4//SEC Filing
PASCAL ANDREW S 4
Accession 0001100555-23-000004
CIK 0001823878other
Filed
Feb 23, 7:00 PM ET
Accepted
Feb 24, 5:52 PM ET
Size
18.2 KB
Accession
0001100555-23-000004
Insider Transaction Report
Form 4
PASCAL ANDREW S
DirectorChairman and CEO10% Owner
Transactions
- Award
Restricted Stock Units
2023-02-22+1,125,000→ 1,125,000 totalExercise: $0.00→ Class A Common Stock (1,125,000 underlying)
Holdings
- 327,469
Class B Common Stock
- 2,913,005(indirect: By Trust)
Class B Common Stock
- 9,419,827(indirect: By LLC)
Class B Common Stock
- 406,300(indirect: By Trust)
Class A Common Stock
- 1,864,324
Stock Options
Exercise: $1.01From: 2021-04-17Exp: 2027-04-17→ Class B Common Stock (1,864,324 underlying) - 416,422(indirect: By Trust)
Earnout Shares
Exercise: $0.00Exp: 2026-06-21→ Class B Common Stock (416,422 underlying) - 2,296,368(indirect: By LLC)
Earnout Shares
Exercise: $0.00Exp: 2026-06-21→ Class B Common Stock (2,296,368 underlying) - 313,322
Earnout Shares
Exercise: $0.00Exp: 2026-06-21→ Class B Common Stock (313,322 underlying)
Footnotes (3)
- [F1]Represents a grant of unvested Restricted Stock Units. Each Restricted Stock Unit represents the contingent right to receive, upon vesting, one share of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of the Issuer. The Restricted Stock Units will vest in three equal annual installments, with one-third vesting on February 15, 2024, one-third vesting on February 15, 2025, and one-third vesting on February 15, 2026, subject in each case to continued employment with the Company through the applicable vesting date.
- [F2]Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock. Upon transfer, each share of Class B Common Stock will convert into a share of Class A Common Stock, subject to certain limited exceptions. The rights of the holders of Class A Common Stock and Class B Common Stock are identical, except with respect to conversion rights (noted above) and voting rights. Each share of Class B Common Stock is entitled to twenty votes per share, whereas each share of Class A Common Stock is entitled to one vote per share.
- [F3]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).
Issuer
PLAYSTUDIOS, Inc.
CIK 0001823878
Entity typeother
Related Parties
1- filerCIK 0001100555
Filing Metadata
- Form type
- 4
- Filed
- Feb 23, 7:00 PM ET
- Accepted
- Feb 24, 5:52 PM ET
- Size
- 18.2 KB