Emerson Daniel P 4

What Happened
Daniel P. Emerson, Chief Legal Officer of Take-Two Interactive (TTWO), sold a total of 2,508 shares in two open-market transactions: 1,698 shares on 2026-02-26 at $213.62 ($362,727) and 810 shares on 2026-03-02 at $213.47 ($172,911). The combined proceeds were approximately $535,638. These were sales (routine disposition), not purchases.

Key Details

• Transaction dates and prices:
  • 2026-02-26: sold 1,698 shares @ $213.62 — $362,727 (F1)
  • 2026-03-02: sold 810 shares @ $213.47 — $172,911 (F1)
• Total shares sold: 2,508; total value: ~$535,638.
• Shares owned after transaction (per filing footnote): includes 2,120 shares of Common Stock, 15,657 unvested time‑based RSUs, and 106,414 unvested performance‑based RSUs (total 124,191 shares/units).
• Footnotes of note:
  • F1: Sales were effected pursuant to a Rule 10b5-1 "sell-to-cover" election to satisfy tax withholding on the settlement of previously granted restricted units — not a discretionary trade by the reporting person.
  • F2: Breakout of vested vs. unvested holdings provided above.
• Filing: Form 4 filed 2026-03-02 reporting the above transactions (period of report 2026-02-26).

Context
A 10b5-1 sell-to-cover transaction is typically used to meet tax withholding obligations when equity awards vest; such sales are routine and do not necessarily indicate a change in the insider’s view of the company.