Form 4: Skillz Director Cabot Converts RSUs to Stock

Skillz Inc. Director Anthony Cabot converted 19,048 restricted stock units into Class A common stock on December 22, 2025, increasing his direct ownership.

Summary

• Anthony Cabot, a Director of Skillz Inc. (SKLZ), acquired 19,048 shares of Class A common stock.
• This acquisition resulted from the settlement of restricted stock units (RSUs) at a price of $0 per share.
• The transaction occurred on December 22, 2025.
• Following this transaction, Mr. Cabot directly owns 19,048 shares of Class A common stock.
• He also beneficially owns 57,142 derivative securities, which are remaining restricted stock units.
• The restricted stock units that settled on December 22, 2025, had vested prior to this date but their settlement was delayed due to company-imposed blackout restrictions.
• The remaining 57,142 restricted stock units are scheduled to vest in equal annual installments on October 4 of each year over the next three years.

Sentiment

Score: 6

Explanation: Slightly positive as a director is increasing direct stock ownership, albeit through a pre-scheduled RSU settlement. The delay due to blackout restrictions is a minor neutral point.

Positives

• Director Anthony Cabot increased his direct ownership of Skillz Inc. Class A common stock by 19,048 shares.
• The conversion of restricted stock units into common stock demonstrates a director's continued equity stake and alignment with shareholder interests.

Negatives

• Settlement of the restricted stock units was delayed due to blackout restrictions, indicating a period where insiders were restricted from trading.

Future Outlook

The remaining 57,142 restricted stock units held by Director Anthony Cabot are scheduled to vest in equal annual installments on October 4 of each year over the next three years.

Industry Context

This filing pertains to an individual insider transaction and does not provide information relevant to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: May view the director's increased direct ownership positively as it aligns management's interests with shareholder value.

Next Steps

• Future vesting of 57,142 restricted stock units in equal annual installments on October 4 of each year over the next three years.

Key Dates

Keywords

Skillz Inc., SKLZ, Anthony Cabot, Form 4, insider transaction, restricted stock units, RSU, common stock, director, beneficial ownership