Sec Form 4 Filing - Akiona Kimo @ PlayAGS, Inc. - 2024-01-09

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Akiona Kimo 2. Issuer Name and Ticker or Trading Symbol PlayAGS, Inc. [ AGS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) CFO Chief Acctg Off and Treas (Last) (First) (Middle) 6775 S. EDMOND ST., STE. 300 3. Date of Earliest Transaction (MM/DD/YY) 01/09/2024 (Street) LAS VEGAS, NV89118 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 Common Stock 01/09/2024 M 101,292 A 265,897 ( 2 ) D Common Stock 01/09/2024 F 41,148 D $ 8.11 224,749 ( 2 ) 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 Phantom Stock Units ( 1 ) 01/09/2024 M 81,033 ( 3 ) ( 3 ) Common Stock 81,033 $ 0 220,274 D Phantom Stock Unit ( 1 ) 01/09/2024 M 20,259 ( 4 ) ( 4 ) Common Stock 20,259 $ 0 200,015 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Akiona Kimo 6775 S. EDMOND ST., STE. 300 LAS VEGAS, NV89118 CFO Chief Acctg Off and Treas Signatures /s/Rob Ziems, Attorney in Fact 01/10/2024 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Each share of phantom stock was the economic equivalent of one share of PlayAGS, Inc. common stock. The reporting person settled 100% of these shares of phantom stock for shares of PlayAGS, Inc. common stock. ( 2 )Excluded from the calculation of the amount of beneficially owned securities are 441,776 unvested restricted stock units held by the reporting person as of transaction date. ( 3 )The Phantom Stock Units vested on the first day that the average closing price per share of the company's common stock for the prior 20 consecutive trading days exceeded $6.67 and after the award's minimum service period requirement has been met. ( 4 )The phantom stock units vest ratably in equal annual installments on each of the first four anniversaries following the grant date, subject generally to the participant's continued employment through the vesting date.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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