Siminoff Ellen F 4
Research Summary
AI-generated summary
Take-Two (TTWO) Director Ellen Siminoff Sells 334 Shares, Receives 104-Share Award
What Happened
- Ellen F. Siminoff, a director of Take-Two Interactive (TTWO), sold a total of 334 shares in open-market transactions and received a 104-share award on July 1, 2026. The two sales were 167 shares each at $252.53 per share, totaling approximately $84,346 in proceeds. The 104 shares were awarded under the company's 2017 Stock Incentive Plan (granted in lieu of the quarterly non-employee director cash retainer) and were fully vested upon grant.
Key Details
- Transaction date: July 1, 2026.
- Sales: two open-market disposals of 167 shares each at $252.53 per share (≈ $42,173 each; total ≈ $84,346).
- Award: 104 common shares granted at $0.00 (fully vested) under the Issuer’s 2017 Stock Incentive Plan.
- Sales were made pursuant to a Rule 10b5-1 trading plan adopted Feb 19, 2026 (pre-arranged trading plan).
- Shares are held via trusts: D&E Living Trust (co-trustees Ellen and David Siminoff) and EFS 2020 Irrevocable Trust (Ellen Siminoff trustee); the filing notes voting/dispositive power for those trusts (see footnotes).
- Filing: report filed July 6, 2026 for July 1 transactions — this is beyond the typical two-business-day Form 4 window and appears delayed.
Context
- The award was issued in lieu of cash director fees and vested immediately, a common non-cash compensation practice for directors (not an indicator of buy/sell sentiment).
- The sales were executed under a Rule 10b5-1 plan, meaning they were pre-scheduled trades and are generally viewed as routine rather than a real-time signal of the director’s view on the stock.