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PLAYSTUDIOS, Inc.·4

Mar 16, 6:05 PM ET

PASCAL ANDREW S 4

4 · PLAYSTUDIOS, Inc. · Filed Mar 16, 2026

Research Summary

AI-generated summary of this filing

Updated

PLAYSTUDIOS (MYPS) 10% Owner Pascal Andrew S Receives 625,000 Performance Units

What Happened

  • Pascal Andrew S (a 10% owner; manager of DreamStreet Holdings, LLC and trustee of the Pascal Family Trust) recorded a disposition to the issuer of 625,000 derivative shares and a contemporaneous grant/acquisition of 625,000 derivative awards on March 12, 2026. Both transactions are reported at $0.00 (no cash proceeds).
  • This is not an open-market sale or purchase — it reflects a cancellation/transfer back to the company and issuance of unvested performance stock units (derivative awards), not a cash transaction.

Key Details

  • Transaction date: March 12, 2026; Filing date: March 16, 2026 (no late-filing flag indicated).
  • Price: $0.00 for both the disposition and the grant; Total cash value reported = $0.
  • Shares owned after transaction: Not specified in the provided filing.
  • Notable footnotes:
    • F1: Reporting person acts as manager/trustee for related entities.
    • F4: The acquired awards are unvested Performance Stock Units that, if they vest, will convert into up to one share of Class A common stock each and are contingent on pre-established performance metrics for fiscal 2026.
    • F3: A prior 2025 performance award was forfeited (per filing footnote).
    • F2: Class B common stock (where applicable) converts to Class A and carries enhanced voting rights; the awards settle in Class A shares upon vesting.

Context

  • These are derivative awards (performance stock units) contingent on future performance and vesting; they do not represent an immediate sale or market-direction trade. For retail investors, such grants indicate compensation/accounting adjustments rather than an insider buying or cashing out. As a 10% owner and related-party manager/trustee, this is institutional insider activity rather than a routine executive open-market trade.

Insider Transaction Report

Form 4
Period: 2026-03-12
PLAYSTUDIOS, Inc.MYPS
PASCAL ANDREW S
DirectorChairman and CEO10% Owner
Transactions
  • Disposition to Issuer

    Performance Stock Units

    [F3]
    2026-03-12−625,000→ 0 total
    Exercise: $0.00→ Class A Common Stock (625,000 underlying)
  • Award

    Performance Stock Units

    [F4]
    2026-03-12+625,000→ 625,000 total
    Exercise: $0.00→ Class A Common Stock (625,000 underlying)
Holdings

  • Class A Common Stock

    (indirect: By Trust)
    1,130,938

  • Class A Common Stock

    [F1]
    (indirect: By LLC)
    226,371

  • Class B Common Stock

    [F2][F1]
    (indirect: By Trust)
    2,913,005

  • Class B Common Stock

    [F2][F1]
    (indirect: By LLC)
    9,747,296

  • Restricted Stock Units

    [F5][F6]
    Exercise: $0.00→ Class A Common Stock (958,334 underlying)
    958,334

  • Restricted Stock Units

    [F5][F7]
    Exercise: $0.00→ Class A Common Stock (291,667 underlying)
    291,667

  • Stock Options

    [F2]
    Exercise: $1.01From: 2021-04-17Exp: 2027-04-17→ Class B Common Stock (1,864,324 underlying)
    1,864,324

  • Earnout Shares

    [F8][F2]
    (indirect: By Trust)
    Exercise: $0.00Exp: 2026-06-21→ Class B Common Stock (416,422 underlying)
    416,422

  • Earnout Shares

    [F8][F2]
    (indirect: By LLC)
    Exercise: $0.00Exp: 2026-06-21→ Class B Common Stock (2,296,368 underlying)
    2,296,368

  • Earnout Shares

    [F8][F2]
    Exercise: $0.00Exp: 2026-06-21→ Class B Common Stock (313,322 underlying)
    313,322
Footnotes (8)
  • [F1]The Reporting Person is the manager of DreamStreet Holdings, LLC and the trustee of the Pascal Family Trust.
  • [F2]Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock, par value $0.0001 per share, of the Issuer. Upon transfer, each share of Class B Common Stock will convert into a share of Class A Common Stock, subject to certain limited exceptions. The rights of the holders of Class A Common Stock and Class B Common Stock are identical, except with respect to conversion rights and voting rights. Each share of Class B Common Stock is entitled to twenty votes per share, whereas each share of Class A Common Stock is entitled to one vote per share.
  • [F3]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.
  • [F4]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.
  • [F5]Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock.
  • [F6]On March 7, 2025, the Reporting Person was granted 1,000,000 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: 41,666 Restricted Stock Units vesting on January 15, 2026; 333,334 Restricted Stock Units vesting on January 15, 2027; and 625,000 Restricted Stock Units vesting on January 15, 2028.
  • [F7]On March 11, 2024, the Reporting Person was granted 708,335 unvested Restricted Stock Units, which vest as follows, subject in each case to the Reporting Person's continued employment with the Company through the applicable vesting date: 208,334 Restricted Stock Units vesting on February 15, 2025; 208,334 Restricted Stock Units vesting on February 15, 2026; and 291,667 Restricted Stock Units vesting on February 15, 2027.
  • [F8]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.
Signature
/s/ Joel Agena, Attorney-in-Fact|2026-03-16

Documents

1 file
  • 4
    wk-form4_1773698700.xmlPrimary

    FORM 4