[Form 4] The Charles Schwab Corporation Insider Trading Activity
Form 4 Overview: Director Anna Massion has reported the automatic disposition of her equity interests in PlayAGS, Inc. ("AGS") that occurred upon the closing of the Brightstar-backed merger on 30 June 2025.
- Securities disposed: 66,003 common shares and 6,544 restricted stock units (RSUs).
- Cash consideration: Each share and RSU equivalent was converted into the right to receive $12.50 in cash, without interest, subject to applicable withholding taxes.
- Mechanism: At the merger鈥檚 effective time, all AGS shares were cancelled and ceased to exist; the RSUs were similarly cancelled in exchange for cash.
- Post-transaction ownership: The reporting person now holds zero AGS equity; ownership had been classified as 鈥淒irect.鈥�
The filing confirms consummation of the Agreement and Plan of Merger dated 8 May 2024 among PlayAGS, Bingo Holdings I, LLC (an affiliate of Brightstar Capital Partners), and Bingo Merger Sub, Inc. The transaction effectively transitions PlayAGS from a public to a private company.
No derivative securities remain, and no additional trades or price variations beyond the fixed $12.50 cash-out value are disclosed.
Panoramica del Modulo 4: La direttrice Anna Massion ha comunicato la cessione automatica delle sue partecipazioni azionarie in PlayAGS, Inc. ("AGS") avvenuta alla chiusura della fusione supportata da Brightstar il 30 giugno 2025.
- Titoli ceduti: 66.003 azioni ordinarie e 6.544 unit脿 azionarie vincolate (RSU).
- Controvalore in denaro: Ogni azione e unit脿 RSU 猫 stata convertita nel diritto a ricevere 12,50 $ in contanti, senza interessi, al netto delle imposte applicabili.
- Meccanismo: Al momento dell鈥檈fficacia della fusione, tutte le azioni AGS sono state cancellate e hanno cessato di esistere; le RSU sono state anch鈥檈sse cancellate in cambio del corrispettivo in denaro.
- Propriet脿 post-transazione: La persona segnalante ora non detiene pi霉 alcuna partecipazione in AGS; la propriet脿 era classificata come 鈥淒iretta.鈥�
Il deposito conferma il completamento dell鈥橝ccordo e Piano di Fusione datato 8 maggio 2024 tra PlayAGS, Bingo Holdings I, LLC (una affiliata di Brightstar Capital Partners) e Bingo Merger Sub, Inc. La transazione ha trasformato PlayAGS da societ脿 pubblica a privata.
Non rimangono titoli derivati e non sono state segnalate altre operazioni o variazioni di prezzo oltre al valore fisso di liquidazione in contanti di 12,50 $.
Resumen del Formulario 4: La directora Anna Massion ha informado sobre la disposici贸n autom谩tica de sus intereses accionarios en PlayAGS, Inc. ("AGS") que ocurri贸 al cierre de la fusi贸n respaldada por Brightstar el 30 de junio de 2025.
- Valores dispuestos: 66,003 acciones comunes y 6,544 unidades restringidas de acciones (RSU).
- Consideraci贸n en efectivo: Cada acci贸n y unidad RSU fue convertida en el derecho a recibir $12.50 en efectivo, sin intereses, sujeto a las retenciones fiscales aplicables.
- Mecanismo: Al momento efectivo de la fusi贸n, todas las acciones de AGS fueron canceladas y dejaron de existir; las RSU fueron canceladas de manera similar a cambio de efectivo.
- Propiedad post-transacci贸n: La persona reportante ahora no posee ninguna participaci贸n en AGS; la propiedad se clasificaba como 鈥淒irecta.鈥�
La presentaci贸n confirma la consumaci贸n del Acuerdo y Plan de Fusi贸n fechado el 8 de mayo de 2024 entre PlayAGS, Bingo Holdings I, LLC (una afiliada de Brightstar Capital Partners) y Bingo Merger Sub, Inc. La transacci贸n convierte efectivamente a PlayAGS de una empresa p煤blica a privada.
No quedan valores derivados y no se revelan operaciones adicionales ni variaciones de precio m谩s all谩 del valor fijo de liquidaci贸n en efectivo de $12.50.
