Andrew S. Pascal - Feb 19, 2025 Form 4 Insider Report for PLAYSTUDIOS, Inc. (MYPS)

Signature
/s/ Joel Agena, Attorney-in-Fact
Stock symbol
MYPS
Transactions as of
Feb 19, 2025
Transactions value $
-$413,886
Form type
4
Date filed
2/21/2025, 05:56 PM
Previous filing
Mar 13, 2024
Next filing
Mar 11, 2025

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 19, 2025 Direct F1
transaction MYPS Class A Common Stock Options Exercise $0 +208K +55.56% $0.00 583K Feb 19, 2025 Direct F2
transaction MYPS Class A Common Stock Tax liability -$414K -231K -39.64% $1.79 352K Feb 19, 2025 Direct F3
holding MYPS Class A Common Stock 406K Feb 19, 2025 by Pascal Family Trust
holding MYPS Class B Common Stock 2.91M Feb 19, 2025 by Pascal Family Trust F4
holding MYPS Class B Common Stock 9.75M Feb 19, 2025 by DreamStreet Holdings, LLC F4
holding MYPS Class A Common Stock 226K Feb 19, 2025 by DreamStreet Holdings, LLC

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 -50% $0.00 375K Feb 19, 2025 Class A Common Stock 375K $0.00 Direct F5, F6
transaction MYPS Restricted Stock Units Options Exercise $0 -208K -29.41% $0.00 500K Feb 19, 2025 Class A Common Stock 208K $0.00 Direct F5, F7
holding MYPS Performance Stock Units 146K Feb 19, 2025 Class A Common Stock 146K $0.00 Direct F8, F9
holding MYPS Stock Options 1.86M Feb 19, 2025 Class B Common Stock 1.86M $1.01 Direct F4
holding MYPS Earnout Shares 416K Feb 19, 2025 Class B Common Stock 416K $0.00 by Pascal Family Trust F4, F10
holding MYPS Earnout Shares 2.3M Feb 19, 2025 Class B Common Stock 2.3M $0.00 by DreamStreet Holdings, LLC F4, F10
holding MYPS Earnout Shares 313K Feb 19, 2025 Class B Common Stock 313K $0.00 Direct F4, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A common stock issued upon settlement of fully vested Restricted Stock Units awarded to the Reporting Person on February 22, 2023.
F2 Represents shares of Class A Common Stock issued upon settlement of fully vested Restricted Stock Units awarded to the Reporting Person on March 11, 2024.
F3 Represents the number of shares of Class A Common Stock 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 an open market sale.
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 of the Issuer. 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 Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock.
F6 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 vesting 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.
F7 On March 11, 2024, the Reporting Person was granted 708,335 Restricted Stock Units, which vest as follows, subject in each case to the Reporting Person's continued employment with the Company through the applicable vesting date: 208,334 Restricted Stock Units vesting on February 15, 2025; 208,334 Restricted Stock Units vesting on February 15, 2026; and 291,667 Restricted Stock Units vesting on February 15, 2027.
F8 Each Performance Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock.
F9 On March 11, 2024, the Reporting Person was granted 145,833 Performance Stock Units. 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, 2024.
F10 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.