Form 4: Take-Two Interactive President Karl Slatoff Donates Shares to Charity

Take-Two Interactive's President, Karl Slatoff, donated 11,237 shares of common stock to a charitable organization on June 4, 2024, at a price of $165.96 per share.

Summary

• On June 4, 2024, Karl Slatoff, President of Take-Two Interactive Software, Inc., donated 11,237 shares of common stock to a 501(c)(3) organization.
• The transaction was executed at a price of $165.96 per share.
• This donation was made under a pre-arranged Rule 10b5-1 trading plan adopted on December 8, 2023.
• Following the transaction, Slatoff directly owns 33,712 shares of Take-Two Interactive.
• Slatoff also has indirect beneficial ownership of 1,423,088 restricted units held by ZMC Advisors, L.P., where he is a partner, but he disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The document reflects a positive action (charitable donation) by a company executive, which is generally viewed favorably. The use of a 10b5-1 plan mitigates any negative perception of insider trading.

Positives

• The donation to a charitable organization reflects positively on Slatoff and potentially on Take-Two Interactive's corporate social responsibility.

Industry Context

Insider transactions, such as charitable donations of stock, are common and closely monitored. The use of a pre-arranged Rule 10b5-1 trading plan is a standard practice to avoid accusations of insider trading.

Comparison to Industry Standards

• Charitable donations of stock are a common practice among executives in publicly traded companies.
• The use of Rule 10b5-1 trading plans is a standard method to execute trades without raising concerns about insider trading, similar to practices at companies like Activision Blizzard and Electronic Arts.

Stakeholder Impact

• The charitable donation may enhance the company's reputation among stakeholders.

Key Dates