4//SEC Filing
Akiona Kimo 4
Accession 0001593968-24-000769
CIK 0001593548other
Filed
May 29, 8:00 PM ET
Accepted
May 30, 5:32 PM ET
Size
11.2 KB
Accession
0001593968-24-000769
Insider Transaction Report
Form 4
Akiona Kimo
CFO Chief Acctg Off and Treas
Transactions
- Exercise/Conversion
Phantom Stock Unit
2024-05-28+92,827→ 107,188 total→ Common Stock (92,827 underlying) - Tax Payment
Common Stock
2024-05-28$11.58/sh−21,141$244,813→ 378,800 total - Exercise/Conversion
Common Stock
2024-05-28+92,827→ 382,744 total - Tax Payment
Common Stock
2024-05-28$11.45/sh−36,528$418,246→ 346,216 total
Footnotes (5)
- [F1]Each share of phantom stock was the economic equivalent of one share of PlayAGS, Inc. common stock. The Company settled 100% of these shares of phantom stock for shares of PlayAGS, Inc. common stock.
- [F2]Excluded from the calculation of the amount of beneficially owned securities are 504,714 unvested restricted stock units held by the Reporting Person as of transaction date.
- [F3]Exempt transaction pursuant to Rule 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the vesting of restricted shares, as approved by the Issuer's board of directors in accordance with Rule 16b-3. All of the shares reported as disposed of on this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the settlement of vested restricted shares. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- [F4]Excluded from the calculation of the amount of beneficially owned securities are 450,989 unvested restricted stock units held by the Reporting Person as of transaction date.
- [F5]The Phantom Stock Units vested on the first day that the average closing price per share of the company's common stock for the prior 60 consecutive trading days exceeded $9.06 and after the award's minimum service period requirement had been met.
Documents
Issuer
PlayAGS, Inc.
CIK 0001593548
Entity typeother
Related Parties
1- filerCIK 0001724994
Filing Metadata
- Form type
- 4
- Filed
- May 29, 8:00 PM ET
- Accepted
- May 30, 5:32 PM ET
- Size
- 11.2 KB