Agena Joel 4
4 · PLAYSTUDIOS, Inc. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
PLAYSTUDIOS (MYPS) GC Joel Agena Receives 83,334 RSUs; 35,709 Withheld
What Happened
- Joel Agena, General Counsel of PLAYSTUDIOS (MYPS), had 83,334 restricted stock units (RSUs) settle/convert into Class A common stock on May 15, 2026. The RSUs converted at $0.00 per share (no cash purchase price).
- Of the 83,334 shares issued on settlement, 35,709 shares were withheld to satisfy tax withholding obligations at an implied value of $0.49 per share (total withholding ≈ $17,555). The net shares delivered to Agena were 47,625 shares (83,334 − 35,709).
- These were not open‑market sales; the withheld shares represent tax remittance by the company upon net settlement of the RSUs.
Key Details
- Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (filed 4 days after the transaction — appears to be later than the standard two-business-day reporting window).
- Vest/settlement: 83,334 RSUs converted to shares (reported as derivative exercise/conversion, code M); tax withholding reported as disposition, code F.
- Withholding specifics: 35,709 shares withheld @ $0.49 = $17,555 (footnote indicates withholding is not an open‑market sale).
- Net shares delivered to insider: 47,625 (calculated from filing numbers).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Relevant footnotes: F1–F5 describe the RSU grants and vesting schedule (grants dated March 11, 2024 and March 7, 2025); F6 notes separate Performance Stock Units that are contingent on 2026 performance; F7 references earnout share vesting tied to post‑merger price targets.
Context
- This was a routine vesting/settlement of RSUs (conversion of derivative awards), not a market purchase or an open‑market sale. When companies net‑settle RSUs, some shares are withheld to cover taxes — common and not a directional trading signal.
- The filing shows conversion and withholding entries rather than a cashless broker sale. Retail investors should view this as compensation vesting and tax withholding, not active insider selling.
Insider Transaction Report
Form 4
Agena Joel
General Counsel
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-05-15+83,334→ 128,750 total - Tax Payment
Class A Common Stock
[F2]2026-05-15$0.49/sh−35,709$17,555→ 93,041 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-05-15−83,334→ 83,334 totalExercise: $0.00→ Class A Common Stock (83,334 underlying)
Holdings
- 83,333
Restricted Stock Units
[F3][F5]Exercise: $0.00→ Class A Common Stock (83,333 underlying) - 125,000
Performance Stock Units
[F6]Exercise: $0.00→ Class A Common Stock (125,000 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
[F7]Exercise: $0.00Exp: 2026-06-21→ Class A Common Stock (28,040 underlying)
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.
Signature
/s/ Joel Agena|2026-05-19