Form 4: PLAYSTUDIOS CFO Settles Restricted Stock Units and Transfers Shares
SEC Form 4 Filing
Scott Edward Peterson, CFO of PLAYSTUDIOS, Inc., settled restricted stock units, resulting in the issuance and withholding of Class A Common Stock, and transferred shares to a trust and his spouse.
Summary
- On May 15, 2025, Scott Edward Peterson, the Chief Financial Officer of PLAYSTUDIOS, Inc., engaged in transactions involving Class A Common Stock.
- He settled 83,333 shares from previously awarded restricted stock units (RSUs) granted on March 7, 2025, and 250,001 shares from RSUs granted on March 11, 2024.
- The issuer withheld 131,168 shares to cover income tax obligations related to the RSU settlements at a price of $1.55 per share.
- Peterson transferred 151,624 shares to his trust and 50,542 shares to his spouse, changing the form of ownership from direct to indirect.
- Following these transactions, Peterson directly owns 0 shares and indirectly owns 626,421 shares through his trust and 84,416 shares through his spouse.
- He also holds derivative securities including restricted stock units, performance stock units, stock options, and earnout shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Future Outlook
The vesting of future restricted stock units and performance stock units is contingent upon continued employment and the achievement of certain performance metrics.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the equity-based compensation of key executives.
Comparison to Industry Standards
- Stock-based compensation is a common practice in the tech and gaming industries to align executive interests with shareholder value.
- Vesting schedules and performance-based units are standard mechanisms to incentivize long-term performance.
- Companies like Activision Blizzard, Electronic Arts, and Take-Two Interactive also utilize similar equity compensation plans for their executives.
Related Party Transactions
- The transfer of shares to the Reporting Person's trust and spouse are considered related party transactions and are disclosed.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect changes in the form of ownership of existing shares held by the CFO.
Key Dates
| Date | Description |
|---|---|
| 02/01/2021 | Date of the Agreement and Plan of Merger. |
| 04/01/2021 | Date of Stock Options with an exercise price of $1.01. |
| 01/01/2023 | Date of Stock Options with an exercise price of $1.44. |
| 03/11/2024 | Grant date of 766,669 unvested Restricted Stock Units. |
| 03/07/2025 | Grant date of 333,334 unvested Restricted Stock Units and 250,000 unvested Performance Stock Units. |
| 05/15/2025 | Date of transactions: settlement of RSUs, share withholding for taxes, and share transfers. |
| 06/21/2026 | Date for potential vesting of Earnout Shares. |
| 04/01/2027 | Expiration date of Stock Options with an exercise price of $1.01. |
| 01/15/2028 | Final vesting date for Restricted Stock Units granted on March 7, 2025. |
| 01/01/2029 | Expiration date of Stock Options with an exercise price of $1.44. |
Keywords
PLAYSTUDIOS, Scott Edward Peterson, CFO, Form 4, Restricted Stock Units, Class A Common Stock, Beneficial Ownership, Securities, Insider Trading
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