Skillz (NYSE: SKLZ) CEO reports RSU vesting, tax-withholding share dispositions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Skillz Inc. Chief Executive Officer Andrew Paradise reported compensation-related stock activity tied to vested restricted stock units on May 19, 2026. He acquired 114,386 shares of Class A common stock through derivative exercises, while 27,854 shares were withheld to cover tax obligations. Following these transactions, he directly owned 1,424,097 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
114,386 shares exercised/converted
Mixed
6 txns
Insider
Paradise Andrew
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 90,576 | $0.00 | -- |
| Exercise | Restricted Stock Units | 23,810 | $0.00 | -- |
| Exercise | Class A common stock | 90,576 | $0.00 | -- |
| Tax Withholding | Class A common stock | 22,056 | $2.59 | $57K |
| Exercise | Class A common stock | 23,810 | $0.00 | -- |
| Tax Withholding | Class A common stock | 5,798 | $2.59 | $15K |
Holdings After Transaction:
Restricted Stock Units — 271,737 shares (Direct, null);
Class A common stock — 1,446,153 shares (Direct, null)
Footnotes (1)
- The restricted stock units settled in Class A common stock of the Company on May 19, 2026. Represents shares withheld for payment of withholding taxes in connection with vesting of restricted stock unit awards. Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock. Twenty-five percent of the restricted stock unit grant vested on January 1, 2024 and the remainder will vest in substantially equal quarterly installments thereafter. Restricted stock units on this report vested prior to May 19, 2026. The restricted stock unit grant will vest in quarterly installments over a period of three years. Restricted stock units on this report vested prior to May 19, 2026.
Key Figures
Shares acquired via RSU exercises: 114,386 shares
Shares withheld for taxes: 27,854 shares
Post-transaction holdings: 1,424,097 shares
+3 more
6 metrics
Shares acquired via RSU exercises
114,386 shares
Derivative exercises of restricted stock units on May 19, 2026
Shares withheld for taxes
27,854 shares
Tax-withholding dispositions related to RSU vesting
Post-transaction holdings
1,424,097 shares
Class A common stock directly owned after transactions
Single RSU lot exercised
23,810 shares
One of the Class A common stock derivative exercises
Second RSU lot exercised
90,576 shares
Additional Class A common stock derivative exercise
Tax withholding disposition price
$2.59 per share
Price used for tax-withholding share dispositions
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, contingent right
4 terms
Restricted Stock Units financial
"The restricted stock units settled in Class A common stock of the Company on May 19, 2026."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Represents shares withheld for payment of withholding taxes in connection with vesting of restricted stock unit awards."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of the Company's Class A common stock."
FAQ
What insider transaction did Skillz (SKLZ) CEO Andrew Paradise report?
Andrew Paradise reported equity compensation activity, not an open-market trade. Restricted stock units vested and settled into Class A common shares, with some shares withheld to cover tax obligations related to this vesting, as reflected in the Form 4 filing.
How do the Skillz (SKLZ) Form 4 transactions classify under SEC codes M and F?
Code M in the Form 4 indicates exercises or conversions of derivative securities, here restricted stock units settling into common shares. Code F indicates shares disposed of to cover tax liabilities or exercise costs by delivering securities.