Andrew S. Pascal - Feb 15, 2024 Form 4 Insider Report for PLAYSTUDIOS, Inc. (MYPS)

Signature
/s/ Joel Agena, Attorney-in-Fact
Stock symbol
MYPS
Transactions as of
Feb 15, 2024
Transactions value $
-$353,737
Form type
4
Date filed
2/20/2024, 05:08 PM
Previous filing
Feb 24, 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 Options Exercise $0 +375K $0.00 375K Feb 15, 2024 Direct F1
transaction MYPS Class A Common Stock Tax liability -$354K -149K -39.63% $2.38 226K Feb 15, 2024 Direct F2
holding MYPS Class B Common Stock 327K Feb 15, 2024 Direct
holding MYPS Class B Common Stock 2.91M Feb 15, 2024 by Pascal Family Trust
holding MYPS Class B Common Stock 9.42M Feb 15, 2024 by DreamStreet Holdings, LLC
holding MYPS Class A Common Stock 406K Feb 15, 2024 by Pascal Family Trust

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 -375K -33.33% $0.00 750K Feb 15, 2024 Class A Common Stock 375K $0.00 Direct F1, F3
holding MYPS Stock Options 1.86M Feb 15, 2024 Class B Common Stock 1.86M $1.01 Direct F4
holding MYPS Earnout Shares 416K Feb 15, 2024 Class B Common Stock 416K $0.00 by Pascal Family Trust F4, F5
holding MYPS Earnout Shares 2.3M Feb 15, 2024 Class B Common Stock 2.3M $0.00 by DreamStreet Holdings, LLC F4, F5
holding MYPS Earnout Shares 313K Feb 15, 2024 Class B Common Stock 313K $0.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 22, 2023, the Reporting Person was granted 1,125,000 unvested Restricted Stock Units, which vest in three equal installments, with one-third vested on February 15, 2024, one-third vesting on February 15, 2025, and one-third vesting on February 15, 2026, subject in each case to continued employment with the Company through the applicable vesting date.
F2 Represents the number of shares of Class A common stock, $0.0001 par value per share ("Class A Common Stock"), of the Issuer 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 a sale.
F3 Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock.
F4 Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock. Upon transfer, each share of Class B Common Stock will convert into a share of Class A Common Stock, subject to certain limited exceptions. The rights of the holders of Class A Common Stock and Class B Common Stock are identical, except with respect to conversion rights (noted above) and voting rights. Each share of Class B Common Stock is entitled to twenty votes per share, whereas each share of Class A Common Stock is entitled to one vote per share.
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. Earnout Shares are also subject to potential vesting in connection with a sale of the Issuer.