Filing Details
- Accession Number:
- 0001356746-23-000002
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-05-12 19:15:54
- Reporting Period:
- 2023-05-11
- Accepted Time:
- 2023-05-12 19:15:54
- 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
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Disposition | 2023-05-11 | 25,000 | $4.53 | 50,000 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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
| 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 | 2023-01-01 | 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.44 to $4.64, 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.
- Each Restricted Stock Unit represents the contingent right to receive, upon vesting, one share of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of the Issuer.
- 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.
- 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).
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