Form 4: Take-Two Director's Routine Stock Transactions

A Take-Two Interactive Software director reported acquiring restricted stock and selling shares to cover tax obligations.

Summary

• Michael Sheresky, a Director at Take-Two Interactive Software Inc. (TTWO), reported changes in his beneficial ownership.
• On August 14, 2025, Mr. Sheresky acquired 254 shares of common stock at a price of $0, pursuant to a restricted stock grant under the Director compensation program and the Issuer's 2017 Stock Incentive Plan.
• These restricted shares are set to vest on the first anniversary of the Pricing Date (August 14, 2025).
• Following this acquisition, Mr. Sheresky's direct beneficial ownership was 65,194 shares.
• On August 18, 2025, Mr. Sheresky disposed of 198 shares of common stock at a price of $233.47 per share.
• This disposition was effected pursuant to a Rule 10b5-1 trading plan adopted on December 6, 2024, and was specifically to satisfy tax obligations upon the vesting of previously granted restricted stock.
• After the disposition, Mr. Sheresky's direct beneficial ownership stands at 64,996 shares.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive. While there was a sale of shares, it was pre-planned for tax obligations, which is a routine event. The acquisition of new restricted stock as compensation is a positive sign of continued alignment between management and shareholder interests.

Positives

• The acquisition of 254 shares represents compensation to a director, aligning management interests with shareholder value.
• The grant is part of a structured Director compensation program and a pre-existing Stock Incentive Plan, indicating a consistent approach to executive incentives.

Negatives

• The sale of 198 shares, while for tax obligations, reduces the director's direct beneficial ownership by that amount.

Future Outlook

The filing indicates future vesting of restricted stock on the first anniversary of August 14, 2025, which will add to the director's beneficial ownership upon vesting, subject to any subsequent dispositions.

Industry Context

This filing reflects routine insider compensation and tax-related transactions common across publicly traded companies, including those in the interactive entertainment industry. It does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The transactions represent routine insider activity. The grant of restricted stock aligns director incentives with long-term company performance. The sale for tax purposes is a common occurrence and does not necessarily indicate a lack of confidence.
• Employees: No direct impact mentioned.

Next Steps

• The 254 shares of restricted stock granted on August 14, 2025, are expected to vest on the first anniversary of that date.

Key Dates

Keywords

Take-Two Interactive, TTWO, SEC Form 4, Insider Trading, Stock Grant, Restricted Stock, Director Compensation, Rule 10b5-1 Plan, Share Sale, Tax Obligations