Scott Edward Peterson - 11 Mar 2024 Form 4 Insider Report for PLAYSTUDIOS, Inc. (MYPS)

Signature
/s/ Joel Agena, Attorney-in-Fact
Issuer symbol
MYPS
Transactions as of
11 Mar 2024
Net transactions value
-$34,536
Form type
4
Filing time
13 Mar 2024, 16:37:01 UTC
Previous filing
17 May 2023
Next filing
17 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MYPS Class A Common Stock Options Exercise $0 +40,000 $0.000000 40,000 11 Mar 2024 Direct F2
transaction MYPS Class A Common Stock Tax liability $34,536 -15,698 -39% $2.20 24,302 11 Mar 2024 Direct F3
transaction MYPS Class A Common Stock Gift $0 -6,076 -25% $0.000000 18,226 13 Mar 2024 Direct F4
transaction MYPS Class A Common Stock Other $0 -18,226 -100% $0.000000* 0 13 Mar 2024 Direct F5
transaction MYPS Class A Common Stock Other +18,226 +4.1% 459,629 13 Mar 2024 by Scott E Peterson Trust F5
holding MYPS Class A Common Stock 441,403 11 Mar 2024 by Scott E Peterson Trust F1
holding MYPS Class A Common Stock 6,076 11 Mar 2024 By Spouse F6

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
transaction MYPS Restricted Stock Units Award $0 +40,000 $0.000000 40,000 11 Mar 2024 Class A Common Stock 40,000 $0.000000 Direct F7, F8
transaction MYPS Restricted Stock Units Options Exercise $0 -40,000 -100% $0.000000* 0 11 Mar 2024 Class A Common Stock 40,000 $0.000000 Direct F7, F8
transaction MYPS Restricted Stock Units Award $0 +766,669 $0.000000 766,669 11 Mar 2024 Class A Common Stock 766,669 $0.000000 Direct F7, F9
transaction MYPS Performance Stock Units Award $0 +83,333 $0.000000 83,333 11 Mar 2024 Class A Common Stock 83,333 $0.000000 Direct F10
holding MYPS Restricted Stock Units 150,000 11 Mar 2024 Class A Common Stock 150,000 $0.000000 Direct F7, F11
holding MYPS Stock Options 67,971 11 Mar 2024 Class A Common Stock 67,971 $1.44 Direct
holding MYPS Stock Options 67,974 11 Mar 2024 Class A Common Stock 67,974 $1.01 Direct
holding MYPS Earnout Shares 12,840 11 Mar 2024 Class A Common Stock 12,840 $0.000000 Direct F12
holding MYPS Earnout Shares 50,518 11 Mar 2024 Class A Common Stock 50,518 $0.000000 by Scott E Peterson Trust F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects change in form of ownership with respect to 140,975 shares from Direct (as previously reported) to Indirect (as currently reported) as a result of the transfer of such shares to the Reporting Person's trust.
F2 Represents shares of Class A common stock, $0.0001 par value per share ("Class A Common Stock"), issued upon settlement of fully vested Restricted Stock Units awarded to the Reporting Person on March 11, 2024.
F3 Represents the number of shares of Class A Common Stock that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the net settlement of Restricted Stock Units and does not represent an open market sale.
F4 Reflects the transfer of shares of Class A Common Stock to the Reporting Person's spouse.
F5 Reflect change in form of ownership from Direct to Indirect as a result of the transfer of such shares to the Reporting Person's trust.
F6 Reflects shares owned by the reporting person's spouse. The reporting person disclaims beneficial ownership of the shares held by his spouse, and the inclusion of such shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose
F7 Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock.
F8 On March 11, 2024, the Reporting Person was granted 25,000 fully vested Restricted Stock Units.
F9 Represents a grant of unvested Restricted Stock Units. Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock. The Restricted Stock Units are scheduled to vest as follows, subject in each case to the Reporting Person's continued employment with the Company through the applicable vesting date: 183,334 Restricted Stock Units vesting on May 15, 2024; 250,001 Restricted Stock Units vesting on May 15, 2025; 166,667 Restricted Stock Units vesting on May 15, 2026; and 166,667 Restricted Stock Units vesting on May 15, 2027.
F10 Each Performance Stock Unit represents the contingent right to receive, upon vesting and settlement, up to one share of Class A Common Stock. The actual number of shares of Class A Common Stock to be issued upon vesting of such Performance Stock Units will be determined based on, and will be contingent upon, the achievement of certain pre-established performance metrics, as determined by the Compensation Committee of the Company's Board of Directors, for the fiscal year ending December 31, 2024.
F11 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.
F12 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 Shares are also subject to potential vesting based on the price targets in connection with a sale of the Issuer.