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

Take-Two Interactive Software Director Ellen F. Siminoff sold 414 shares of common stock for $246.25 per share, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Ellen F. Siminoff, a Director of Take-Two Interactive Software Inc. (TTWO), reported the sale of common stock.
• A total of 414 shares were sold on September 15, 2025, at a price of $246.25 per share.
• The sales were executed pursuant to Rule 10b5-1 trading plans adopted on March 5, 2025.
• 144 shares were sold by the EFS 2020 Irrevocable Trust, and 270 shares were sold by the D&E Living Trust.
• Following these transactions, Ms. Siminoff's indirect beneficial ownership includes 3,003 shares via the EFS 2020 Irrevocable Trust and 3,888 shares via the D&E Living Trust, plus 7,191 shares held directly, totaling 14,082 shares.

Sentiment

Score: 5

Explanation: The filing reports a routine insider sale under a pre-arranged 10b5-1 plan, which is generally considered neutral as it does not signal new information about the company's prospects.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating it was not based on new, non-public information.

Negatives

• A director selling shares, even under a 10b5-1 plan, reduces their direct equity stake in the company.

Future Outlook

Not applicable. This filing reports past transactions and does not provide forward-looking statements or guidance.

Industry Context

Insider sales under Rule 10b5-1 plans are a common practice among corporate executives and directors for personal financial planning and diversification, allowing them to sell shares without concerns about insider trading allegations.

Related Party Transactions

• The sales were conducted by the EFS 2020 Irrevocable Trust and the D&E Living Trust, both of which are related parties to Ellen F. Siminoff, who serves as trustee or co-trustee.

Stakeholder Impact

• Minimal impact on shareholders, as this is a routine, pre-scheduled insider transaction and does not reflect a change in company fundamentals or strategy.

Key Dates

Recommendation

The reported sale by a director was executed under a pre-arranged 10b5-1 trading plan, which typically indicates a planned personal financial move rather than a signal about the company's immediate prospects. Therefore, this transaction alone does not provide a strong basis for a change in investment recommendation, and a 'hold' stance is appropriate for investors already holding the stock. For those considering an investment, this filing offers no new fundamental insights to drive a buy or sell decision.

Keywords

Take-Two Interactive Software, TTWO, Ellen F. Siminoff, Form 4, Insider Trading, Stock Sale, 10b5-1 Plan, Director, Equity Transaction