鞏戩嫕 4 臧滌殧: 鞚挫偓鞚� 鞎堧倶 毵れ厴鞚� 2025雲� 6鞗� 30鞚� 敫岆澕鞚错姼鞀ろ儉臧� 歆�鞗愴晿電� 頃╇硲 膦呺 鞁滌爯鞐� 氚滌儩頃� PlayAGS, Inc.("AGS")鞚� 歆�攵� 鞛愲彊 觳橂秳鞚� 氤搓碃頄堨姷雼堧嫟.
- 觳橂秳霅� 歃濌秾: 氤错喌欤� 66,003欤检檧 鞝滍暅 欤检嫕 雼渼(RSU) 6,544臧�.
- 順勱笀 雽�臧�: 臧� 欤检嫕 氚� RSU電� 鞚挫瀽 鞐嗢澊 欤茧嫻 12.50雼煬 順勱笀鞚� 氚涭潉 甓岆Μ搿� 鞝勴櫂霅橃棃鞙茧┌, 甏�霠� 鞗愳矞歆曥垬靹戈皜 鞝侅毄霅╇媹雼�.
- 觳橂Μ 氚╈嫕: 頃╇硲 氚滍毃 鞁滌爯鞐� 氇摖 AGS 欤检嫕鞚� 旆唽霅橃柎 臁挫灛臧� 靻岆└霅橃棃瓿�, RSU霃� 順勱笀鞙茧 甑愴櫂霅橃柎 旆唽霅橃棃鞀惦媹雼�.
- 瓯半灅 頉� 靻岇湢甓�: 氤搓碃鞛愲姅 鞚挫牅 AGS 歆�攵勳潉 鞝勴榾 氤挫湢頃橃 鞎婌溂氅�, 靻岇湢甓岇潃 鈥滌鞝戔�濎溂搿� 攵勲霅橃棃鞀惦媹雼�.
鞚� 鞁犼碃電� 2024雲� 5鞗� 8鞚检瀽 PlayAGS, Bingo Holdings I, LLC(敫岆澕鞚错姼鞀ろ儉 旌愴敿韯� 韺岉姼雱堨姢 瓿勳棿靷�) 氚� Bingo Merger Sub, Inc. 臧勳潣 頃╇硲 瓿勳暯 氚� 瓿勴殟鞚� 鞕勲霅橃棃鞚岇潉 頇曥澑頃╇媹雼�. 鞚� 瓯半灅搿� PlayAGS電� 靸侅灔須岇偓鞐愳劀 牍勳儊鞛ロ殞靷 鞝勴櫂霅橃棃鞀惦媹雼�.
韺岇儩 歃濌秾鞚� 雮晞 鞛堨 鞎婌溂氅�, 瓿犾爼霅� 12.50雼煬 順勱笀 觳偘 臧�旃� 鞕胳棎 於旉皜 瓯半灅雮� 臧�瓴� 氤�霃欖潃 瓿店皽霅橃 鞎婌晿鞀惦媹雼�.
Pr茅sentation du Formulaire 4 : La directrice Anna Massion a d茅clar茅 la cession automatique de ses int茅r锚ts en actions dans PlayAGS, Inc. ("AGS") survenue lors de la cl么ture de la fusion soutenue par Brightstar le 30 juin 2025.
- Titres c茅d茅s : 66 003 actions ordinaires et 6 544 unit茅s d鈥檃ctions restreintes (RSU).
- Contrepartie en esp猫ces : Chaque action et unit茅 RSU a 茅t茅 convertie en droit de recevoir 12,50 $ en esp猫ces, sans int茅r锚ts, sous r茅serve des retenues fiscales applicables.
- M茅canisme : Au moment de l鈥檈ntr茅e en vigueur de la fusion, toutes les actions AGS ont 茅t茅 annul茅es et ont cess茅 d鈥檈xister ; les RSU ont 茅t茅 annul茅es de mani猫re similaire en 茅change d鈥檜ne contrepartie en esp猫ces.
- Propri茅t茅 apr猫s transaction : La personne d茅clarante ne d茅tient d茅sormais aucune participation dans AGS ; la propri茅t茅 茅tait class茅e comme 芦 directe 禄.
Le d茅p么t confirme la r茅alisation de l鈥橝ccord et Plan de Fusion dat茅 du 8 mai 2024 entre PlayAGS, Bingo Holdings I, LLC (une filiale de Brightstar Capital Partners) et Bingo Merger Sub, Inc. La transaction transforme effectivement PlayAGS d鈥檜ne soci茅t茅 publique en soci茅t茅 priv茅e.
