Skillz Inc. Awards Equity Incentives to CEO

Skillz Inc. announced on December 19, 2025, the award of long-term equity incentives to its employees, including its CEO, Andrew Paradise. These awards were delayed due to previous filings of annual and quarterly reports. Mr. Paradise received a 2025 annual long-term equity incentive award valued at $3 million, consisting of restricted stock units (RSUs) and performance stock units (PSUs). Additionally, he received a special one-time award of performance stock units (PSUs) valued at $3 million. The RSUs vest over three years, while the PSUs have performance-based vesting tied to company goals and stock price milestones. The awards are subject to continued service and specific terms outlined in the company's 2020 Omnibus Incentive Plan. Vesting conditions and potential payouts are detailed, including provisions for termination of service and change in control events.