Kimo Akiona - May 28, 2024 Form 4 Insider Report for PlayAGS, Inc. (AGS)

Role: CFO Chief Acctg Off and Treas
Signature: /s/Rob Ziems, Attorney in Fact
Stock symbol: AGS
Transactions as of: May 28, 2024
Transactions value $: -$663,058
Form type: 4
Date filed: 5/30/2024, 05:32 PM
Previous filing: Apr 17, 2024
Next filing: Sep 20, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AGS	Common Stock	Options Exercise		+92.8K	+32.02%		383K	May 28, 2024	Direct	F1, F2
transaction	AGS	Common Stock	Tax liability	-$418K	-36.5K	-9.54%	$11.45	346K	May 28, 2024	Direct	F2, F3
transaction	AGS	Common Stock	Tax liability	-$245K	-21.1K	-5.29%	$11.58	379K	May 28, 2024	Direct	F3, F4

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	+92.8K	+646.38%	$0.00	107K	May 28, 2024	Common Stock	92.8K		Direct	F1, F5

* 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 Company 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 504,714 unvested restricted stock units held by the Reporting Person as of transaction date.
F3	Exempt transaction pursuant to Rule 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the vesting of restricted shares, as approved by the Issuer's board of directors in accordance with Rule 16b-3. All of the shares reported as disposed of on this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the settlement of vested restricted shares. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
F4	Excluded from the calculation of the amount of beneficially owned securities are 450,989 unvested restricted stock units held by the Reporting Person as of transaction date.
F5	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 60 consecutive trading days exceeded $9.06 and after the award's minimum service period requirement had been met.