Joel Agena - Jun 12, 2023 Form 4 Insider Report for PLAYSTUDIOS, Inc. (MYPS)

Role
General Counsel
Signature
/s/ Joel Agena
Stock symbol
MYPS
Transactions as of
Jun 12, 2023
Transactions value $
-$179,600
Form type
4
Date filed
6/14/2023, 04:56 PM
Previous filing
May 17, 2023
Next filing
Mar 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MYPS Class A Common Stock Sale -$180K -40K -25.45% $4.49 117K Jun 12, 2023 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
holding MYPS Restricted Stock Units 100K Jun 12, 2023 Class A Common Stock 100K $0.00 Direct F2, F3
holding MYPS Stock Options 46.6K Jun 12, 2023 Class A Common Stock 46.6K $0.90 Direct
holding MYPS Stock Options 93.2K Jun 12, 2023 Class A Common Stock 93.2K $1.44 Direct
holding MYPS Stock Options 93.2K Jun 12, 2023 Class A Common Stock 93.2K $1.01 Direct
holding MYPS Earnout Shares 28K Jun 12, 2023 Class A Common Stock 28K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.445 to $4.550, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote
F2 Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock.
F3 On February 23, 2022, the Reporting Person was granted 300,000 unvested Restricted Stock Units. The Restricted Stock Units vest in three equal installments, with one-third vested on May 15, 2022, one-third vested on May 15, 2023, and one-third vesting on May 15, 2024, subject in each case to continued employment with the Company through the applicable vesting date.
F4 Represents the contingent right to receive shares of Class A Common Stock (the "Earnout Shares"), vesting 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 June 17, 2021 closing (the "Closing") of the business combination to which the Issuer was a party and ending no later than the five-year anniversary of the Closing. The Earnout Shares will also vest based on certain specified price targets in connection with a sale of the Issuer.