STOCK TITAN

PLAYSTUDIOS Executive Reduces Holdings Through Planned Stock Sales at $1.43

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
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
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Agena Joel

(Last) (First) (Middle)
10150 COVINGTON CROSS DRIVE

(Street)
LAS VEGAS NV 89144

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PLAYSTUDIOS, Inc. [ MYPS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
General Counsel
3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 320,692 D
Class A Common Stock 06/16/2025 S(1) 20,491 D $1.43(2) 300,201 D
Class A Common Stock 06/17/2025 S(1) 20,490 D $1.41(3) 279,711 D
Class A Common Stock 06/18/2025 S(1) 20,490 D $1.42(4) 259,221 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $0(5) (6) (6) Class A Common Stock 125,000 125,000 D
Restricted Stock Units $0(5) (7) (7) Class A Common Stock 166,668 166,668 D
Performance Stock Units $0(8) (8) (8) Class A Common Stock 125,000 125,000 D
Stock Options $0.9 09/01/2018 09/01/2025 Class A Common Stock 46,609 46,609 D
Stock Options $1.01 05/01/2020 05/01/2027 Class A Common Stock 93,217 93,217 D
Stock Options $1.44 01/01/2023 01/01/2029 Class A Common Stock 93,217 93,217 D
Earnout Shares $0 (9) 06/21/2026 Class A Common Stock 28,040 28,040 D
Explanation of Responses:
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.
2. 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.
3. 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.
4. 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.
5. Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock.
6. 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.
7. 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.
8. 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.
9. 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).
Remarks:
/s/ Joel Agena 06/18/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many MYPS shares did General Counsel Joel Agena sell in June 2025?

Joel Agena sold a total of 61,471 shares of MYPS Class A Common Stock across three transactions: 20,491 shares on June 16, 20,490 shares on June 17, and 20,490 shares on June 18, 2025. These sales were made pursuant to a Rule 10b5-1 trading plan adopted on March 12, 2025.

What was the price range of MYPS shares sold by Joel Agena in the June 2025 transactions?

The shares were sold at weighted average prices ranging from $1.41 to $1.43. Specifically: June 16 sales averaged $1.43 (range $1.39-$1.48), June 17 sales averaged $1.41 (range $1.39-$1.44), and June 18 sales averaged $1.42 (range $1.40-$1.44).

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.
Playstudios Inc

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58.97M
88.51M
Electronic Gaming & Multimedia
Services-prepackaged Software
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United States
LAS VEGAS