Electronic Arts (EA) Director Heidi Ueberroth Sells/Converts Shares in $210/Share Merger

What Happened

• Heidi Ueberroth, a director of Electronic Arts Inc. (EA), had her EA common shares and restricted stock units (RSUs) cancelled and converted into cash as part of EA's merger closing on August 4, 2026. 12,848 common shares were converted at $210.00 per share for $2,698,080. In addition, 7,821 RSUs/derivative units were converted at the same $210.00 per share rate, equal to $1,642,410. The aggregate cash value received was approximately $4,340,490.
• This was not an open-market sale decision by the director; the dispositions occurred because each share and qualifying RSU was cancelled and converted into merger consideration under the merger agreement.

Key Details

• Transaction date: 2026-08-04. Conversion price: $210.00 per share (per Merger Agreement).
• Reported disposals: 12,848 common shares (cash = $2,698,080) and 4 derivative line items totaling 7,821 RSUs (cash = $1,642,410). Total cash consideration ≈ $4,340,490.
• Shares owned after transaction: The reporting person’s common shares and specified RSUs were cancelled and converted to cash at the Effective Time; check full Form 4 for any remaining holdings.
• Notable footnotes: F1/F2 state these conversions occurred under the Merger Agreement (dated Sept 28, 2025). RSUs (including vested but unsettled awards and director RSUs) were cancelled and converted into cash at $210/share, payable net of applicable withholding taxes.
• Timeliness: Filing reflects the merger Effective Time (2026-08-04) and was reported in the Form 4 for that date (no late filing indicated).

Context

• The derivative disposals are conversions of RSUs into cash under the merger, not option exercises or voluntary sales. Disposition code "D" here reflects surrender/conversion to the issuer for merger consideration.
• These transactions reflect deal consideration (a corporate event) rather than an insider expressing a buy/sell sentiment about EA stock in the public market.