James Murren - 08 Jun 2022 Form 4 Insider Report for PLAYSTUDIOS, Inc. (MYPS)

Role
Director
Signature
/s/ Joel Agena, Attorney-in-Fact
Issuer symbol
MYPS
Transactions as of
08 Jun 2022
Net transactions value
$0
Form type
4
Filing time
10 Jun 2022, 18:58:13 UTC
Previous filing
18 Nov 2021
Next filing
22 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MYPS Class A Common Stock Award $0 +25,510 $0.000000 25,510 08 Jun 2022 Direct F1, F2
holding MYPS Class A Common Stock 959,419 08 Jun 2022 by The Murren Family Trust F3
holding MYPS Class A Common Stock 50,000 08 Jun 2022 by J and H Investments 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
holding MYPS Private Placement Warrants 1,018,782 08 Jun 2022 Class A Common Stock 1,018,782 $11.50 by The Murren Family Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of restricted stock units.
F2 Represents shares that will be issued upon the vesting of a grant of restricted stock units, which vests in 12 equal monthly increments commencing one month after the grant date, subject to continued service as a member of the board of directors of the Company.
F3 Includes 238,362 shares of Class A common stock that are unvested and subject to forfeiture if certain vesting conditions are not satisfied. The 238,362 shares of Class A common stock subject to forfeiture do not have any voting rights. The 238,362 shares of Class A common stock will vest 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 October 27, 2021 and ending on June 21, 2026 (the shares will also vest based on the price targets in connection with a sale of the Issuer). If the vesting conditions are not met on on before June 21, 2026 (subject to extension if a definitive agreement for a sale of the Issuer has been entered into prior to June 21, 2026), the shares not then-vested will be forfeited for no consideration.

Remarks:

See Exhibit 24.1 - Power of Attorney