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Filing Details

Accession Number:: 0001356746-24-000007
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-09-18 16:10:24
Reporting Period:: 2024-09-16

Accepted Time:: 2024-09-18 16:10:24
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	Explanation
Class A Common Stock	Disposition	2024-09-16	25,000	$1.58	608,998	No	4	S	Indirect	by Scott E Peterson Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	by Scott E Peterson Trust

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	633,998	Indirect	by Scott E Peterson Trust
Class A Common Stock	33,874	Indirect	By Spouse

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			583,335	583,335	Direct
Class A Common Stock	Performance Stock Units	$0.00			83,333	83,333	Direct
Class A Common Stock	Stock Options	$1.01	2021-04-01	2027-04-01	67,974	67,974	Direct
Class A Common Stock	Stock Options	$1.44	2023-01-01	2029-01-01	67,971	67,971	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
	583,335	583,335	Direct
	83,333	83,333	Direct
2027-04-01	67,974	67,974	Direct
2029-01-01	67,971	67,971	Direct
2026-06-21	12,840	12,840	Direct
2026-06-21	50,518	50,518	Indirect

Footnotes

This transaction was pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2024. This trading plan was previously disclosed in the Issuer's Quarterly Report on Form 10-Q filed on August 6, 2024.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.55 to 1.65, 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.
Reflects shares owned by the reporting person's spouse. The reporting person disclaims beneficial ownership of the shares held by his spouse, and the inclusion of such shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock.
On March 11, 2024, the Reporting Person was granted 766,669 unvested unvested Restricted Stock Units. Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock. The Restricted Stock Units are scheduled to vest as follows, subject in each case to the Reporting Person's continued employment with the Company through the applicable vesting date: 183,334 Restricted Stock Units vesting on May 15, 2024; 250,001 Restricted Stock Units vesting on May 15, 2025; 166,667 Restricted Stock Units vesting on May 15, 2026; and 166,667 Restricted Stock Units vesting on May 15, 2027.
Each Performance Stock Unit represents the contingent right to receive, upon vesting and settlement, up to one share of Class A Common Stock. 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.
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.