PLAYSTUDIOS (MYPS) General Counsel settles RSUs, with tax withholding and sizable remaining equity
Rhea-AI Filing Summary
PLAYSTUDIOS, Inc. General Counsel Joel Agena reported equity compensation activity involving Class A common stock. On May 15, 2026, he acquired 83,334 shares of Class A common stock through the settlement of vested Restricted Stock Units, with no exercise price.
To cover income tax obligations from this RSU settlement, the company withheld 35,709 shares at an implied value of $0.4916 per share, which was not an open-market sale. Following these transactions, Agena directly holds 93,041 shares of Class A common stock and retains additional unexercised equity awards, including earnout shares and stock options that are exercisable at $1.01 and $1.44 per share, plus unvested Performance Stock Units tied to future performance metrics.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 47,625 shares
Net Buy
8 txns
Insider
Agena Joel
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 83,334 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 83,334 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 35,709 | $0.4916 | $18K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Earnout Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 166,667 shares (Direct);
Class A Common Stock — 93,041 shares (Direct);
Performance Stock Units — 125,000 shares (Direct);
Stock Options — 186,434 shares (Direct);
Earnout Shares — 28,040 shares (Direct)
Footnotes (7)
- F1. Represents shares of Class A common stock issued upon settlement of fully vested Restricted Stock Units awarded to the Reporting Person on March 11, 2024.
- F2. Represents the number of shares of Class A Common Stock that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the net settlement of Restricted Stock Units and does not represent an open market sale.
- F3. Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock.
- F4. On March 11, 2024, the Reporting Person was granted 358,335 unvested Restricted Stock Units. 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.
- F5. On March 7, 2025, the Reporting Person was granted 166,667 unvested Restricted Stock Units. 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.
- F6. Represents 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, 2026.
- F7. 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, to which the Issuer is a party, and ending no later than the five-year anniversary of the Closing. The Earnout Shares are also subject to potential vesting based on the price targets in connection with a sale of the Issuer.
Key Figures
RSU shares settled: 83,334 shares
Shares withheld for tax: 35,709 shares
Withholding reference price: $0.4916 per share
+5 more
8 metrics
RSU shares settled
83,334 shares
Class A common stock issued upon RSU settlement on May 15, 2026
Shares withheld for tax
35,709 shares
Shares withheld to satisfy income tax obligations; not an open-market sale
Withholding reference price
$0.4916 per share
Implied value used for tax withholding on Class A common stock
Common shares held after
128,750 shares
Direct Class A common stock holdings following reported transactions
Earnout underlying shares
28,040 shares
Earnout Shares tied to Class A common stock price targets
Stock options @ $1.44
93,217 underlying shares
Stock options exercisable at $1.44, expiring January 1, 2029
Stock options @ $1.01
93,217 underlying shares
Stock options exercisable at $1.01, expiring May 1, 2027
Unvested Performance Stock Units
125,000 units
PSUs contingent on performance metrics for FY ending December 31, 2026
Key Terms
Restricted Stock Units, Performance Stock Units, Earnout Shares, income tax withholding, +1 more
5 terms
Restricted Stock Units financial
"On March 11, 2024, the Reporting Person was granted 358,335 unvested Restricted Stock Units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Stock Units financial
"Represents unvested Performance Stock Units. Each Performance Stock Unit represents the contingent right to receive shares."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
income tax withholding financial
"Shares have been withheld by the Issuer to satisfy income tax withholding and remittance obligations."
Class A common stock financial
"Represents shares of Class A common stock issued upon settlement of fully vested Restricted Stock Units."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did PLAYSTUDIOS (MYPS) General Counsel Joel Agena report in this Form 4?
Joel Agena reported equity compensation activity involving Class A common stock. He settled vested Restricted Stock Units into 83,334 shares and had a portion of shares withheld to satisfy income tax obligations arising from this settlement, with no open-market stock sale disclosed.
What are the Performance Stock Units disclosed for PLAYSTUDIOS (MYPS) General Counsel?
The filing shows 125,000 unvested Performance Stock Units, each potentially settling into one Class A share. The actual number of shares issued will depend on achieving pre-established performance metrics for the fiscal year ending December 31, 2026, as determined by the Compensation Committee.