Form 4: Take-Two Interactive Director LaVerne Evans Srinivasan Acquires Shares Under Director Compensation Program

LaVerne Evans Srinivasan, a director of Take-Two Interactive Software, Inc., acquired 443 shares of common stock on February 14, 2025, as part of the company's director compensation program.

Summary

• On February 14, 2025, LaVerne Evans Srinivasan, a director of Take-Two Interactive Software, Inc., acquired 443 shares of common stock.
• The acquisition was made under the company's director compensation program and the 2017 Stock Incentive Plan.
• The shares were granted as restricted common stock and will vest on the first anniversary of the pricing date.
• The pricing date, as defined in the program, is February 14, 2025, which is the fifth trading day following the filing of the Issuer's Quarterly Report on Form 10-Q.
• 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 the pricing date.
• Following the transaction, Ms. Srinivasan beneficially owns 10,653 shares of Take-Two Interactive Software, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a routine transaction related to director compensation, indicating alignment of interests between the director and shareholders.

Positives

• The acquisition of shares by a director demonstrates alignment with shareholder interests.
• The director compensation program incentivizes directors to contribute to the company's success.

Industry Context

Director share acquisitions are a common practice in publicly traded companies to align the interests of directors with those of shareholders. This transaction is part of Take-Two Interactive's established director compensation program.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders by aligning director interests with company performance.

Key Dates