Skillz : CEO Performance Stock Unit Cancellation Letter dated March 14, 2022 - Form 8-K
March 18, 2022 at 05:18 pm EDT
Share
On September 14, 2021, you were granted by the Board of Directors of Skillz Inc. (the "Company") a CEO Performance Stock Unit Award of 16,119,540 performance stock units. The performance stock units were divided into four (4) tranches, each vesting upon the achievement of a corresponding Market Capitalization Milestone ranging from two (2) to five (5) times the Company's market capitalization baseline calculated at the time of grant using the trailing 30-trading day volume weighted average price per share of the Company's Class A common stock and average number of shares outstanding during such period. In light of the changes in the Company's market capitalization since such grant, and in consideration for, among other things, your continued employment with the Company, you agree to the cancellation of the CEO Performance Stock Unit Award granted to you on September 14, 2021, which is hereby cancelled and permanently forfeited in its entirety without further action by any party.
Sincerely,
SKILLZ INC.
By: /s/ Charlotte Edelman
Name: Charlotte Edelman
Title: Vice President of Legal
Dated: March 14, 2022
ACCEPTED AND AGREED:
/s/ Andrew Paradise
(Signature)
Name: Andrew Paradise
Date: March 14, 2022
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Skillz Inc. published this content on 18 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2022 21:17:04 UTC.
Skillz Inc. (Skillz) is a mobile games platform. The Skillz platform helps developers create franchises. The Company hosts various casual eSports tournaments for various mobile players worldwide. Its technology platform aligns the interests of developers and gamers with respect to user monetization. It monetizes user engagement primarily through prizes. The Company offers a range of gaming experiences for users. It enables game genres that can be played asynchronously, synchronously or turn-based synchronously. Its end-to-end technology platform enables mobile game developers to improve gameplay experiences and drive improved engagement, retention and revenue from their content. It offers an integrated software development kit (SDK), which contains over 200 features, including various social features, such as in-game chat, friends, tournaments and leagues, which allow players to interact and build relationships in the player community.
SKILLZ INC. 
