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Filing Details

Accession Number:: 0001356746-22-000008
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-10-20 19:38:56
Reporting Period:: 2022-10-18

Accepted Time:: 2022-10-20 19:38:56
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1823878	Playstudios Inc.	MYPS	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1356746	Edward Scott Peterson	10150 Covington Cross Drive Las Vegas NV 89144	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Disposition	2022-10-18	1,520	$4.02	148,480	No	4	S	Direct
Class A Common Stock	Disposition	2022-10-19	4,949	$4.00	143,531	No	4	S	Direct
Class A Common Stock	Disposition	2022-10-20	18,274	$4.00	125,257	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	300,428	Indirect	by Scott E Peterson Trust

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Restricted Stock Units	$0.00			300,000	300,000	Direct
Class A Common Stock	Stock Options	$1.44		2029-01-01	67,971	67,971	Direct
Class A Common Stock	Stock Options	$1.01	2021-04-01	2027-04-01	67,974	67,974	Direct
Class A Common Stock	Earnout Shares	$0.00		2026-06-21	12,840	12,840	Direct
Class A Common Stock	Earnout Shares	$0.00		2026-06-21	50,518	50,518	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	300,000	300,000	Direct
2029-01-01	67,971	67,971	Direct
2027-04-01	67,974	67,974	Direct
2026-06-21	12,840	12,840	Direct
2026-06-21	50,518	50,518	Indirect

Footnotes

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.
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.
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.
Restricted stock units convert into shares of Class A Common stock on a one-for-one basis.
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.
The stock options vest in equal monthly amounts over the 48 months of service beginning on January 1, 2019.
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).