Form 4: Take-Two Interactive CFO Lainie Goldstein Sells Shares to Cover Tax Obligations

Lainie Goldstein, CFO of Take-Two Interactive, sold 1,152 shares of common stock on September 3, 2024, to cover tax obligations related to the settlement of previously granted restricted units.

Summary

• Lainie Goldstein, the Chief Financial Officer of Take-Two Interactive Software, Inc., sold 1,152 shares of the company's common stock on September 3, 2024.
• The sale was executed at a price of $158.14 per share.
• This transaction was conducted under a pre-arranged Rule 10b5-1 'sell to cover' election to satisfy tax withholding obligations upon the vesting of restricted stock units.
• The sale was not a discretionary trade by Ms. Goldstein.
• Following the transaction, Ms. Goldstein beneficially owns 362,194 shares of Take-Two Interactive common stock.
• This total includes 144,609 shares of common stock, 32,001 unvested time-based restricted stock units, and 185,584 unvested performance-based restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence, particularly to cover tax obligations related to equity compensation. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on insider information.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, as it is a small percentage of the CFO's holdings and was conducted to cover tax obligations.

Key Dates