MYPS Form 4: Pascal Reclassifies 352,113 Class A Shares to Trust
Rhea-AI Filing Summary
Pascal Andrew S, Chairman and CEO of PLAYSTUDIOS, Inc. (MYPS), reported a reclassification of his Class A common stock on 08/26/2025. The Form 4 shows 352,113 shares recorded as disposed (direct) and simultaneously 352,113 shares recorded as acquired (indirect), resulting in 758,413 shares beneficially owned indirectly via the Pascal Family Trust. The filing states this transfer changed only the form of ownership from direct to indirect and did not alter the reporting person’s overall beneficial ownership. The Form 4 was signed by Joel Agena, Attorney-in-Fact, on 08/28/2025.
Positive
- Beneficial ownership unchanged: The filing explicitly states the transfer did not affect overall beneficial ownership.
- Transparent disclosure: The reclassification and post-transaction indirect ownership of 758,413 Class A shares are reported.
- Timely filing: Transaction dated 08/26/2025 with Form 4 signed 08/28/2025 by Attorney-in-Fact.
Negative
- None.
Insights
TL;DR: Reporting person moved 352,113 Class A shares into a family trust; beneficial ownership remains unchanged—no change to stake size.
The Form 4 documents a same-day disposition and acquisition of 352,113 Class A shares dated 08/26/2025, producing 758,413 Class A shares held indirectly after the transaction. This is a non-derivative reclassification from direct to indirect ownership via the Pascal Family Trust. There is no change in economic exposure reported or sale proceeds; the filing explicitly says overall beneficial ownership is unaffected. For investors, this is a governance/ownership formality rather than a liquidity or dilution event.
TL;DR: Director/CEO re-titled shares into a family trust; disclosure is timely and clarifies beneficial ownership structure.
The Form 4 identifies Pascal Andrew S as Director, Chairman and CEO, and a 10% owner who reclassified 352,113 Class A shares into the Pascal Family Trust on 08/26/2025. The filing indicates the beneficial ownership position post-transaction is 758,413 shares held indirectly. The statement that the transfer "does not affect the overall beneficial ownership" is explicit, satisfying Section 16 disclosure expectations by reporting the change in form of ownership and the continued beneficial interest.
FAQ
What did Pascal Andrew S report on the Form 4 for MYPS?
Did the Form 4 indicate a sale of shares by the insider (MYPS)?
How many Class A shares does Pascal Andrew S beneficially own after the transaction?
What is the relationship of the reporting person to PLAYSTUDIOS (MYPS)?
Who signed the Form 4 and when?