Form 4: Take-Two Interactive CEO Strauss Zelnick Reports Share Transactions

Take-Two Interactive's CEO, Strauss Zelnick, reported multiple transactions involving the company's common stock, including sales and acquisitions through various trusts.

Summary

• Strauss Zelnick, CEO of Take-Two Interactive, reported several transactions involving the company's common stock on November 8, 2024.
• These transactions include the acquisition of 12,500 shares by the Zelnick Belzberg Living Trust and another 12,500 shares by the Zelnick Belzberg Charitable Trust.
• Mr. Zelnick also reported the sale of shares held by the Zelnick Belzberg Charitable Trust, with multiple sales at weighted average prices ranging from $174.1425 to $176.5157.
• Additionally, shares were sold from the Wendy Jay Belzberg 2012 Family Trust at weighted average prices ranging from $175.8027 to $176.5361.
• Mr. Zelnick disclaims beneficial ownership of shares held by the Zelnick/Belzberg Living Trust, the Wendy Jay Belzberg 2012 Family Trust, and ZMC Advisors, L.P., except to the extent of his pecuniary interest.
• The total number of shares sold by the Zelnick Belzberg Charitable Trust was 13,000.
• The total number of shares sold by the Wendy Jay Belzberg 2012 Family Trust was 12,500.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment. It is a routine regulatory filing.

Management Comments

• Mr. Zelnick disclaims beneficial ownership of the securities held by the Zelnick/Belzberg Living Trust except to the extent of his pecuniary interest therein.
• Mr. Zelnick disclaims beneficial ownership of the securities held by the Wendy Jay Belzberg 2012 Family Trust except to the extent of his pecuniary interest therein.
• Mr. Zelnick disclaims beneficial ownership of the securities held by ZMC Advisors, L.P. except to the extent of his pecuniary interest therein.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of key executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The transactions reported are typical for executives managing their personal holdings and trusts.
• The weighted average sales prices are within a normal range for daily trading activity of a stock like Take-Two Interactive.

Stakeholder Impact

• The transactions may have a minor impact on the stock price, but are unlikely to cause significant fluctuations.
• The disclosure provides transparency to shareholders regarding insider trading activity.

Key Dates

Keywords

Take-Two Interactive, Strauss Zelnick, stock transactions, Form 4, insider trading, share sales, share acquisitions, Zelnick Belzberg Living Trust, Zelnick Belzberg Charitable Trust, Wendy Jay Belzberg 2012 Family Trust, ZMC Advisors, L.P.