Scott Edward Peterson - May 15, 2023 Form 4 Insider Report for PLAYSTUDIOS, Inc. (MYPS)

Role
Chief Financial Officer
Signature
/s/ Joel Agena, Attorney-in-Fact
Stock symbol
MYPS
Transactions as of
May 15, 2023
Transactions value $
-$249,086
Form type
4
Date filed
5/17/2023, 04:52 PM
Previous filing
May 12, 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 +150K +300% $0.00 200K May 15, 2023 Direct F1
transaction MYPS Class A Common Stock Tax liability -$249K -59K -29.51% $4.22 141K May 15, 2023 Direct F2
holding MYPS Class A Common Stock 300K May 15, 2023 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
transaction MYPS Restricted Stock Units Options Exercise $0 -150K -50% $0.00 150K May 15, 2023 Class A Common Stock 150K $0.00 Direct F1, F3
holding MYPS Stock Options 68K May 15, 2023 Class A Common Stock 68K $1.44 Direct
holding MYPS Stock Options 68K May 15, 2023 Class A Common Stock 68K $1.01 Direct
holding MYPS Earnout Shares 12.8K May 15, 2023 Class A Common Stock 12.8K $0.00 Direct F4
holding MYPS Earnout Shares 50.5K May 15, 2023 Class A Common Stock 50.5K $0.00 by Scott E Peterson Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 23, 2022, the Reporting Person was granted 450,000 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.
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 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 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