Agena Joel 4

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.