Electronic Arts (EA) Director Luis Ubinas Cashes Out 51,986 RSUs

What Happened

• Luis A. Ubinas, a director of Electronic Arts Inc. (EA), had a total of 51,986 restricted stock units (RSUs) cancelled and converted into cash on August 4, 2026.
• The cancellations were dispositions to the issuer (transaction code D) in connection with EA’s merger; each RSU was converted into cash equal to $210.00 per share, for a total consideration of approximately $10,917,060 (before any applicable withholding taxes).
• This was not an open‑market sale by the director but a merger-related cash-out of derivative awards.

Key Details

• Transaction date: August 4, 2026. Transaction type: Disposition to issuer (D) — RSU cancellation/settlement.
• Per‑share consideration: $210.00 per RSU; Total consideration: ~$10,917,060.
• Shares disposed: 51,986 RSUs (broken out across multiple cancellations in the filing).
• Shares owned after transaction: not specified in the filing.
• Footnote: Under the Merger Agreement (effective Aug 4, 2026), each vested-but-unsettled RSU and each RSU held by non‑employee directors (vested or unvested) was cancelled and converted into the right to receive cash equal to $210 per share, less applicable withholding taxes.
• Filing timeliness: filing covers the Aug 4, 2026 transaction and was filed with the Form 4 dated Aug 4, 2026; no late filing indicated.

Context

• This is a derivative settlement due to an M&A transaction — common when a company is acquired and equity awards are cashed out. It differs from an open‑market sale and should not be read as an independent buy/sell signal by the director.
• Taxes/withholding apply per the footnote; the filing shows the awards were converted to cash rather than shares being issued or sold on the market.