Company: SKLZ
Filing Date: 2025-11-06
Form Type: 10-K
Source: 0001801661-25-000050
Chunk: 90

Company: Skillz Inc.
Filing Date: 2025-11-06
Form: 10-K
Item: Item 12
Chunk 90
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 1,769,947 outstanding restricted stock units under the Omnibus Plan. Amounts reported do not include 51,344 outstanding options assumed under the Omnibus Plan as Substitute Awards in connection with the Business Combination. The Substitute Award Options have a weighted average exercise price of $7.80.

The following table sets forth certain information, as of December 31, 2024, concerning shares of our Class B Common Stock authorized for issuance under the Omnibus Plan.

Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights (a) (#)Weighted Average Exercise Price of Outstanding Options, Warrants and Rights (b) ($)(1)Number of Securities Remaining Available for Future Issuance under Equity Compensation Plans (Excluding Securities Reflected in Column (a)) (c) (#)(2)Equity compensation plans approved by stockholders(3)498,000 353.60 620,365 Equity compensation plans not approved by stockholders— — — Total498,000 353.60 620,365 

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(1)Reflects the weighted average exercise price of outstanding stock options.

(2)As of December 31, 2024, 620,365 shares of Class B Common Stock remained available for issuance under the Omnibus Plan. Pursuant to the evergreen provision in the Omnibus Plan, the number of Class B shares available for issuance increases automatically on January 1 of each calendar year beginning in 2021 in an amount equal to the lesser of (i) 5% of the aggregate number of outstanding shares of our Class B Common Stock on the final day of the immediately preceding calendar year and (ii) such smaller number of shares determined by our Board. Pursuant to the evergreen provision in the Omnibus Plan, as of January 1, 2025, 171,503 shares of Class B Common Stock were added to the share reserve. 

(3)Includes 498,000 outstanding stock options under the Omnibus Plan.

Security Ownership of Certain Beneficial Owners, Directors and Management

The following table sets forth information regarding the beneficial ownership of our Class A Common Stock and Class B Common Stock as of November 3, 2025 by: (a) each of our directors and named executive officers; (b) all directors and executive officers as a group; and (c) each person who is known to us to own beneficially more than 5% of the