[Form 4] PLAYSTUDIOS, Inc. Insider Trading Activity
Scott Edward Peterson, Chief Financial Officer of PLAYSTUDIOS, Inc. (MYPS), reported a sale of 25,000 shares of Class A Common Stock on 09/10/2025 under a Rule 10b5-1 trading plan adopted August 29, 2024, at a weighted average price of approximately $0.95 per share. After the sale he beneficially owns 551,421 shares directly or indirectly through the Scott E Peterson Trust, plus 84,416 shares held by his spouse (which he disclaims beneficial ownership of). The filing lists extensive equity awards: restricted stock units totaling at least 583,335 currently reported as vested/vesting schedules from grants on March 11, 2024 and March 7, 2025, performance stock units of 250,000, stock options totaling 135,945 with exercise prices of $1.01 and $1.44, and additional earnout shares tied to price/transaction conditions. The 10b5-1 plan was set to allow sales up to 134,201 shares and terminate on September 12, 2025.
- Sale executed under a Rule 10b5-1 plan, indicating pre-established trading instructions and reduced potential for timing concerns.
- Substantial remaining equity stakes and awards (551,421 shares beneficially owned plus large RSU/PSU grants) align CFO incentives with shareholder outcomes.
- Detailed vesting schedules and performance conditions disclosed, providing transparency on potential future share issuance timing and contingencies.
- Significant unvested equity awards reported (multiple RSU and PSU tranches and options), which may lead to future share issuance upon vesting or exercise.
- Earnout shares contingent on stock-price hurdles could dilute existing shareholders if triggers are met.
Insights
TL;DR: Insider sold a small portion of holdings under a preset 10b5-1 plan; sizable unvested equity awards remain.
The filing documents a routine sale of 25,000 Class A shares by the CFO under a Rule 10b5-1 plan, producing a weighted average sale price near $0.95 per share. Post-transaction, the reporting person retains substantial direct and indirect holdings (551,421 shares plus spouse-held shares). Material compensation-related holdings are disclosed: multiple tranches of restricted stock units (including 250,001 RSUs vesting May 15, 2025 and 333,334 RSUs granted March 7, 2025), 250,000 performance stock units contingent on achievement of 2025 metrics, and stock options exercisable through 2029. For investors, these disclosures clarify potential future share issuance upon vesting or exercise and confirm the sale occurred under an established trading plan rather than ad hoc timing.
TL;DR: The filing shows standard executive compensation packages and a pre-established insider sale; vesting and performance conditions are explicit.
The report itemizes multi-year compensation: a large 2024 RSU grant (766,669 RSUs with staged vesting through 2027) and additional 2025 grants (333,334 RSUs and 250,000 PSUs) with specific vesting schedules and performance contingencies tied to fiscal 2025 metrics. Earnout shares are tied to post-close stock-price hurdles and potential sale conditions. Such structured grants align executive incentives with multi-year performance targets and include clear contingencies, which is customary for senior executives following a business combination framework referenced in the filing.