Joel Agena - 23 Feb 2022 Form 4 Insider Report for PLAYSTUDIOS, Inc. (MYPS)

Signature
/s/ Joel Agena
Issuer symbol
MYPS
Transactions as of
23 Feb 2022
Net transactions value
$0
Form type
4
Filing time
02 Mar 2022, 20:35:25 UTC
Previous filing
01 Jul 2021
Next filing
17 May 2022

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 0 $0.000000* 0 23 Feb 2022 Class A Common Stock 300,000 $0.000000 Direct F1
holding MYPS Stock Options 0 23 Feb 2022 Class A Common Stock 46,609 $0.9000 Direct
holding MYPS Stock Options 0 23 Feb 2022 Class A Common Stock 93,217 $1.44 Direct F2
holding MYPS Stock Options 0 23 Feb 2022 Class A Common Stock 93,217 $1.01 Direct
holding MYPS Earnout Shares 28,040 23 Feb 2022 Class A Common Stock 28,040 $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units will vest in three equal annual increments (each annual installment being 33.33% of the grant) with the first annual increment vesting on May 15, 2022, subject in each case to continued employment with the Company through the applicable annual vesting date.
F2 The stock options vest in equal monthly amounts over the 48 months of service beginning on January 1, 2019.
F3 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, by and among Acies Acquisition Corp., Catalyst Merger Sub I, Inc., Catalyst Merger Sub II, LLC, and Old PLAYSTUDIOS, and ending no later than the five-year anniversary of the Closing (the earnout consideration will also vest based on the price targets in connection with a sale of the Issuer).