Form 4: Skillz Inc. Director Seth Schorr Reports Stock Vesting
SEC Form 4 Filing
Director Seth Schorr reports the vesting and settlement of restricted stock units into Class A common stock of Skillz Inc.
Summary
- On September 4, 2024, Skillz Inc. Director Seth Schorr reported the vesting and settlement of 3,116 restricted stock units into Class A common stock.
- These units converted into Class A common stock at a price of $0.
- Following the transaction, Schorr directly owns 12,467 shares of Class A common stock and 6,235 unvested restricted stock units.
- The reported transactions reflect adjustments for the 1-for-20 reverse stock split that occurred on June 23, 2023.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reports routine stock vesting, which is neither particularly positive nor negative.
Industry Context
This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market.
Key Dates
| Date | Description |
|---|---|
| June 23, 2023 | Effective date of the 1-for-20 reverse stock split. |
| September 4, 2024 | Date of restricted stock units vesting and settlement. |
| September 6, 2024 | Date of Power of Attorney execution. |
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