PLAYSTUDIOS (MYPS) CFO reports planned share sales at ~$0.66
Rhea-AI Filing Summary
PLAYSTUDIOS, Inc. (MYPS) chief financial officer Scott E. Peterson reported open-market sales of Class A common stock by the Scott E. Peterson Trust under a pre-arranged Rule 10b5-1 trading plan. The trust sold 30,000 shares on 11/18/2025 at a weighted average price of $0.67 and another 30,000 shares on 11/19/2025 at a weighted average price of $0.65, leaving 395,517 and then 365,517 shares held by the trust after the respective trades.
The trading plan, adopted on August 7, 2025, allows sales of up to 300,428 shares and is scheduled to end on June 24, 2026. Peterson also reports indirect ownership of 84,416 shares held by his spouse and multiple equity awards, including restricted stock units, performance stock units, stock options, and earnout shares tied to future stock price performance targets.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did MYPS disclose in this Form 4?
The filing shows that Scott E. Peterson, CFO of PLAYSTUDIOS (MYPS), reported sales of Class A common stock by the Scott E Peterson Trust. The trust sold 30,000 shares on 11/18/2025 at a weighted average price of $0.67 and 30,000 shares on 11/19/2025 at a weighted average price of $0.65.
How many MYPS shares does the reporting person hold after these transactions?
After the reported sales, the Scott E Peterson Trust holds 365,517 shares of MYPS Class A common stock indirectly. The filing also reports 84,416 shares held by the reporting person’s spouse, which he disclaims as beneficial ownership.
Was the MYPS insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states the transactions were made under a Rule 10b5-1 trading plan adopted by the reporting person on August 7, 2025. The plan provides for the sale of up to 300,428 shares of Class A common stock and is scheduled to terminate on June 24, 2026.
What derivative or equity awards in MYPS does the CFO report owning?
The reporting person lists several derivative holdings, including restricted stock units, performance stock units, stock options with exercise prices such as $1.01 and $1.44, and earnout shares that may vest based on future MYPS share price targets. These awards are settled in Class A common stock, subject to vesting and performance conditions described in the footnotes.
What are the key terms of the MYPS earnout shares mentioned?
The earnout shares become payable in two equal tranches if the closing price of MYPS Class A common stock exceeds $12.50 and $15.00 per share, respectively, for any 20 trading days within any 30-trading day period within a defined window after the business combination closing, and they may also vest upon a qualifying sale of the company.
How do the MYPS performance stock units for the CFO vest?
The filing states that 250,000 performance stock units granted on March 7, 2025 each represent the right to receive up to one share of Class A common stock. The actual shares issued will depend on achievement of pre-established performance metrics for the fiscal year ending December 31, 2025, as determined by the Compensation Committee.