Form 4: Take-Two Interactive Director Michael Dornemann Acquires 400 Shares of Common Stock

Michael Dornemann, a director of Take-Two Interactive Software, acquired 400 shares of common stock on May 30, 2024, as part of the director compensation program.

Summary

• On May 30, 2024, Michael Dornemann, a director of Take-Two Interactive Software, acquired 400 shares of common stock.
• The acquisition was part of the director compensation program and the Issuer's 2017 Stock Incentive Plan.
• The shares were granted as restricted common stock and vest on the first anniversary of the pricing date.
• The pricing date, as defined in the program, is the fifth trading day following the filing of the Issuer's Annual Report on Form 10-K.
• 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.
• Following the transaction, Dornemann directly owns 20,363 shares of Take-Two Interactive Software.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transaction is part of a standard compensation program, indicating confidence from a director in the company's prospects. There are no negative implications.

Positives

• The acquisition reflects Dornemann's continued investment in Take-Two Interactive Software.
• The director compensation program aligns director interests with shareholder value.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates