Emerson Daniel P 4
Research Summary
AI-generated summary
Take-Two (TTWO) CLO Daniel P. Emerson Sells Shares
What Happened
Daniel P. Emerson, Chief Legal Officer of Take-Two Interactive Software Inc. (TTWO), sold 8,840 shares of Take-Two common stock in an open-market transaction on June 8, 2026. The shares were sold at $214.00 per share for total proceeds of $1,891,760. This was a sale (not a purchase); such sales are often routine and do not by themselves indicate a change in insider sentiment.
Key Details
- Transaction date: 2026-06-08; Price: $214.00 per share; Shares sold: 8,840; Total proceeds: $1,891,760. (Transaction code: S = Sale)
- Sale executed pursuant to a Rule 10b5-1 trading plan adopted March 3, 2026 (pre-planned automated trading).
- Reported beneficial ownership after the transaction (per filing footnote): 9,880 shares of common stock beneficially owned, plus 19,736 unvested time-based restricted stock units (RSUs) and 93,212 unvested performance-based RSUs that will vest per their award agreements.
- Filing: Form 4 filed June 10, 2026 for a June 8, 2026 transaction — appears timely (Form 4 is typically required within two business days).
Context
Sales made under a Rule 10b5-1 plan are typically prearranged and can be used to avoid questions about trading on material nonpublic information; they are common for insiders managing diversification or tax needs. This report documents a straight sale of existing shares (no option exercise, gift, or derivative transaction).