PLAYSTUDIOS General Counsel Sells 61,470 Shares in Planned Transaction
PLAYSTUDIOS General Counsel Joel Agena reported significant insider trading activity through a pre-planned Rule 10b5-1 trading plan established on March 12, 2025.
Rhea-AI Filing Summary
PLAYSTUDIOS General Counsel Joel Agena reported significant insider trading activity through a pre-planned Rule 10b5-1 trading plan established on March 12, 2025. Over three consecutive days (June 24-26, 2025), Agena sold a total of 61,470 shares of Class A Common Stock at average prices ranging from $1.35 to $1.37 per share.
Following these transactions, Agena's direct holdings include:
- 156,771 shares of Class A Common Stock
- 291,668 Restricted Stock Units (RSUs) with various vesting schedules through 2028
- 125,000 Performance Stock Units (PSUs) tied to 2025 performance metrics
- 233,043 Stock Options at strike prices between $0.90 and $1.44
- 28,040 Earnout Shares subject to stock price targets of $12.50 and $15.00
The sales were executed according to a previously disclosed trading plan, demonstrating planned portfolio management rather than reactive selling.
Positive
- None.
Negative
- General Counsel Joel Agena sold a total of 61,470 shares over three days at prices between $1.33-$1.40, reducing his direct holdings by approximately 28% (from 218,241 to 156,771 shares)
Insider Trade Summary
Net Seller: 61,470 shares
Net Sell
11 txns
Insider
Agena Joel
Role
General Counsel
Sold
61,470 shs ($84K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 20,490 | $1.35 | $28K |
| Sale | Class A Common Stock | 20,490 | $1.37 | $28K |
| Sale | Class A Common Stock | 20,490 | $1.37 | $28K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Earnout Shares | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 375,012 shares (Direct);
Restricted Stock Units — 291,668 contracts (Direct);
Performance Stock Units — 125,000 contracts (Direct);
Stock Options — 233,043 contracts (Direct);
Earnout Shares — 28,040 contracts (Direct)
Footnotes (9)
- F1. This transaction was pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 12, 2025. This trading plan was previously disclosed in the Issuer's Quarterly Report on Form 10-Q filed on May 9, 2025.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.30 to $1.40 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.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.34 to $1.39 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.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.33 to $1.39 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.
- F5. Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock.
- F6. On March 7, 2025, the Reporting Person was granted 166,667 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: 41,667 Restricted Stock Units vesting on May 15, 2025; 41,667 Restricted Stock Units vesting on January 15, 2026; 41,667 Restricted Stock Units vesting on January 15, 2027; and 41,666 Restricted Stock Units vesting on January 15, 2028.
- F7. On March 11, 2024, the Reporting Person was granted 358,335 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: 66,667 Restricted Stock Units vesting on May 15, 2024; 125,000 Restricted Stock Units vesting on May 15, 2025; 83,334 Restricted Stock Units vesting on May 15, 2026; and 83,334 Restricted Stock Units vesting on May 15, 2027.
- F8. 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, 2025.
- F9. 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).
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Were these MYPS insider trades part of a pre-planned trading arrangement?
Yes, these transactions were made pursuant to a Rule 10b5-1 trading plan that Joel Agena adopted on March 12, 2025. This trading plan was previously disclosed in the company's Quarterly Report filed on May 9, 2025.
What are the vesting terms for MYPS RSUs granted to Joel Agena?
Agena has two RSU grants: 166,667 RSUs granted March 7, 2025 vesting from May 2025 to January 2028, and 358,335 RSUs granted March 11, 2024 vesting from May 2024 to May 2027. Both grants vest in tranches subject to continued employment with the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
