direct)

Holdings Before and After: Restricted Stock Units, 21,204 to 14,137 contracts (Direct); Class A common stock, 7,067 to 14,134 shares (Direct)

Footnotes (5)

1. F1. The restricted stock units settled in Class A common stock of the Company on December 22, 2025.
2. F2. Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock.
3. F3. On June 23, 2023 (the "Effective Date"), the Class A common stock of the Issuer 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).
4. F4. The grant of restricted stock units was previously reported as covering 565,431 shares, 424,080 which remained unvested (prior to the Reverse Stock Split, which is equal to 21,204 shares post Reverse Stock Split). Following the reported transactions, 14,137 shares remained unvested (as adjusted for the Company's Reverse Stock Split).
5. F5. The restricted stock grant will vest in four equal annual installments beginning on January 20, 2024. The restricted stock units reported on this report vested prior to December 22, 2025 but were not settled due to black out restrictions.

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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^*

Mandel Alexander

(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		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/22/2025

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)		7,067	A	$0	14,134	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	(2)	12/22/2025		M			7,067(3)(4)	(5)	(5)	Class A common stock	7,067	$0	14,137	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. On June 23, 2023 (the "Effective Date"), the Class A common stock of the Issuer 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).

4. The grant of restricted stock units was previously reported as covering 565,431 shares, 424,080 which remained unvested (prior to the Reverse Stock Split, which is equal to 21,204 shares post Reverse Stock Split). Following the reported transactions, 14,137 shares remained unvested (as adjusted for the Company's Reverse Stock Split).

5. The restricted stock grant will vest in four equal annual installments beginning on January 20, 2024. The restricted stock units reported on this report vested prior to December 22, 2025 but were not settled due to black out restrictions.

Remarks:

Exhibit 24.1 See power of attorney attached.

	/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).
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