David Lopez - Sep 22, 2023 Form 4 Insider Report for PlayAGS, Inc. (AGS)

Role: Chief Executive Officer, Director
Signature: /s/Rob Ziems, Attorney in Fact
Stock symbol: AGS
Transactions as of: Sep 22, 2023
Transactions value $: -$132,979
Form type: 4
Date filed: 9/26/2023, 06:27 PM
Previous filing: Sep 21, 2023
Next filing: Jan 10, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AGS	Common Stock	Options Exercise		+48.3K	+16.07%		349K	Sep 22, 2023	Direct	F1, F2
transaction	AGS	Common Stock	Tax liability	-$133K	-19K	-5.45%	$7.00	330K	Sep 22, 2023	Direct	F2

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	AGS	Phantom Stock Units	Options Exercise		-48.3K	-7.15%		627K	Sep 22, 2023	Common Stock	48.3K		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share of phantom stock was the economic equivalent of one share of PlayAGS, Inc. common stock. The reporting person settled 100% of these shares of phantom stock for shares of PlayAGS, Inc. common stock.
F2	Excluded from the calculation of the amount of beneficially owned securities are 749,550 unvested restricted stock units held by the reporting person as of transaction date.
F3	The phantom stock units vest ratably in equal annual installments on each of the first four anniversaries following 9/21/2021, subject generally to the participant's continued employment through the vesting date.