Form 4: PlayAGS CEO David Lopez Disposes of Shares to Cover Tax Obligations
SEC Form 4
David Lopez, CEO of PlayAGS, Inc., disposed of 18,111 shares of common stock on April 22, 2025, to cover tax obligations related to an exempt transaction.
Summary
- On April 22, 2025, David Lopez, the CEO of PlayAGS, Inc., disposed of 18,111 shares of common stock at a price of $11.95 per share.
- This transaction was exempt under Rule 16b-3(e) and was used to cover the exercise price, federal and state withholding tax obligations, and related administrative fees.
- The shares were withheld by the issuer for payment of these obligations.
- Following the transaction, Lopez beneficially owns 1,502,852 shares, including 1,004,108 shares of common stock and 498,744 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect a change in the company's outlook or performance. It is common for executives to sell shares to cover tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 04/22/2025 | Date of transaction: David Lopez disposed of 18,111 shares of PlayAGS common stock. |
| 04/24/2025 | Date of signature on the Form 4 filing. |
Keywords
PlayAGS, David Lopez, insider trading, Form 4, stock disposal, tax obligations, Rule 16b-3(e), restricted stock units
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