Aucun titre d茅riv茅 ne subsiste et aucune transaction suppl茅mentaire ni variation de prix au-del脿 de la valeur fixe de rachat en esp猫ces de 12,50 $ n鈥檈st divulgu茅e.
脺bersicht Formular 4: Direktorin Anna Massion hat die automatische Ver盲u脽erung ihrer Beteiligungen an PlayAGS, Inc. ("AGS") gemeldet, die beim Abschluss der von Brightstar unterst眉tzten Fusion am 30. Juni 2025 erfolgte.
- Ver盲u脽erte Wertpapiere: 66.003 Stammaktien und 6.544 Restricted Stock Units (RSUs).
- 叠补谤驳别濒诲别苍迟蝉肠丑盲诲颈驳耻苍驳: Jede Aktie und RSU wurde in das Recht umgewandelt, 12,50 $ in bar zu erhalten, ohne Zinsen, vorbehaltlich der anwendbaren Quellensteuern.
- Mechanismus: Zum Zeitpunkt des Wirksamwerdens der Fusion wurden alle AGS-Aktien annulliert und h枚rten auf zu existieren; die RSUs wurden ebenfalls gegen Bargeld eingetauscht und annulliert.
- Eigentum nach der Transaktion: Die meldende Person h盲lt nun keine AGS-Anteile mehr; das Eigentum wurde als 鈥濪irekt鈥� klassifiziert.
Die Meldung best盲tigt den Vollzug des Fusionsvertrags vom 8. Mai 2024 zwischen PlayAGS, Bingo Holdings I, LLC (eine Tochtergesellschaft von Brightstar Capital Partners) und Bingo Merger Sub, Inc. Die Transaktion wandelt PlayAGS effektiv von einem b枚rsennotierten in ein privates Unternehmen um.
Es verbleiben keine derivativen Wertpapiere, und es werden keine weiteren Transaktionen oder Preis盲nderungen 眉ber den festen Barwert von 12,50 $ hinaus angegeben.
- Merger consummation provides a definitive $12.50 cash payout to shareholders, eliminating deal-completion risk and confirming successful close.
- None.
Insights
TL;DR: Filing confirms Brightstar deal closed; insider equity cancelled for $12.50 cash鈥攔emoves deal risk, shareholders fully cashed out.
The Form 4 verifies that the long-pending take-private transaction has been executed. All 66,003 common shares and 6,544 RSUs held by Director Anna Massion were automatically converted into a $12.50 cash payment, evidencing final settlement terms spelled out in the May 2024 merger agreement. For investors, the filing signals that regulatory and closing conditions have been met and that AGS is exiting public markets. Completion of the cash merger eliminates uncertainty around funding, approvals, and closing timing, thus representing a positive outcome relative to deal-completion risk.
TL;DR: Insider鈥檚 entire stake extinguished; disclosure aligns with Section 16 requirements鈥攏o governance red flags evident.
The report fulfills Section 16(a) obligations by documenting the involuntary disposition of equity triggered by the merger. All entries are coded "D" for disposition, with explanatory footnotes that precisely reference the merger agreement. The absence of remaining beneficial ownership, combined with attorney-in-fact certification, indicates proper compliance. From a governance standpoint, the filing is routine yet important, confirming that AGS insiders appropriately disclose final share cancellations during a change-in-control event.
Panoramica del Modulo 4: La direttrice Anna Massion ha comunicato la cessione automatica delle sue partecipazioni azionarie in PlayAGS, Inc. ("AGS") avvenuta alla chiusura della fusione supportata da Brightstar il 30 giugno 2025.
- Titoli ceduti: 66.003 azioni ordinarie e 6.544 unit脿 azionarie vincolate (RSU).
- Controvalore in denaro: Ogni azione e unit脿 RSU 猫 stata convertita nel diritto a ricevere 12,50 $ in contanti, senza interessi, al netto delle imposte applicabili.
- Meccanismo: Al momento dell鈥檈fficacia della fusione, tutte le azioni AGS sono state cancellate e hanno cessato di esistere; le RSU sono state anch鈥檈sse cancellate in cambio del corrispettivo in denaro.
- Propriet脿 post-transazione: La persona segnalante ora non detiene pi霉 alcuna partecipazione in AGS; la propriet脿 era classificata come 鈥淒iretta.鈥�
Il deposito conferma il completamento dell鈥橝ccordo e Piano di Fusione datato 8 maggio 2024 tra PlayAGS, Bingo Holdings I, LLC (una affiliata di Brightstar Capital Partners) e Bingo Merger Sub, Inc. La transazione ha trasformato PlayAGS da societ脿 pubblica a privata.
