Electronic Arts President Laura Miele Disposes Shares in $210/Share Merger

What Happened

• Laura Miele, President, Enterprise Development at Electronic Arts (EA), recorded dispositions on Aug 4, 2026 as part of EA’s merger with Oak‑Eagle. At the merger’s effective time each EA common share was cancelled and converted into $210.00 in cash per share.
• The filing shows 71,013 common shares disposed at $210.00 per share for $14,912,730. In addition, 217,969 shares tied to RSUs and performance RSUs were converted (derivative dispositions listed with N/A price) for a total of 288,982 shares converted under the merger—approximately $60.69M in aggregate consideration before applicable tax withholding and any vesting adjustments.

Key Details

• Transaction date: August 4, 2026. Cash consideration: $210.00 per share (Merger Consideration).
• Specifics reported: 71,013 common shares disposed at $210.00 ($14,912,730); 9,695 / 17,648 / 60,309 / 64,134 / 66,183 were derivative (RSU/performance RSU) dispositions shown with N/A because they were converted to cash awards per the merger.
• Shares owned after transaction: Common shares cancelled (effectively 0 common shares remaining); former unvested RSUs converted into restricted cash awards that generally vest and pay on the original RSU schedule (less withholding).
• Footnotes: Merger Agreement dated Sept 28, 2025; unvested RSUs and performance RSUs converted into restricted cash awards equal to $210.00 per share (performance awards measured at max/target or actual as specified). Cash awards are without interest and subject to tax withholding.
• Filing status: Reported on Form 4; no late-filing indication noted in this submission.

Context

• This is a disposition due to a corporate merger, not an open-market sale — shares were cancelled and converted into merger cash consideration. Derivative entries reflect cancellation/conversion of RSUs and performance awards into restricted cash rather than typical option exercises or market trades.
• Such merger-driven conversions are routine in M&A and do not necessarily indicate the insider’s independent view on the company’s future performance.