Form 4: Take-Two Interactive Executive Sells Shares Under 10b5-1 Plan

Take-Two Interactive Software, Inc. Chief Legal Officer Daniel Emerson sold 4,419 shares of common stock for $230 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Daniel Emerson, Chief Legal Officer at Take-Two Interactive Software, Inc. (TTWO), executed a sale of 4,419 shares of common stock.
• The transaction occurred on June 16, 2026, with shares sold at a price of $230 each.
• This sale was conducted under a Rule 10b5-1 trading plan, which was adopted on March 3, 2026.
• Following the transaction, Emerson beneficially owns 113,988 shares of common stock.
• This total includes 1,040 directly owned shares, 19,736 unvested time-based restricted stock units, and 93,212 unvested performance-based restricted stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was conducted under a pre-established 10b5-1 plan, which is a standard practice for executives.

Negatives

• An executive has sold a portion of their holdings, which could be perceived negatively by the market, although it was executed under a pre-planned trading strategy.

Risks

• The vesting of 113,000+ restricted stock units is contingent on meeting specific time-based and performance-based criteria as outlined in the award agreements.

Future Outlook

The future vesting of 113,000+ restricted stock units is subject to the terms of the applicable award agreements, which include time-based and performance-based conditions.

Industry Context

StockSavvy.ai notes that insider sales under Rule 10b5-1 plans are common for executives to diversify holdings or manage personal finances, and are generally viewed neutrally by the market as they are pre-scheduled and not indicative of a negative view on the company's prospects.

Stakeholder Impact

• Shareholders: The sale by an executive may lead to minor short-term market perception shifts, though the 10b5-1 plan mitigates concerns about insider knowledge.
• Employees: The executive's compensation structure, including unvested RSUs, remains tied to company performance and time-based vesting.
• Management: The transaction reflects standard executive compensation and trading practices.

Next Steps

• Vesting of time-based and performance-based restricted stock units according to award agreements.

Key Dates

Keywords

Take-Two Interactive Software, TTWO, Form 4, Insider Trading, 10b5-1 Plan, Stock Sale, Executive Compensation, Restricted Stock Units, SEC Filing