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

Michael Sheresky, a Director at Take-Two Interactive Software Inc. (TTWO), sold 200 shares of common stock for $225.53 per share to satisfy tax obligations related to vested restricted stock.

Summary

• Michael Sheresky, a Director of Take-Two Interactive Software Inc. (TTWO), reported a transaction on June 2, 2025.
• He disposed of 200 shares of TTWO common stock at a price of $225.53 per share.
• The sale was conducted pursuant to a Rule 10b5-1 trading plan adopted on December 6, 2024.
• The purpose of the transaction was to satisfy tax obligations arising from the vesting of previously granted restricted stock.
• Following this transaction, Mr. Sheresky beneficially owns 64,940 shares of Take-Two Interactive common stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral. This is a routine insider transaction for tax purposes, pre-planned under a 10b5-1 plan, and does not indicate any specific positive or negative sentiment about the company's prospects.

Positives

• The transaction was pre-planned under a Rule 10b5-1 trading plan, indicating a structured and non-discretionary sale.
• The sale was explicitly for tax obligations, which is a common and routine reason for insider stock disposals.

Negatives

• An insider sale, even for tax purposes, reduces the director's direct ownership in the company, though the amount is relatively small.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted on December 6, 2024 by the Reporting Person and was effected to satisfy the Reporting Person's tax obligations upon the vesting of previously granted shares of restricted stock.

Industry Context

This insider transaction is a routine disclosure and does not provide specific insights into broader industry trends within the interactive entertainment or video game sector. It reflects an individual's financial planning rather than a strategic corporate move.

Stakeholder Impact

• Shareholders: The sale of 200 shares by a director is a very small amount relative to the company's total outstanding shares and is unlikely to have a material impact on the share price or shareholder value. It is a routine tax-related transaction.

Key Dates

Keywords

Take-Two Interactive Software Inc., TTWO, SEC Form 4, Insider Trading, Stock Sale, Michael Sheresky, Director, Rule 10b5-1 Plan, Tax Obligations, Restricted Stock