Scott Edward Peterson - 11 May 2023 Form 4 Insider Report for PLAYSTUDIOS, Inc. (MYPS)

Role
Chief Financial Officer
Signature
/s/ Joel Agena, Attorney-in-Fact
Issuer symbol
MYPS
Transactions as of
11 May 2023
Net transactions value
-$113,125
Form type
4
Filing time
12 May 2023, 19:15:54 UTC
Previous filing
21 Oct 2022
Next filing
17 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MYPS Class A Common Stock Sale $113,125 -25,000 -33% $4.52 50,000 11 May 2023 Direct F1
holding MYPS Class A Common Stock 300,428 11 May 2023 by Scott E Peterson Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding MYPS Restricted Stock Units 300,000 11 May 2023 Class A Common Stock 300,000 $0.000000 Direct F2, F3
holding MYPS Stock Options 67,971 11 May 2023 Class A Common Stock 67,971 $1.44 Direct
holding MYPS Stock Options 67,974 11 May 2023 Class A Common Stock 67,974 $1.01 Direct
holding MYPS Earnout Shares 12,840 11 May 2023 Class A Common Stock 12,840 $0.000000 Direct F4
holding MYPS Earnout Shares 50,518 11 May 2023 Class A Common Stock 50,518 $0.000000 by Scott E Peterson Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.44 to $4.64, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 Each Restricted Stock Unit represents the contingent right to receive, upon vesting, one share of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of the Issuer.
F3 On February 23, 2022, the Reporting Person was granted 450,000 unvested Restricted Stock Units. The Restricted Stock Units vest in three equal installments, with one-third vesting on May 15, 2022, one-third vesting on May 15, 2023, and one-third vesting on May 15, 2024, subject in each case to continued employment with the Company through the applicable vesting date.
F4 Payable in two equal tranches if the closing price of the Class A Common Stock exceeds $12.50 and $15.00 per share, respectively, for any 20 trading days within any 30-trading day period commencing on or after the 150th day following the closing (the "Closing") of the business combination pursuant to the Agreement and Plan of Merger, dated as of February 1, 2021, to which the Issuer is a party, and ending no later than the five-year anniversary of the Closing (the earnout consideration will also vest based on the price targets in connection with a sale of the Issuer).

Remarks:

See Exhibit 24.1 - Power of Attorney