Form 4: Take-Two Interactive President Karl Slatoff Reports Charitable Gift of Shares

Take-Two Interactive's President, Karl Slatoff, reported a charitable gift of 3,479 shares of common stock and disclaims beneficial ownership of 1,146,518 restricted units held by ZMC Advisors, L.P.

Summary

• Karl Slatoff, President of Take-Two Interactive Software, Inc., filed a Form 4 with the SEC.
• The filing reports a transaction on May 20, 2024, where Slatoff made a charitable gift of 3,479 shares of Take-Two common stock.
• The shares were gifted to a 501(c)(3) organization at a price of $150.9 per share.
• This transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 8, 2023.
• Slatoff also disclaims beneficial ownership of 1,146,518 restricted units held directly by ZMC Advisors, L.P., where he is a partner, except to the extent of his pecuniary interest.
• Following the reported transaction, Slatoff directly owns 28,404 shares of Take-Two common stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like Karl Slatoff, transact in their company's stock. These filings provide transparency to the market regarding insider activity.

Key Dates