David Lopez - Jan 9, 2024 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
Jan 9, 2024
Transactions value $
-$682,903
Form type
4
Date filed
1/10/2024, 07:27 PM
Previous filing
Sep 26, 2023
Next filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AGS Common Stock Options Exercise +211K +63.92% 540K Jan 9, 2024 Direct F1, F2
transaction AGS Common Stock Tax liability -$683K -84.2K -15.58% $8.11 456K Jan 9, 2024 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 Unit Options Exercise $0 -169K -50% $0.00 169K Jan 9, 2024 Common Stock 169K Direct F1, F3
transaction AGS Phantom Sock Units Options Exercise $0 -42.1K -50% $0.00 42.1K Jan 9, 2024 Common Stock 42.1K Direct F1, F4
* 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 vested on the first day that the average closing price per share of the company's common stock for the prior 20 consecutive trading days exceeded $6.67 and after the award's minimum service period requirement has been met.
F4 The phantom stock units vest ratably in equal annual installments on each of the first four anniversaries following the grant date, subject generally to the participant's continued employment through the vesting date.