Scott Edward Peterson - Oct 16, 2024 Form 4 Insider Report for PLAYSTUDIOS, Inc. (MYPS)

Signature
/s/ Joel Agena, Attorney-in-Fact
Stock symbol
MYPS
Transactions as of
Oct 16, 2024
Transactions value $
-$37,500
Form type
4
Date filed
10/18/2024, 05:14 PM
Previous filing
Sep 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MYPS Class A Common Stock Sale -$37.5K -25K -4.11% $1.50 584K Oct 16, 2024 by Scott E Peterson Trust F1, F2
holding MYPS Class A Common Stock 609K Oct 16, 2024 by Scott E Peterson Trust
holding MYPS Class A Common Stock 33.9K Oct 16, 2024 By Spouse F3

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 583K Oct 16, 2024 Class A Common Stock 583K $0.00 Direct F4, F5
holding MYPS Performance Stock Units 83.3K Oct 16, 2024 Class A Common Stock 83.3K $0.00 Direct F6
holding MYPS Stock Options 68K Oct 16, 2024 Class A Common Stock 68K $1.01 Direct
holding MYPS Stock Options 68K Oct 16, 2024 Class A Common Stock 68K $1.44 Direct
holding MYPS Earnout Shares 12.8K Oct 16, 2024 Class A Common Stock 12.8K $0.00 Direct F7
holding MYPS Earnout Shares 50.5K Oct 16, 2024 Class A Common Stock 50.5K $0.00 by Scott E Peterson Trust F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2024. This trading plan was previously disclosed in the Issuer's Quarterly Report on Form 10-Q filed on August 6, 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.47 to $1.53, 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.
F3 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
F4 Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock.
F5 On March 11, 2024, the Reporting Person was granted 766,669 unvested 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.
F6 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.
F7 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.