PLAYSTUDIOS (MYPS) GC forfeits 2025 PSUs, receives new 2026 performance grant

Rhea-AI Filing Summary

PLAYSTUDIOS, Inc. General Counsel Joel Agena reported compensation-related equity changes involving Performance Stock Units tied to Class A Common Stock. An earlier award of 125,000 Performance Stock Units for the fiscal year ended December 31, 2025 was forfeited and returned to the issuer after performance goals were not met, so no shares were issued.

On the same date, Agena received a new grant of 125,000 unvested Performance Stock Units that may each convert into up to one share of Class A Common Stock, contingent on achieving pre-established performance metrics for the fiscal year ending December 31, 2026. Following these changes, he continues to hold unvested Restricted Stock Units, stock options with exercise prices of $1.01 and $1.44 per share, Earnout Shares linked to share price targets, and 45,416 shares of Class A Common Stock directly.

Insights

Equity compensation analyst

Routine equity comp reshuffle with forfeited 2025 award and new 2026 PSU grant.

The reporting shows a forfeiture of 125,000 Performance Stock Units tied to 2025 metrics and a matching-size grant of 125,000 new units linked to 2026 performance. This is compensation-driven, not an open-market trade.

The footnotes clarify that the forfeited award produced no shares and that future delivery of shares under the new Performance Stock Units depends on pre-set 2026 metrics determined by the Compensation Committee. Additional unvested Restricted Stock Units, options, Earnout Shares, and 45,416 Class A shares remain outstanding, so the filing mainly updates the structure and timing of equity incentives.

Insider Trade Summary

8 transactions reported

Mixed 8 txns

Insider Agena Joel

Role General Counsel

Type	Security	Shares	Price	Value
Disposition	Performance Stock Units	125,000	$0.00	--
Grant/Award	Performance Stock Units	125,000	$0.00	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Stock Options	--	--	--
holding	Stock Options	--	--	--
holding	Earnout Shares	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Performance Stock Units — 0 shares (Direct); Restricted Stock Units — 166,668 shares (Direct); Stock Options — 93,217 shares (Direct); Earnout Shares — 28,040 shares (Direct); Class A Common Stock — 45,416 shares (Direct)

Footnotes (1)

1. Represents Performance Stock Units granted on March 7, 2025 that were eligible to vest based on achievement of performance conditions for fiscal year ended December 31, 2025. The Compensation Committee of the Company's Board of Directors determined that the applicable performance conditions were not achieved, and the award was forfeited with no shares issued. Represents a grant of unvested Performance Stock Units. Each Performance Stock Unit represents the contingent right to receive, upon vesting and settlement, up to one share of Class A Common Stock. The actual number of shares of Class A Common Stock to be issued upon vesting of such Performance Stock Units will be determined based on, and will be contingent upon, the achievement of certain pre-established performance metrics, as determined by the Compensation Committee of the Company's Board of Directors, for the fiscal year ending December 31, 2026. Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock. On March 11, 2024, the Reporting Person was granted 358,335 unvested Restricted Stock Units. The Restricted Stock Units are scheduled to vest as follows, subject in each case to the Reporting Person's continued employment with the Company through the applicable vesting date: 66,667 Restricted Stock Units vesting on May 15, 2024; 125,000 Restricted Stock Units vesting on May 15, 2025; 83,334 Restricted Stock Units vesting on May 15, 2026; and 83,334 Restricted Stock Units vesting on May 15, 2027. On March 7, 2025, the Reporting Person was granted 166,667 unvested Restricted Stock Units. The Restricted Stock Units are scheduled to vest as follows, subject in each case to the Reporting Person's continued employment with the Company through the applicable vesting date: 41,667 Restricted Stock Units vesting on May 15, 2025; 41,667 Restricted Stock Units vesting on January 15, 2026; 41,667 Restricted Stock Units vesting on January 15, 2027; and 41,666 Restricted Stock Units vesting on January 15, 2028. Payable in two equal tranches if the closing price of the Class A Common Stock exceeds $12.50 and $15.00 per share, respectively, for any 20 trading days within any 30-trading day period commencing on or after the 150th day following the closing (the "Closing") of the business combination pursuant to the Agreement and Plan of Merger, dated as of February 1, 2021, to which the Issuer is a party, and ending no later than the five-year anniversary of the Closing. The Earnout Shares are also subject to potential vesting based on the price targets in connection with a sale of the Issuer.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Agena Joel

(Last) (First) (Middle)

10150 COVINGTON CROSS DRIVE

(Street)

