Scott Edward Peterson - Oct 18, 2022 Form 4 Insider Report for PLAYSTUDIOS, Inc. (MYPS)

Signature
/s/ Joel Agena, Attorney-in-Fact
Stock symbol
MYPS
Transactions as of
Oct 18, 2022
Transactions value $
-$99,002
Form type
4
Date filed
10/20/2022, 07:38 PM
Previous filing
May 17, 2022
Next filing
Oct 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MYPS Class A Common Stock Sale -$6.11K -1.52K -1.01% $4.02 148K Oct 18, 2022 Direct F1, F2
transaction MYPS Class A Common Stock Sale -$19.8K -4.95K -3.33% $4.00 144K Oct 19, 2022 Direct F1
transaction MYPS Class A Common Stock Sale -$73.1K -18.3K -12.73% $4.00 125K Oct 20, 2022 Direct F1, F3
holding MYPS Class A Common Stock 300K Oct 18, 2022 by Scott E Peterson 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
holding MYPS Restricted Stock Units 300K Oct 18, 2022 Class A Common Stock 300K $0.00 Direct F4, F5
holding MYPS Stock Options 68K Oct 18, 2022 Class A Common Stock 68K $1.44 Direct F6
holding MYPS Stock Options 68K Oct 18, 2022 Class A Common Stock 68K $1.01 Direct
holding MYPS Earnout Shares 12.8K Oct 18, 2022 Class A Common Stock 12.8K $0.00 Direct F7
holding MYPS Earnout Shares 50.5K Oct 18, 2022 Class A Common Stock 50.5K $0.00 by Scott E Peterson Trust F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were automatically effected pursuant to a Rule 10b5-1 trading plan adopted on May 24, 2022 and established by the Reporting Person for the orderly sale of shares to satisfy withholding tax obligations incurred in connection with the vesting and settlement on May 15, 2022 of certain previously reported Restricted Stock Units.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.00 to $4.04, 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.00 to $4.05, 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.
F4 Restricted stock units convert into shares of Class A Common stock on a one-for-one basis.
F5 On February 23, 2022, the reporting person was granted 450,000 restricted stock units, vesting in three equal increments (each annual installment being 33.33% of the grant) with the first annual increment vesting on May 15, 2022, subject in each case to continued employment with the Company through the applicable vesting date.
F6 The stock options vest in equal monthly amounts over the 48 months of service beginning on January 1, 2019.
F7 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 (the earnout consideration will also vest based on the price targets in connection with a sale of the Issuer).

Remarks:

See Exhibit 24.1 - Power of Attorney