Form 4: Take-Two Interactive Director Ellen F. Siminoff Reports Acquisition of Shares

Director Ellen F. Siminoff reports acquiring 562 shares of Take-Two Interactive common stock on May 30, 2024, through a restricted stock grant and stock in lieu of cash compensation.

Summary

• On May 30, 2024, Ellen F. Siminoff, a director of Take-Two Interactive Software, Inc., acquired 562 shares of common stock.
• This acquisition includes shares from a restricted stock grant under the Director compensation program and the 2017 Stock Incentive Plan.
• 400 shares of restricted stock will vest on the first anniversary of the Pricing Date.
• 162 shares were granted in lieu of cash compensation and were fully vested upon grant.
• The number of shares was determined based on the dollar value of the award and the average closing prices of the common stock over the thirty trading days prior to May 30, 2024.
• Siminoff also holds 3,576 shares indirectly through the D&E Living Trust and 3,720 shares indirectly through the EFS 2020 Irrevocable Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction. The director's acquisition of shares could be seen as a slightly positive signal, but it's primarily a routine disclosure.

Positives

• The acquisition of shares by a director may signal confidence in the company's future performance.
• The grant of restricted stock aligns the director's interests with those of the shareholders.

Industry Context

This filing is a routine disclosure of a director's stock transactions, which is common in publicly traded companies. It provides transparency to investors regarding the ownership stake of company insiders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates