Form 4: Take-Two Interactive Director Michael Sheresky Sells Shares to Cover Tax Obligations

Director Michael Sheresky of Take-Two Interactive Software Inc. sold 173 shares of common stock on March 6, 2025, to satisfy tax obligations related to vesting restricted stock.

Summary

• Michael Sheresky, a director at Take-Two Interactive Software Inc., sold 173 shares of common stock on March 6, 2025.
• The sale was executed at a price of $214.2 per share.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 6, 2024.
• The purpose of the sale was to cover Mr. Sheresky's tax obligations arising from the vesting of previously granted restricted stock.
• Following the transaction, Mr. Sheresky still beneficially owns 64,878 shares of Take-Two Interactive common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transaction is a routine sale of shares under a pre-arranged plan to cover tax obligations. It doesn't indicate any fundamental change in the company's prospects or the director's confidence.

Industry Context

Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any inside information.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, as it is a small transaction by a single director.

Key Dates