Agena Joel 4

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.