Filing Details

Accession Number:
0001356746-22-000010
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-10-21 21:28:48
Reporting Period:
2022-10-21
Accepted Time:
2022-10-21 21:28:48
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 2022-10-21 50,257 $4.00 75,000 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 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
  1. 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.
  2. 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 $4.02, 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.
  3. Restricted stock units convert into shares of Class A Common stock on a one-for-one basis.
  4. 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.
  5. The stock options vest in equal monthly amounts over the 48 months of service beginning on January 1, 2019.
  6. 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).