Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000070
Chunk: 66

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1A
Chunk 66
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ITEM 1A. RISK FACTORS

There have been no material changes from the risk factors as previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2024.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Repurchases

The following table provides information about the purchases of our common stock made through the three months ended March 31, 2025:

PeriodsTotal Number of Shares PurchasedAverage Price Paid Per ShareTotal Number of SharesPurchased as Part ofPublicly Announced Plansor ProgramsApproximate Dollar Valueof Shares that May Yet BePurchased Under the Plansor Programs(in millions)(a)January 1, 2025 through January 31, 2025380,597 5.76380,597 $30.2 February 1, 2025, 2024 through February 28, 2025151,238 6.28151,238 $29.2 March 1, 2025 through March 31, 2025313,729 5.07313,729 $27.6 Total845,564 5.60845,564 

(a) In August 2023, our Board of Directors approved a share repurchase authorization for up to $65.0 million of our common stock. The share repurchase authorization had a term of 12 months and was permitted to be suspended or discontinued by our Board of Directors at any time.  On December 5, 2024, our Board of Directors reapproved the Company’s share repurchase program, pursuant to which the Company is authorized to purchase up to $41.1 million of its Class A Common Stock remaining under the Company’s legacy repurchase program and extended the expiration date until otherwise suspended, terminated or modified an any time for any reason by the Board. 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

During the fiscal quarter ended March 31, 2025, none of our directors or executive officers adopted, modified or terminated any contract, instruction or written plan for the purchase or sale of Company securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any “non-Rule 10b5-1 trading arrangement.”

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