Non rimangono titoli derivati e non sono state segnalate altre operazioni o variazioni di prezzo oltre al valore fisso di liquidazione in contanti di 12,50 $.
Resumen del Formulario 4: La directora Anna Massion ha informado sobre la disposici贸n autom谩tica de sus intereses accionarios en PlayAGS, Inc. ("AGS") que ocurri贸 al cierre de la fusi贸n respaldada por Brightstar el 30 de junio de 2025.
- Valores dispuestos: 66,003 acciones comunes y 6,544 unidades restringidas de acciones (RSU).
- Consideraci贸n en efectivo: Cada acci贸n y unidad RSU fue convertida en el derecho a recibir $12.50 en efectivo, sin intereses, sujeto a las retenciones fiscales aplicables.
- Mecanismo: Al momento efectivo de la fusi贸n, todas las acciones de AGS fueron canceladas y dejaron de existir; las RSU fueron canceladas de manera similar a cambio de efectivo.
- Propiedad post-transacci贸n: La persona reportante ahora no posee ninguna participaci贸n en AGS; la propiedad se clasificaba como 鈥淒irecta.鈥�
La presentaci贸n confirma la consumaci贸n del Acuerdo y Plan de Fusi贸n fechado el 8 de mayo de 2024 entre PlayAGS, Bingo Holdings I, LLC (una afiliada de Brightstar Capital Partners) y Bingo Merger Sub, Inc. La transacci贸n convierte efectivamente a PlayAGS de una empresa p煤blica a privada.
No quedan valores derivados y no se revelan operaciones adicionales ni variaciones de precio m谩s all谩 del valor fijo de liquidaci贸n en efectivo de $12.50.
鞏戩嫕 4 臧滌殧: 鞚挫偓鞚� 鞎堧倶 毵れ厴鞚� 2025雲� 6鞗� 30鞚� 敫岆澕鞚错姼鞀ろ儉臧� 歆�鞗愴晿電� 頃╇硲 膦呺 鞁滌爯鞐� 氚滌儩頃� PlayAGS, Inc.("AGS")鞚� 歆�攵� 鞛愲彊 觳橂秳鞚� 氤搓碃頄堨姷雼堧嫟.
- 觳橂秳霅� 歃濌秾: 氤错喌欤� 66,003欤检檧 鞝滍暅 欤检嫕 雼渼(RSU) 6,544臧�.
- 順勱笀 雽�臧�: 臧� 欤检嫕 氚� RSU電� 鞚挫瀽 鞐嗢澊 欤茧嫻 12.50雼煬 順勱笀鞚� 氚涭潉 甓岆Μ搿� 鞝勴櫂霅橃棃鞙茧┌, 甏�霠� 鞗愳矞歆曥垬靹戈皜 鞝侅毄霅╇媹雼�.
- 觳橂Μ 氚╈嫕: 頃╇硲 氚滍毃 鞁滌爯鞐� 氇摖 AGS 欤检嫕鞚� 旆唽霅橃柎 臁挫灛臧� 靻岆└霅橃棃瓿�, RSU霃� 順勱笀鞙茧 甑愴櫂霅橃柎 旆唽霅橃棃鞀惦媹雼�.
- 瓯半灅 頉� 靻岇湢甓�: 氤搓碃鞛愲姅 鞚挫牅 AGS 歆�攵勳潉 鞝勴榾 氤挫湢頃橃 鞎婌溂氅�, 靻岇湢甓岇潃 鈥滌鞝戔�濎溂搿� 攵勲霅橃棃鞀惦媹雼�.
鞚� 鞁犼碃電� 2024雲� 5鞗� 8鞚检瀽 PlayAGS, Bingo Holdings I, LLC(敫岆澕鞚错姼鞀ろ儉 旌愴敿韯� 韺岉姼雱堨姢 瓿勳棿靷�) 氚� Bingo Merger Sub, Inc. 臧勳潣 頃╇硲 瓿勳暯 氚� 瓿勴殟鞚� 鞕勲霅橃棃鞚岇潉 頇曥澑頃╇媹雼�. 鞚� 瓯半灅搿� PlayAGS電� 靸侅灔須岇偓鞐愳劀 牍勳儊鞛ロ殞靷 鞝勴櫂霅橃棃鞀惦媹雼�.
