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

Lainie Goldstein, CFO of Take-Two Interactive, sold 829 shares of common stock on March 3, 2025, 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., reported a transaction involving the sale of company stock.
• On March 3, 2025, Goldstein sold 829 shares of common stock at a price of $211.24 per share.
• The sale was executed under a Rule 10b5-1 'sell to cover' election to satisfy tax withholding obligations upon the settlement of previously granted restricted units.
• This transaction was not a discretionary trade by Goldstein.
• Following the reported transaction, Goldstein beneficially owns 310,163 shares of Take-Two Interactive common stock, including unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock sale for tax purposes. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence and are often related to compensation and tax planning. The use of Rule 10b5-1 plans allows insiders to sell shares without being accused of trading on non-public information.

Stakeholder Impact

• The sale of shares by a high-ranking officer could be perceived negatively by some shareholders, although the explanation provided mitigates this concern.

Key Dates