Kelly Eric Charles 4
Research Summary
AI-generated summary
EA Chief Accounting Officer Kelly Eric Charles Sells 3,000 Shares
What Happened
Kelly Eric Charles, Chief Accounting Officer of Electronic Arts Inc. (EA), sold 3,000 shares in an open-market transaction on May 28, 2026. The weighted-average sale price was $200.83 per share for total proceeds of $602,496. This was a sale (disposition), which is often routine insider selling and not necessarily a signal about company fundamentals.
Key Details
- Transaction date: 2026-05-28 (reported on Form 4 filed 2026-05-29)
- Transaction type/code: Open market sale (S) — 3,000 shares
- Price: weighted average $200.83; actual sale prices ranged $200.75–$200.95 (see footnote F1)
- Proceeds: $602,496 (calculated from weighted average)
- Shares owned after transaction: Not disclosed in the provided filing
- Footnote: F1 notes the weighted-average price and that EA can provide per-price share counts on request
- Timeliness: Filing appears timely (reported the next day; Form 4 is due within two business days)
Context
Sales by executives can be for many personal reasons (diversification, taxes, liquidity) and are not inherently negative about company prospects. There is no indication in this filing of an option exercise, gift, 10b5‑1 plan, or that the filer is a 10% owner. Retail investors who track insider activity may note the sale but should weigh it alongside other disclosures and company performance.