Form 4: PlayAGS Chief Legal Officer Reports Stock Transaction to Cover Tax Obligations

Robert Barron Ziems, Chief Legal Officer and Secretary of PlayAGS, Inc., reported a transaction involving the disposal of shares to cover tax liabilities associated with vested restricted shares.

Summary

• On March 7, 2024, Robert Barron Ziems, the Chief Legal Officer and Secretary of PlayAGS, Inc., engaged in a transaction involving common stock.
• Ziems disposed of 11,914 shares of common stock at a price of $9.13 per share to cover tax obligations.
• This transaction was exempt under Rule 16b-3(e), relating to the payment of tax liability by delivering or withholding securities incident to the vesting of restricted shares.
• Following the transaction, Ziems beneficially owns 16,617 shares of PlayAGS, Inc.
• The shares were relinquished by Ziems and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the settlement of vested restricted shares.
• Ziems did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding an insider transaction to cover tax obligations. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the stock transactions of company executives.

Key Dates