Form 4: PLAYSTUDIOS CFO Scott Peterson Reports Stock Transactions
SEC Form 4
Scott Peterson, CFO of PLAYSTUDIOS, reports transactions involving Class A Common Stock, including the vesting and settlement of Restricted Stock Units.
Summary
- Scott Peterson, the Chief Financial Officer of PLAYSTUDIOS, reported several transactions involving the company's Class A Common Stock on May 15, 2024.
- These transactions include the vesting and settlement of Restricted Stock Units (RSUs) awarded in February 2022 and March 2024, resulting in the issuance of 150,000 and 183,334 shares, respectively.
- Shares were also transferred to Peterson's spouse and trust, and shares were withheld by the issuer to satisfy income tax obligations.
- Following these transactions, Peterson directly owns 174,369 shares and indirectly owns 633,998 shares through a trust and 33,874 shares through his spouse.
- Peterson also holds derivative securities including Restricted Stock Units, Performance Stock Units, Stock Options, and Earnout Shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The document outlines the vesting schedule for Restricted Stock Units through May 15, 2027, and potential vesting of Earnout Shares based on stock price targets.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Related Party Transactions
- Shares of Class A Common Stock were transferred to the Reporting Person's spouse.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increase in outstanding shares from the vesting of RSUs.
Key Dates
| Date | Description |
|---|---|
| 02/01/2021 | Date of the Agreement and Plan of Merger |
| 04/01/2021 | Date of Stock Options exercisable at $1.01, expiring on 04/01/2027 |
| 02/23/2022 | Date of grant of 450,000 unvested Restricted Stock Units |
| 01/01/2023 | Date of Stock Options exercisable at $1.44, expiring on 01/01/2029 |
| 03/11/2024 | Date of grant of 766,669 unvested Restricted Stock Units |
| 05/15/2024 | Date of reported transactions |
| 05/17/2024 | Date of signature by Attorney-in-Fact |
| 06/21/2026 | Date related to Earnout Shares |
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