secwatch.observer — SEC 8-K summary
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Issuer:     Playtika Holding Corp. (PLTK)
CIK:        0001828016
Form:       8-K
Filed at:   2022-12-19T23:59:59+00:00
Accession:  0001193125-22-307933
Event type: other
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Playtika completes stock option exchange; 84.4% of eligible options surrendered for RSUs
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- Options to purchase 10.9M shares were exchanged for ~4.36M new RSUs at a 2.5:1 ratio.
- Executive officers Abrahams, Kinberg, Aizenberg, Cohen surrendered options; new RSUs vest quarterly over 3 years.
- Option exchange expired Dec. 15, 2022; surrendered options cancelled and replaced under 2020 Incentive Award Plan.
- New RSUs retain same accelerated vesting provisions; Abrahams and Cohen receive 280G gross-up.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828016/000119312522307933/0001193125-22-307933-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828016/000119312522307933/d625769d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-307933

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer