Electronic Arts (EA) EVP Jacob J. Schatz Sells Shares in Merger

What Happened
Jacob J. Schatz, EVP, Global Affairs and Chief Legal Officer of Electronic Arts, reported dispositions on 2026-08-04 in connection with EA’s merger with Oak‑Eagle. 42,287 common shares were cancelled and converted into $210.00 per-share cash consideration (realizing $8,880,270). In addition, multiple unvested restricted stock units (RSUs) and performance-based RSUs totaling 126,588 underlying shares were cancelled and converted into restricted cash awards (reported as derivative dispositions with N/A price/amounts in the filing).

Key Details

• Transaction date: 2026-08-04 (effective time of the Merger). Price for common shares: $210.00 per share.
• Reported outright common-stock disposition: 42,287 shares for $8,880,270. Reported derivative dispositions (RSUs/performance awards): 7,271; 13,236; 40,924; 32,066; and 33,091 shares (total 126,588 shares) converted to restricted cash (amounts shown as N/A in the Form 4).
• Approximate gross value: 42,287 + 126,588 = 168,875 shares × $210 ≈ $35.46 million before tax/withholding (the filing does not state cash amounts for the derivative items).
• Shares owned after transaction: common shares were cancelled at the Effective Time; the insider no longer holds the cancelled common shares. Converted RSUs were converted into restricted cash awards (not immediately paid in full).
• Footnotes: F1–F3 explain the transactions resulted from the Merger Agreement—common stock cancelled for $210 cash; unvested RSUs converted into restricted cash awards that generally vest and pay on original schedules; performance RSU payouts calculated using target or actual performance per agreement.
• Filing timeliness: Reported on 2026-08-04, the same date as the transaction (no late filing indicated).

Context
These were not open‑market sales or exercises but merger-driven conversions: common shares were cashed out at the merger consideration; unvested and performance awards were converted into restricted cash awards that remain subject to vesting schedules and withholding. Such merger conversions are routine corporate-transaction mechanics and do not necessarily reflect the insider’s trading sentiment.