Form 4: Electronic Arts Executive Sells Shares Under Pre-Arranged Trading Plan

An Electronic Arts executive, Jacob J. Schatz, sold a total of 1,500 shares of common stock on December 16, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Jacob J. Schatz, an EVP at Electronic Arts, sold 1,100 shares of common stock at a weighted average price of $156.1245 per share on December 16, 2024.
• He also sold an additional 400 shares of common stock at a weighted average price of $156.68 per share on the same day.
• These sales were executed under a pre-established 10b5-1 trading plan created on May 29, 2024.
• Following these transactions, Mr. Schatz beneficially owns 24,886 shares of Electronic Arts common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

Executive stock sales are a common occurrence and are often part of pre-arranged trading plans to avoid any appearance of insider trading. This transaction is not unusual for a company of this size.

Comparison to Industry Standards

• Many executives at publicly traded companies use 10b5-1 trading plans to manage their stock holdings.
• These plans allow for scheduled sales or purchases of stock, which helps to avoid accusations of insider trading.
• The volume of shares sold by Mr. Schatz is relatively small compared to the total outstanding shares of Electronic Arts, and is not unusual for an executive of his level.

Stakeholder Impact

• The stock sales are unlikely to have a significant impact on shareholders, as they were part of a pre-arranged plan and the volume is relatively small.

Key Dates

Keywords

Electronic Arts, EA, Jacob J. Schatz, stock sale, 10b5-1 trading plan, executive stock, insider trading