Joel Agena - May 15, 2023 Form 4 Insider Report for PLAYSTUDIOS, Inc. (MYPS)

Role
General Counsel
Signature
/s/ Joel Agena
Stock symbol
MYPS
Transactions as of
May 15, 2023
Transactions value $
-$180,705
Form type
4
Date filed
5/17/2023, 04:53 PM
Previous filing
May 17, 2022
Next filing
Jun 14, 2023

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 +100% $0.00 200K May 15, 2023 Direct F1
transaction MYPS Class A Common Stock Tax liability -$181K -42.8K -21.41% $4.22 157K May 15, 2023 Direct F2
holding MYPS Class A Common Stock 100K May 15, 2023 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 -50% $0.00 100K May 15, 2023 Class A Common Stock 100K $0.00 Direct F1, F3
holding MYPS Stock Options 46.6K May 15, 2023 Class A Common Stock 46.6K $0.90 Direct
holding MYPS Stock Options 93.2K May 15, 2023 Class A Common Stock 93.2K $1.44 Direct
holding MYPS Stock Options 93.2K May 15, 2023 Class A Common Stock 93.2K $1.01 Direct
holding MYPS Earnout Shares 28K May 15, 2023 Class A Common Stock 28K $0.00 Direct 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 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.
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, 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)