Form 4: Take-Two Interactive President Karl Slatoff Sells Shares Under 10b5-1 Trading Plan

Karl Slatoff, President of Take-Two Interactive Software, Inc., sold shares of common stock on February 25, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 25, 2025, Karl Slatoff, the President of Take-Two Interactive Software, Inc., executed multiple sales of the company's common stock.
• These transactions were conducted under a pre-arranged trading plan pursuant to Rule 10b5-1, which was adopted on November 27, 2024.
• The sales were executed at varying prices, with weighted average sales prices ranging from $207.32 to $210.16.
• Mr. Slatoff sold 6,487 shares at a weighted average price of $207.32, 23,327 shares at $208.18, 3,220 shares at $208.92, and 678 shares at $210.16.
• Following these transactions, Mr. Slatoff directly owns 0 shares of Take-Two Interactive Software, Inc.
• Mr. Slatoff also disclaims beneficial ownership of 1,423,088 restricted units held by ZMC Advisors, L.P., except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock sales by an executive. It doesn't inherently convey positive or negative sentiment, as the sales were conducted under a pre-arranged plan.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information. Investors often monitor insider transactions for signals about a company's prospects, but pre-planned sales are generally viewed as less informative.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders, potentially creating downward pressure on the stock price in the short term.
• However, given the pre-planned nature of the sales, the impact is likely to be limited.

Key Dates