Joel Agena - 07 Mar 2025 Form 4 Insider Report for PLAYSTUDIOS, Inc. (MYPS)

Signature
/s/ Joel Agena
Issuer symbol
MYPS
Transactions as of
07 Mar 2025
Net transactions value
$0
Form type
4
Filing time
11 Mar 2025, 18:23:08 UTC
Previous filing
17 May 2024
Next filing
16 May 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MYPS Class A Common Stock 265,391 07 Mar 2025 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 Award $0 +166,667 $0.000000 166,667 07 Mar 2025 Class A Common Stock 166,667 $0.000000 Direct F1
transaction MYPS Performance Stock Units Award $0 +125,000 $0.000000 125,000 07 Mar 2025 Class A Common Stock 125,000 $0.000000 Direct F2
holding MYPS Restricted Stock Units 291,668 07 Mar 2025 Class A Common Stock 291,668 $0.000000 Direct F3, F4
holding MYPS Stock Options 46,609 07 Mar 2025 Class A Common Stock 46,609 $0.9000 Direct
holding MYPS Stock Options 93,217 07 Mar 2025 Class A Common Stock 93,217 $1.01 Direct
holding MYPS Stock Options 93,217 07 Mar 2025 Class A Common Stock 93,217 $1.44 Direct
holding MYPS Earnout Shares 28,040 07 Mar 2025 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 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: 41,667 Restricted Stock Units vesting on May 15, 2025; 41,667 Restricted Stock Units vesting on January 15, 2026; 41,667 Restricted Stock Units vesting on January 15, 2027; and 41,666 Restricted Stock Units vesting on January 15, 2028.
F2 Represents a grant of unvested Performance Stock Units. 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, 2025.
F3 Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock.
F4 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.
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, 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.