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

Take-Two Interactive's Chief Financial Officer, Lainie Goldstein, sold 1,131 shares of common stock to cover tax obligations related to previously granted restricted stock units.

Summary

• Lainie Goldstein, the Chief Financial Officer of Take-Two Interactive, sold 1,131 shares of common stock on December 2, 2024.
• The sale was executed at a price of $187.64 per share.
• This transaction was conducted under a Rule 10b5-1 'sell to cover' plan to satisfy tax withholding obligations from the settlement of previously granted restricted stock units.
• The sale was not a discretionary trade by Ms. Goldstein.
• Following the transaction, Ms. Goldstein beneficially owns 310,992 shares of Take-Two Interactive common stock.
• This total includes 95,441 shares of common stock, 29,967 unvested time-based restricted stock units, and 185,584 unvested performance-based restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation, and is not indicative of any change in the company's performance or outlook.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are common across the industry, particularly after vesting of restricted stock units.
• Many companies in the technology and gaming sectors use similar compensation structures, leading to similar transactions by executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

Take-Two Interactive, TTWO, Lainie Goldstein, CFO, stock sale, Form 4, Rule 10b5-1, restricted stock units, tax obligations