Skillz Inc. has announced new compensation terms for 2025, following delays in filing its annual and quarterly reports. On December 19, 2025, the company granted its annual long-term equity incentive awards to employees. For CEO Andrew Paradise, the board approved a 2025 long-term equity incentive grant consisting of $1.5 million in restricted stock units (RSUs) and $1.5 million in performance stock units (PSUs). Additionally, Paradise received a one-time special PSU award with a grant date fair value of $3.0 million. The PSUs are subject to performance-based vesting over a three-year period, with payouts ranging from 0% to 200% based on metrics such as Adjusted EBITDA and net gaming revenue. The special PSU award will vest over four years, contingent on achieving stock price milestones between $9.00 and $19.00, with vesting occurring only if the company’s stock price reaches at least $9.00.

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