secwatch.observer — SEC 8-K summary
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Issuer:     Skillz Inc. (SKLZ)
CIK:        0001801661
Form:       8-K
Filed at:   2025-12-23T23:59:59+00:00
Accession:  0001801661-25-000104
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Skillz CEO Andrew Paradise receives $6M equity grant plus $3M special PSUs tied to stock milestones
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- CEO granted $1.5M RSUs and $1.5M PSUs for 2025 annual LTI, and a special $3M PSU award.
- Special PSUs vest over 4 years based on stock price milestones from $9 to $19 (30-day VWAP).
- RSUs vest quarterly over 3 years; PSUs vest based on annual Adjusted EBITDA and NGR goals.
- Awards were delayed due to late 10-K/10-Q filings; granted Dec 19, 2025 after Dec 11 filing catch-up.
- Andrew Paradise is CEO, Chairman, and controlling stockholder of Skillz.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801661/000180166125000104/0001801661-25-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801661/000180166125000104/sklz-20251219.htm
  HTML page:      https://secwatch.observer/filing/0001801661-25-000104

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer