Joel Agena - Mar 11, 2024 Form 4/A Insider Report for PLAYSTUDIOS, Inc. (MYPS)

Signature
/s/ Joel Agena
Stock symbol
MYPS
Transactions as of
Mar 11, 2024
Transactions value $
-$26,484
Form type
4/A
Date filed
3/27/2024, 08:02 PM
Date Of Original Report
Mar 13, 2024
Previous filing
Jun 14, 2023
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MYPS Class A Common Stock Options Exercise $0 +25K +21.33% $0.00 142K Mar 11, 2024 Direct F2
transaction MYPS Class A Common Stock Tax liability -$26.5K -12K -8.47% $2.20 130K Mar 11, 2024 Direct F3
holding MYPS Class A Common Stock 117K Mar 11, 2024 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 Award $0 +25K $0.00 25K Mar 11, 2024 Class A Common Stock 25K $0.00 Direct F4, F5
transaction MYPS Restricted Stock Units Options Exercise $0 -25K -100% $0.00* 0 Mar 11, 2024 Class A Common Stock 25K $0.00 Direct F4, F5
transaction MYPS Restricted Stock Units Award $0 +358K $0.00 358K Mar 11, 2024 Class A Common Stock 358K $0.00 Direct F4, F6
transaction MYPS Performance Stock Units Award $0 +41.7K $0.00 41.7K Mar 11, 2024 Class A Common Stock 41.7K $0.00 Direct F7
holding MYPS Restricted Stock Units 100K Mar 11, 2024 Class A Common Stock 100K $0.00 Direct F4, F8
holding MYPS Stock Options 46.6K Mar 11, 2024 Class A Common Stock 46.6K $0.90 Direct
holding MYPS Stock Options 93.2K Mar 11, 2024 Class A Common Stock 93.2K $1.44 Direct
holding MYPS Stock Option 93.2K Mar 11, 2024 Class A Common Stock 93.2K $1.01 Direct
holding MYPS Earnout Shares 28K Mar 11, 2024 Class A Common Stock 28K $0.00 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The original Form 4 filed on March 13, 2024 is amended to reflect an initial holding of 117,179 shares of Class A Common Stock rather than 157,179 shares as originally reported.
F2 Represents shares of Class A common stock, $0.0001 par value per share ("Class A Common Stock"), issued upon settlement of fully vested Restricted Stock Units awarded to the Reporting Person on March 11, 2024.
F3 Represents the number of shares of Class A Common Stock that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the net settlement of Restricted Stock Units and does not represent an open market sale.
F4 Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock.
F5 On March 11, 2024, the Reporting Person was granted 25,000 fully vested Restricted Stock Units.
F6 Represents a grant of unvested Restricted Stock Units. Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock. The Restricted Stock Units are scheduled to vest as follows, subject in each case to the Reporting Person's continued employment with the Company through the applicable vesting date: 66,667 Restricted Stock Units vesting on May 15, 2024; 125,000 Restricted Stock Units vesting on May 15, 2025; 83,334 Restricted Stock Units vesting on May 15, 2026; and 83,334 Restricted Stock Units vesting on May 15, 2027.
F7 Each Performance Stock Unit represents the contingent right to receive, upon vesting and settlement, up to one share of Class A Common Stock. The actual number of shares of Class A Common Stock to be issued upon vesting of such Performance Stock Units will be determined based on, and will be contingent upon, the achievement of certain pre-established performance metrics, as determined by the Compensation Committee of the Company's Board of Directors, for the fiscal year ending December 31, 2024.
F8 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 vesting on May 15, 2022, one-third vesting 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.
F9 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, to which the Issuer is a party, and ending no later than the five-year anniversary of the Closing. The Earnout Shares are also subject to potential vesting based on the price targets in connection with a sale of the Issuer.