LAS VEGAS NV 89144

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PLAYSTUDIOS, Inc. [ MYPS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock								45,416	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Stock Units	$0(1)	03/12/2026		D			125,000	(1)	(1)	Class A Common Stock	125,000	$0	0	D
Performance Stock Units	$0(2)	03/12/2026		A		125,000		(2)	(2)	Class A Common Stock	125,000(2)	$0	125,000	D
Restricted Stock Units	$0(3)							(4)	(4)	Class A Common Stock	166,668		166,668	D
Restricted Stock Units	$0(3)							(5)	(5)	Class A Common Stock	83,333		83,333	D
Stock Options	$1.01							05/01/2020	05/01/2027	Class A Common Stock	93,217		93,217	D
Stock Options	$1.44							01/01/2023	01/01/2029	Class A Common Stock	93,217		93,217	D
Earnout Shares	$0							(6)	06/21/2026	Class A Common Stock	28,040		28,040	D

Explanation of Responses:

1. Represents Performance Stock Units granted on March 7, 2025 that were eligible to vest based on achievement of performance conditions for fiscal year ended December 31, 2025. The Compensation Committee of the Company's Board of Directors determined that the applicable performance conditions were not achieved, and the award was forfeited with no shares issued.

2. Represents a grant of unvested Performance Stock Units. Each Performance Stock Unit represents the contingent right to receive, upon vesting and settlement, up to one share of Class A Common Stock. The actual number of shares of Class A Common Stock to be issued upon vesting of such Performance Stock Units will be determined based on, and will be contingent upon, the achievement of certain pre-established performance metrics, as determined by the Compensation Committee of the Company's Board of Directors, for the fiscal year ending December 31, 2026.

3. Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock.

4. On March 11, 2024, the Reporting Person was granted 358,335 unvested Restricted Stock Units. The Restricted Stock Units are scheduled to vest as follows, subject in each case to the Reporting Person's continued employment with the Company through the applicable vesting date: 66,667 Restricted Stock Units vesting on May 15, 2024; 125,000 Restricted Stock Units vesting on May 15, 2025; 83,334 Restricted Stock Units vesting on May 15, 2026; and 83,334 Restricted Stock Units vesting on May 15, 2027.

5. On March 7, 2025, the Reporting Person was granted 166,667 unvested Restricted Stock Units. The Restricted Stock Units are scheduled to vest as follows, subject in each case to the Reporting Person's continued employment with the Company through the applicable vesting date: 41,667 Restricted Stock Units vesting on May 15, 2025; 41,667 Restricted Stock Units vesting on January 15, 2026; 41,667 Restricted Stock Units vesting on January 15, 2027; and 41,666 Restricted Stock Units vesting on January 15, 2028.

6. Payable in two equal tranches if the closing price of the Class A Common Stock exceeds $12.50 and $15.00 per share, respectively, for any 20 trading days within any 30-trading day period commencing on or after the 150th day following the closing (the "Closing") of the business combination pursuant to the Agreement and Plan of Merger, dated as of February 1, 2021, to which the Issuer is a party, and ending no later than the five-year anniversary of the Closing. The Earnout Shares are also subject to potential vesting based on the price targets in connection with a sale of the Issuer.

Remarks:

	/s/ Joel Agena	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider equity changes did PLAYSTUDIOS (MYPS) report for Joel Agena?

PLAYSTUDIOS reported that General Counsel Joel Agena forfeited 125,000 Performance Stock Units tied to 2025 metrics and received a new grant of 125,000 unvested Performance Stock Units linked to 2026 performance. No open-market share purchases or sales were disclosed.

Why were 125,000 Performance Stock Units forfeited at PLAYSTUDIOS (MYPS)?

The 125,000 Performance Stock Units granted for fiscal 2025 were forfeited because the Compensation Committee determined the applicable performance conditions for the year ended December 31, 2025 were not achieved, so the award was canceled and no shares of Class A Common Stock were issued.

What are the terms of Joel Agena’s new 125,000 Performance Stock Units at MYPS?

The new 125,000 Performance Stock Units represent the right to receive up to one Class A share per unit, contingent on achieving pre-established performance metrics for the fiscal year ending December 31, 2026, as determined by the Compensation Committee of PLAYSTUDIOS’ Board of Directors.

What other equity awards does Joel Agena hold at PLAYSTUDIOS (MYPS)?

Joel Agena holds unvested Restricted Stock Units covering 166,668 and 83,333 underlying shares, stock options over 93,217 shares at $1.01 and 93,217 shares at $1.44 per share, Earnout Shares for 28,040 underlying shares, and 45,416 shares of Class A Common Stock directly.

How do PLAYSTUDIOS Earnout Shares work for Joel Agena?

Agena’s Earnout Shares are payable in two tranches if the Class A Common Stock closing price exceeds $12.50 and $15.00 per share for specified 20-of-30 trading-day periods within five years after the merger closing, or upon certain price-based outcomes in connection with a sale of the company.

Are Joel Agena’s equity changes at MYPS open-market buy or sell signals?

No. The Form 4 reflects a forfeiture of Performance Stock Units and a new Performance Stock Unit grant, both issuer-driven compensation events. There were no open-market purchases or sales of Class A Common Stock reported in this filing by PLAYSTUDIOS’ General Counsel.