韺岇儩 歃濌秾鞚� 雮晞 鞛堨 鞎婌溂氅�, 瓿犾爼霅� 12.50雼煬 順勱笀 觳偘 臧�旃� 鞕胳棎 於旉皜 瓯半灅雮� 臧�瓴� 氤�霃欖潃 瓿店皽霅橃 鞎婌晿鞀惦媹雼�.
Pr茅sentation du Formulaire 4 : La directrice Anna Massion a d茅clar茅 la cession automatique de ses int茅r锚ts en actions dans PlayAGS, Inc. ("AGS") survenue lors de la cl么ture de la fusion soutenue par Brightstar le 30 juin 2025.
- Titres c茅d茅s : 66 003 actions ordinaires et 6 544 unit茅s d鈥檃ctions restreintes (RSU).
- Contrepartie en esp猫ces : Chaque action et unit茅 RSU a 茅t茅 convertie en droit de recevoir 12,50 $ en esp猫ces, sans int茅r锚ts, sous r茅serve des retenues fiscales applicables.
- M茅canisme : Au moment de l鈥檈ntr茅e en vigueur de la fusion, toutes les actions AGS ont 茅t茅 annul茅es et ont cess茅 d鈥檈xister ; les RSU ont 茅t茅 annul茅es de mani猫re similaire en 茅change d鈥檜ne contrepartie en esp猫ces.
- Propri茅t茅 apr猫s transaction : La personne d茅clarante ne d茅tient d茅sormais aucune participation dans AGS ; la propri茅t茅 茅tait class茅e comme 芦 directe 禄.
Le d茅p么t confirme la r茅alisation de l鈥橝ccord et Plan de Fusion dat茅 du 8 mai 2024 entre PlayAGS, Bingo Holdings I, LLC (une filiale de Brightstar Capital Partners) et Bingo Merger Sub, Inc. La transaction transforme effectivement PlayAGS d鈥檜ne soci茅t茅 publique en soci茅t茅 priv茅e.
Aucun titre d茅riv茅 ne subsiste et aucune transaction suppl茅mentaire ni variation de prix au-del脿 de la valeur fixe de rachat en esp猫ces de 12,50 $ n鈥檈st divulgu茅e.
脺bersicht Formular 4: Direktorin Anna Massion hat die automatische Ver盲u脽erung ihrer Beteiligungen an PlayAGS, Inc. ("AGS") gemeldet, die beim Abschluss der von Brightstar unterst眉tzten Fusion am 30. Juni 2025 erfolgte.
- Ver盲u脽erte Wertpapiere: 66.003 Stammaktien und 6.544 Restricted Stock Units (RSUs).
- 叠补谤驳别濒诲别苍迟蝉肠丑盲诲颈驳耻苍驳: Jede Aktie und RSU wurde in das Recht umgewandelt, 12,50 $ in bar zu erhalten, ohne Zinsen, vorbehaltlich der anwendbaren Quellensteuern.
- Mechanismus: Zum Zeitpunkt des Wirksamwerdens der Fusion wurden alle AGS-Aktien annulliert und h枚rten auf zu existieren; die RSUs wurden ebenfalls gegen Bargeld eingetauscht und annulliert.
- Eigentum nach der Transaktion: Die meldende Person h盲lt nun keine AGS-Anteile mehr; das Eigentum wurde als 鈥濪irekt鈥� klassifiziert.
Die Meldung best盲tigt den Vollzug des Fusionsvertrags vom 8. Mai 2024 zwischen PlayAGS, Bingo Holdings I, LLC (eine Tochtergesellschaft von Brightstar Capital Partners) und Bingo Merger Sub, Inc. Die Transaktion wandelt PlayAGS effektiv von einem b枚rsennotierten in ein privates Unternehmen um.
Es verbleiben keine derivativen Wertpapiere, und es werden keine weiteren Transaktionen oder Preis盲nderungen 眉ber den festen Barwert von 12,50 $ hinaus angegeben.
FAQ
When did PlayAGS (AGS) complete its merger with Brightstar affiliates?
How much cash will AGS shareholders receive per share?
How many AGS shares did Director Anna Massion dispose of?
What happened to AGS restricted stock units at the merger鈥檚 effective time?
Does the reporting person retain any AGS equity after the transaction?
