Skillz CEO equity awards vest, shares withheld for taxes
Skillz Inc. director and CEO Andrew Paradise reported equity compensation activity rather than open-market trading in the company’s Class A common stock.
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Form Type
4
Rhea-AI Filing Summary
Skillz Inc. director and CEO Andrew Paradise reported equity compensation activity rather than open-market trading in the company’s Class A common stock. On April 24, 2026, 50% of a performance stock unit award vested based on stock price goals and later settled into 285,714 shares.
On May 26, 2026, he received a grant of 246,305 restricted stock units, each representing one future share, scheduled to vest in twelve equal installments over three years starting January 1, 2026. On June 5, 2026, restricted stock units and performance stock units settled into shares, and a total of 120,506 shares were withheld at prices of $2.59 and $12.45 per share to cover tax obligations.
Insider Trade Summary
306,239 shares exercised/converted
Exercise
7 txns
Insider
Paradise Andrew
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 20,525 | $0.00 | $0.00 |
| Exercise | Class A common stock | 285,714 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A common stock | 112,429 | $12.45 | $1.40M |
| Exercise | Class A common stock | 20,525 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A common stock | 8,077 | $2.59 | $21K |
| Grant/Award | Restricted Stock Unit | 246,305 | $0.00 | $0.00 |
| Exercise | Performance Stock Unit | 285,714 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Stock Unit — 285,715 contracts (Direct);
Restricted Stock Unit — 225,780 contracts (Direct);
Class A common stock — 1,691,037 shares (Direct)
Footnotes (7)
- F1. The performance stock units settled in Class A common stock of the Company on June 5, 2026.
- F2. Represents shares withheld for payment of withholding taxes in connection with vesting of performance stock unit awards.
- F3. The restricted stock units settled in Class A Common stock of the Company on June 5, 2026.
- F4. Represents shares withheld for payment of withholding taxes in connection with vesting of restricted stock unit awards.
- F5. The reporting person was granted performance stock units that were eligible to vest based on stock price performance. On April 24, 2026, 50% of the target units vested based upon achievement of certain goals. On June 5, 2026, the units settled into shares of Class A common stock.
- F6. Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock.
- F7. The restricted stock unit grant will vest in twelve substantially equal installments over three years on each three month anniversary of January 1, 2026, subject to continuous service with the Company.
Key Figures
Performance stock units vested: 285,714 units
RSU grant: 246,305 units
RSU settlement: 20,525 shares
+4 more
7 metrics
Performance stock units vested
285,714 units
Vested based on stock price goals, settled June 5, 2026
RSU grant
246,305 units
Granted May 26, 2026, vesting over three years
RSU settlement
20,525 shares
Restricted stock units settled into Class A common stock June 5, 2026
Tax withholding at $2.59
8,077 shares at $2.59/share
Shares withheld for taxes on June 5, 2026
Tax withholding at $12.45
112,429 shares at $12.45/share
Shares withheld for taxes on June 5, 2026
Total tax withholding shares
120,506 shares
Aggregate F-code tax-withholding dispositions in this filing
Total derivative exercises
306,239 shares
ExerciseShares from transaction summary (PSUs and RSUs)
Key Terms
Restricted Stock Unit, Performance Stock Unit, withholding taxes, Class A common stock, +1 more
5 terms
Restricted Stock Unit financial
"The restricted stock units settled in Class A Common stock of the Company on June 5, 2026."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Performance Stock Unit financial
"The performance stock units settled in Class A common stock of the Company on June 5, 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.
Class A common stock financial
"Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
grant, award, or other acquisition financial
"Grant, award, or other acquisition"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Skillz (SKLZ) CEO Andrew Paradise report in this Form 4?
Andrew Paradise reported equity compensation events, including vesting and settlement of performance and restricted stock units into Class A common shares, plus share withholding for taxes. The filing shows compensation-related activity, not open-market stock purchases or sales.
How many performance stock units vested for Skillz (SKLZ) CEO Andrew Paradise?
A performance stock unit award for Andrew Paradise vested for 50% of its target, resulting in 285,714 units. These units, tied to stock price performance goals, later settled into an equal number of Class A common shares on June 5, 2026.
What restricted stock unit grant did Skillz (SKLZ) CEO Andrew Paradise receive?
On May 26, 2026, Andrew Paradise received a grant of 246,305 restricted stock units. Each RSU equals one Class A common share and is scheduled to vest in twelve substantially equal quarterly installments over three years, starting January 1, 2026.
Did Skillz (SKLZ) CEO Andrew Paradise make any open-market stock trades?
The filing shows no open-market purchases or sales. All transactions are coded as equity award grants, vesting, derivative exercises, and tax-withholding dispositions, indicating compensation-related events rather than discretionary buying or selling of Skillz shares on the open market.
How will Andrew Paradise’s restricted stock units in Skillz (SKLZ) vest over time?
The restricted stock units granted on May 26, 2026, will vest in twelve substantially equal installments. Vesting occurs every three months over three years from January 1, 2026, and is conditioned on Andrew Paradise’s continuous service with Skillz during that period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
