Joel Agena - 15 May 2022 Form 4 Insider Report for PLAYSTUDIOS, Inc. (MYPS)

Role
General Counsel
Signature
/s/ Joel Agena
Issuer symbol
MYPS
Transactions as of
15 May 2022
Net transactions value
$0
Form type
4
Filing time
17 May 2022, 18:58:33 UTC
Previous filing
02 Mar 2022
Next filing
17 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MYPS Class A Common Stock Options Exercise $0 +100,000 $0.000000 100,000 15 May 2022 Direct F1

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 Options Exercise -100,000 -33% 200,000 15 May 2022 Class A Common Stock 100,000 $0.000000 Direct F1, F2, F3
holding MYPS Stock Options 0 15 May 2022 Class A Common Stock 46,609 $0.9000 Direct
holding MYPS Stock Options 0 15 May 2022 Class A Common Stock 93,217 $1.44 Direct F4
holding MYPS Stock Options 0 15 May 2022 Class A Common Stock 93,217 $1.01 Direct
holding MYPS Earnout Shares 28,040 15 May 2022 Class A Common Stock 28,040 $0.000000 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into shares of Class A Common Stock on a one-for-one basis.
F2 The restricted stock units vested on May 15, 2022, pursuant to the applicable restricted stock unit agreement and the Company's 2021 Equity Incentive Plan (the "Plan").
F3 On February 23, 2022, the reporting person was granted 300,000 restricted stock units, vesting in three equal 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 vesting date and the terms and provisions of the Plan.
F4 The stock options vest in equal monthly amounts over the 48 months of service beginning on January 1, 2019.
F5 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)