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EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN
 9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN
Overview of Stock Incentive Plan

On May 26, 2020, the Board of Directors of the Company approved the Playtika Holding Corp. 2020 Incentive Award Plan (the “Plan”).

As of September 30, 2026, a total of 71,138,821 shares of the Company’s common stock had been allocated to awards granted under the Plan and 9,062,597 shares remained available for future grants.

Stock repurchase program

On May 9, 2024, the Company announced that its Board of Directors authorized a stock repurchase program for up to $150 million of the Company’s common stock. Under the repurchase program, repurchases can be made using a variety of
methods, which may include open market purchases, privately negotiated transactions or otherwise. The specific timing, price and size of purchases will depend on prevailing stock prices, general economic and market conditions, and other considerations. The repurchase program does not obligate the Company to acquire any particular amount of common stock, and may be suspended or discontinued at any time at the Company’s discretion. There were no shares of common stock repurchased and retired during the three and nine months ended September 30, 2026. As of September 30, 2026, $129.0 million remains available under the Company’s stock repurchase program.

Stock options

The following table summarizes the Company’s stock option activity during the nine months ended September 30, 2026:

StockWeightedWeighted
OptionsAverageAverageIntrinsic
OutstandingRemainingExerciseValue
(in millions)Term (in years)Price(in millions)
Outstanding at January 1, 2026
1.1 5.7$17.16 $— 
Granted— $— 
Exercised— 
Forfeited(0.3)$17.43 
Expired— $— 
Outstanding at September 30, 2026
0.8 5.0$17.08 $— 
Exercisable at September 30, 2026
0.8 5.0$17.23 $— 

The Company used the Black-Scholes option pricing model to estimate the grant-date fair value associated with all employee stock options. There were no options granted in the nine months ended September 30, 2026 or 2025.

RSUs

The following table summarizes the Company’s RSU activity during the nine months ended September 30, 2026:
WeightedTotal Fair
AverageValue of
SharesGrant DateShares Vested
(in millions)Fair Value(in millions)
Outstanding at January 1, 2026
18.4 $5.94 
Granted
5.5 $3.89 
Vested
(4.1)$7.01 $12.1 
Forfeited(1.8)$6.67 
Outstanding at September 30, 2026
18.0 $5.00 

The Company used the associated per-share value at the time of grant to determine the compensation cost to be recognized for the RSUs granted during the nine months ended September 30, 2026. For grants of RSUs during periods when the Company expects to pay dividends, including the nine months ended September 30, 2025, the Company estimates the fair
value for compensation cost using the value of its common stock on the date of grant, reduced by the present value of dividends expected to be paid on its shares of common stock prior to vesting.

The table below summarizes the assumptions used for the RSUs granted during the nine months ended September 30, 2025:
Risk-free interest rate
3.62% - 4.22%
Expected dividend yield
5.42% - 10.58%
Expected term in years
2.3 - 3.1

PSUs

On August 4, 2026, the Compensation Committee of the Board of Directors of the Company approved PSU grants to certain employees pursuant to the Plan (the “TSR PSUs”). For each annual performance period consisting of September 1 through August 31, 2027, 2028 and 2029, up to one-third of the TSR PSUs will be eligible to vest based on the Company’s total shareholder return (“TSR”) during the applicable performance periods relative to the three defined achievement levels. If the Company’s TSR results for a performance period are between two achievement levels, the achievement percentage of the TSR PSUs will be determined by linear interpolation between the applicable achievement levels.

The Company uses the Monte Carlo pricing model to estimate the grant-date fair value associated with the TSR PSUs, which is affected by assumptions regarding complex and subjective variables. Any changes in these assumptions may materially affect the estimated fair value of the stock-based award. Fair value of common stock, risk-free interest rate, expected dividend yield and expected term are defined consistent with descriptions above.

The table below summarizes the assumptions used for the TSR PSUs granted during the nine months ended September 30, 2026:
Risk-free interest rate
4.22%
Expected dividend yield
—%
Expected term in years
3.1

The following table summarizes the Company’s PSU activity during the nine months ended September 30, 2026:
WeightedTotal Fair
AverageValue of
Shares(1)
Grant DateShares Vested
(in millions)Fair Value(in millions)
Outstanding at January 1, 2026
10.8 $5.02 
Granted
3.8 $2.19 
Vested
(2.1)$7.14 $7.4 
Forfeited(2.7)$3.92 
Outstanding at September 30, 2026
9.8 $3.76 
________
(1)    The number of PSUs outstanding represent the total number of PSUs granted to each recipient eligible to vest if the Company meets its highest specified performance goals for the applicable period.
Stock-based compensation

The following table summarizes stock-based compensation costs as reported by award type (in millions):
Three months ended
September 30,		Nine months ended
September 30,
2026202520262025
Stock options$0.1 $0.2 $0.2 $0.8 
RSUs10.1 14.8 30.9 43.8 
PSUs(4.2)7.1 1.8 21.0 
Total stock-based compensation costs$6.0 $22.1 $32.9 $65.6 

The following table summarizes stock-based compensation costs, net of amounts capitalized, as reported on the Company’s consolidated statement of comprehensive income (in millions):
Three months ended
September 30,		Nine months ended
September 30,
2026202520262025
Research and development expenses$2.1 $4.1 $6.3 $12.9 
Sales and marketing expenses0.6 1.0 2.0 2.5 
General and administrative expenses3.3 16.7 24.4 49.4 
Total stock-based compensation costs, net of amounts capitalized$6.0 $21.8 $32.7 $64.8 

The Company capitalized stock-based compensation of $0.3 million during the three months ended September 30, 2025, and $0.2 million and $0.8 million during the nine months ended September 30, 2026 and 2025, respectively. There was no capitalized stock-based compensation during the three months ended September 30, 2026.
As of September 30, 2026, the Company’s total unrecognized stock-based compensation expenses related to stock options, RSUs and PSUs was approximately $0.1 million, $81.5 million and $10.2 million, respectively. The expense related to stock options, RSUs and PSUs are expected to be recognized over a weighted average period of 0.4 years, 2.2 years and 1.7 years, respectively.