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

Daniel Emerson, Chief Legal Officer of Take-Two Interactive, sold 577 shares of common stock on March 3, 2025, to cover tax obligations related to the settlement of previously granted restricted units.

Summary

• Daniel Emerson, the Chief Legal Officer of Take-Two Interactive Software, Inc., reported a transaction involving the sale of company stock.
• On March 3, 2025, Emerson sold 577 shares of common stock at a price of $211.24 per share.
• The sale was executed to cover tax withholding obligations arising from the settlement of previously granted restricted stock units.
• Following the transaction, Emerson beneficially owns 148,184 shares of Take-Two Interactive common stock, including unvested restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transaction is a routine sale of shares to cover tax obligations, and there is no indication of any negative or positive implications for the company.

Management Comments

• The sale was effected pursuant to a Rule 10b5-1 'sell to cover' election made by the Reporting Person for the sole purpose to satisfy the Reporting Person's tax withholding obligation upon the settlement of previously granted restricted units.
• This sale does not represent a discretionary trade by the Reporting Person.

Industry Context

Executive stock sales are a common occurrence and are often related to tax obligations or diversification strategies. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on insider information.

Key Dates