PLAYSTUDIOS Form 4: Joel Agena's 46,609 options lapsed on 09/01/2025
Rhea-AI Filing Summary
Joel Agena, General Counsel and director of PLAYSTUDIOS, Inc. (MYPS), reported on Form 4 that a batch of stock options expired on 09/01/2025. The expired derivative was 46,609 stock options with an exercise price of $0.90, originally exercisable on 09/01/2018 and set to expire on 09/01/2025. The filing states the options were not exercised prior to expiration, so no shares were acquired or disposed and the Reporting Person holds 0 of those derivative securities following the transaction.
Positive
- No dilution from exercise because the 46,609 options expired without creating new shares
- Clear disclosure of exercise price ($0.90), grant/exercisable date (09/01/2018) and expiration date (09/01/2025)
Negative
- None.
Insights
TL;DR Routine expiration of previously granted options; no shares issued and no cash proceeds to the reporting person.
The Form 4 documents the scheduled expiration of 46,609 options at a $0.90 strike that were not exercised by the reporting person. This is a straightforward administrative disclosure showing the lapse of derivative instruments rather than an active trade. Because no shares were issued, there is no immediate dilution from this event and no change in the reporting persons direct holdings of the underlying class following the expiration.
TL;DR Administrative lapse of options with no transaction-related transfers or exercises.
The filing states that the options expired per schedule and explicitly notes no shares were acquired or disposed. From a governance and disclosure perspective, the Form 4 meets Section 16 reporting requirements by documenting the change in beneficial ownership status tied to option expiration. The disclosure provides clear exercise price, original exercisability date, and expiration date, supporting transparency around insider equity linkages.