Joel Agena - May 15, 2024 Form 4 Insider Report for PLAYSTUDIOS, Inc. (MYPS)

Signature
Joel J. Agena
Stock symbol
MYPS
Transactions as of
May 15, 2024
Transactions value $
-$169,972
Form type
4
Date filed
5/17/2024, 06:14 PM
Previous 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 Options Exercise $0 +100K +58.77% $0.00 270K May 15, 2024 Direct F1
transaction MYPS Class A Common Stock Options Exercise $0 +66.7K +24.68% $0.00 337K May 15, 2024 Direct F2
transaction MYPS Class A Common Stock Tax liability -$170K -71.4K -21.2% $2.38 265K May 15, 2024 Direct F3
holding MYPS Class A Common Stock 170K May 15, 2024 Direct

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 $0 -100K -100% $0.00* 0 May 15, 2024 Class A Common Stock 100K $0.00 Direct F4, F5
transaction MYPS Restricted Stock Units Options Exercise $0 -66.7K -18.6% $0.00 292K May 15, 2024 Class A Common Stock 66.7K $0.00 Direct F4, F6
holding MYPS Performance Stock Units 41.7K May 15, 2024 Class A Common Stock 41.7K $0.00 Direct F7
holding MYPS Stock Options 46.6K May 15, 2024 Class A Common Stock 46.6K $0.90 Direct
holding MYPS Stock Options 93.2K May 15, 2024 Class A Common Stock 93.2K $1.01 Direct
holding MYPS Stock Options 93.2K May 15, 2024 Class A Common Stock 93.2K $1.44 Direct
holding MYPS Earnout Shares 28K May 15, 2024 Class A Common Stock 28K $0.00 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 February 23, 2022.
F2 Represents shares of 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 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.
F6 On March 11, 2024, the Reporting Person was granted 358,335 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 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.