Agena Joel 4
4 · PLAYSTUDIOS, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
PLAYSTUDIOS (MYPS) GC Joel Agena Forfeits 125k PSUs, Granted 125k PSUs
What Happened
- Joel Agena, General Counsel of PLAYSTUDIOS (MYPS), reported two derivative transactions on March 12, 2026: a disposition to the issuer of 125,000 performance stock units (PSUs) and a contemporaneous grant/acquisition of 125,000 PSUs. Both transactions are reported at $0.00 per unit (derivative awards), so no cash changed hands.
- The disposition reflects a forfeiture: PSUs granted on March 7, 2025 were eligible to vest based on 2025 performance but were forfeited because the applicable performance conditions were not achieved (see Footnote F1). The new grant represents unvested PSUs contingent on achievement of pre-established performance metrics for fiscal 2026 (see Footnote F2).
Key Details
- Transaction date: March 12, 2026. Report filed March 16, 2026.
- Reported amounts and prices: Disposition (D) 125,000 units @ $0.00 (derivative); Grant (A) 125,000 units @ $0.00 (derivative).
- Shares owned after transaction: Not specified in the provided excerpt—see the Form 4 for total post-transaction holdings.
- Notable footnotes:
- F1: 2025 PSUs forfeited due to unmet performance conditions (no shares issued).
- F2: New PSUs granted; vesting and final share count contingent on 2026 performance metrics.
- Additional footnotes (F3–F6) describe other RSU grants and earnout conditions included in the filing but not directly tied to these two line items.
- Filing timeliness: Form filed Mar 16, 2026 reporting Mar 12, 2026 transactions. No late-filing indicator was provided in the supplied data—check the official Form 4 for timeliness status.
Context
- These were derivative/compensation actions, not open-market buys or sales. The forfeiture (disposition to issuer) is an administrative result of unmet performance conditions, not a cash sale to the market. The new grant is an unvested, performance-based award that may convert to shares only if pre-set targets are met.
- For retail investors: such awards and forfeitures are common in executive compensation and do not necessarily signal buying or selling intent in the market. For complete details (post-transaction holdings, vesting schedules, and filing timeliness), review the full Form 4 filing.
Insider Transaction Report
Form 4
Agena Joel
General Counsel
Transactions
- Disposition to Issuer
Performance Stock Units
[F1]2026-03-12−125,000→ 0 totalExercise: $0.00→ Class A Common Stock (125,000 underlying) - Award
Performance Stock Units
[F2]2026-03-12+125,000→ 125,000 totalExercise: $0.00→ Class A Common Stock (125,000 underlying)
Holdings
- 45,416
Class A Common Stock
- 166,668
Restricted Stock Units
[F3][F4]Exercise: $0.00→ Class A Common Stock (166,668 underlying) - 83,333
Restricted Stock Units
[F3][F5]Exercise: $0.00→ Class A Common Stock (83,333 underlying) - 93,217
Stock Options
Exercise: $1.01From: 2020-05-01Exp: 2027-05-01→ Class A Common Stock (93,217 underlying) - 93,217
Stock Options
Exercise: $1.44From: 2023-01-01Exp: 2029-01-01→ Class A Common Stock (93,217 underlying) - 28,040
Earnout Shares
[F6]Exercise: $0.00Exp: 2026-06-21→ Class A Common Stock (28,040 underlying)
Footnotes (6)
- [F1]Represents Performance Stock Units granted on March 7, 2025 that were eligible to vest based on achievement of performance conditions for fiscal year ended December 31, 2025. The Compensation Committee of the Company's Board of Directors determined that the applicable performance conditions were not achieved, and the award was forfeited with no shares issued.
- [F2]Represents a grant of 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.
- [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]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.
Signature
/s/ Joel Agena|2026-03-16