PLAYSTUDIOS Executive Reduces Holdings Through Planned Stock Sales at $1.43
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PLAYSTUDIOS General Counsel Joel Agena reported multiple insider transactions executed through a pre-planned Rule 10b5-1 trading plan established on March 12, 2025:
- Sold 61,471 shares of Class A Common Stock across three transactions: - June 16: 20,491 shares at $1.43 (weighted average) - June 17: 20,490 shares at $1.41 (weighted average) - June 18: 20,490 shares at $1.42 (weighted average)
- Maintains significant equity position including: - 259,221 shares of direct Class A Common Stock - 291,668 unvested Restricted Stock Units - 125,000 Performance Stock Units (2025 performance-based) - 233,043 Stock Options at various strike prices - 28,040 Earnout Shares (price milestone-based)
Transactions were executed pursuant to a previously disclosed trading plan, suggesting planned portfolio management rather than reactive selling.
Positive
- None.
Negative
- General Counsel Joel Agena sold 61,471 shares over three days through a pre-planned 10b5-1 trading plan at prices between $1.39-$1.48, reducing direct holdings from 320,692 to 259,221 shares
Insider Trade Summary
Net Seller: 61,471 shares ($87,289)
Net Sell
11 txns
Insider
Agena Joel
Role
General Counsel
Sold
61,471 shs ($87K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 20,490 | $1.42 | $29K |
| Sale | Class A Common Stock | 20,490 | $1.41 | $29K |
| Sale | Class A Common Stock | 20,491 | $1.43 | $29K |
| 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 — 259,221 shares (Direct);
Restricted Stock Units — 125,000 shares (Direct);
Performance Stock Units — 125,000 shares (Direct);
Stock Options — 46,609 shares (Direct);
Earnout Shares — 28,040 shares (Direct)
Footnotes (1)
- 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.39 to $1.48 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.39 to $1.44 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.40 to $1.44 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 and settlement, one share of Class A Common Stock. 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. 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. On March 7, 2025, the Reporting Person was granted 125,000 unvested Performance Stock Units. 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. 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
How many Restricted Stock Units (RSUs) does Joel Agena hold in MYPS?
Joel Agena holds two sets of RSUs: 125,000 RSUs granted on March 7, 2025, and 166,668 RSUs granted on March 11, 2024. These RSUs vest in multiple tranches through January 15, 2028, subject to continued employment with the company.
What stock options does Joel Agena currently hold in MYPS?
Joel Agena holds three sets of stock options: 46,609 options at $0.90 (expiring 9/1/2025), 93,217 options at $1.01 (expiring 5/1/2027), and 93,217 options at $1.44 (expiring 1/1/2029).
What are the vesting conditions for MYPS Performance Stock Units held by Joel Agena?
Agena holds 125,000 Performance Stock Units granted on March 7, 2025. These PSUs vest based on achievement of pre-established performance metrics for fiscal year 2025, as determined by the Compensation Committee of the Board of Directors. Each PSU represents the right to receive up to one share of Class A Common Stock upon vesting.