PLAYSTUDIOS Inc
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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Jun 30, 2024 · Filed Aug 6, 2024
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Item 5. Other Information
During the fiscal quarter ended June 30, 2024, the following officer of the Company adopted, modified, or terminated a “Rule 10b5-1 trading arrangement” (as defined in Item 408 of Regulation S-K of the Exchange Act):
On June 13, 2024, Scott Peterson, Chief Financial Officer of the Company, adopted a Rule 10b5-1 trading plan providing for the sale of shares of Class A common stock, with the first trade under the plan scheduled to occur on or after September 16, 2024. The trading plan will be effective through March 31, 2025 to sell an aggregate of (i) up to 100,000 shares of Class A common stock, plus (ii) 75% of the shares received (net of tax withholding) upon vesting and settlement of up to 83,333 shares (gross) of Class A common stock underlying certain unvested Performance Stock Units, the vesting of which will be determined based on, and will be contingent upon, the achievement of certain pre-established performance metrics for the fiscal year ending December 31, 2024.
The foregoing Rule 10b5-1 trading arrangement is in accordance with our Statement of Policy Concerning Trading in Company Securities, and any actual sale transactions made pursuant to such trading arrangements will be disclosed publicly in Section 16 filings in accordance with applicable securities laws, rules, and regulations.
No other officers or directors of the Company adopted and/orterminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the fiscal quarter ended June 30, 2024.
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