Form 4: Take-Two Interactive Chief Legal Officer Sells Shares to Cover Tax Obligations

Daniel P. Emerson, Chief Legal Officer of Take-Two Interactive Software, Inc., sold 790 shares of common stock on September 3, 2024, to cover tax obligations related to the settlement of previously granted restricted units.

Summary

• Daniel P. Emerson, the Chief Legal Officer of Take-Two Interactive Software, Inc., reported a transaction involving the company's common stock.
• On September 3, 2024, Emerson sold 790 shares at a price of $158.14 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.
• Following the transaction, Emerson beneficially owns 154,786 shares, which includes vested shares, unvested time-based restricted stock units, and unvested performance-based restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale for tax purposes, indicating a neutral sentiment.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance or prospects.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the trading activities of company executives.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine sale to cover tax obligations.

Key Dates