Take-Two (TTWO) CEO Zelnick Strauss Sells 40,000 Shares (~$10.1M)

What Happened
Zelnick Strauss (Chairman, CEO and Director) sold a total of 40,000 shares of Take-Two (TTWO) in multiple open-market transactions on August 10, 2026, generating aggregate proceeds of approximately $10,105,591 (weighted average ≈ $252.64 per share). The filing also shows a same-day 10,000-share gift disposition and a 10,000-share gift acquisition (both $0), which appear to be transfers rather than market sales. Transaction codes reported: S = sale (open market), G = gift.

Key Details

• Transaction date: August 10, 2026 (Form 4 filed August 11, 2026 — appears timely).
• Open-market sales: 40,000 shares sold across multiple transactions at prices roughly between ~$250.16 and $255.33; total proceeds ≈ $10.11M; weighted average ≈ $252.64/share. (Footnotes note weighted-average reporting and offer to provide full per-price breakdown on request.)
• Gifts: 10,000 shares disposed as a gift and 10,000 shares acquired as a gift on the same day (no cash proceeds). Gifts generally reflect transfers and do not directly signal market sentiment.
• Holdings / disclaimers: Footnotes list indirect holdings and restricted units (e.g., 1,126,165 restricted units via ZMC Advisors, L.P.; 152,314 shares via the Zelnick Belzberg Living Trust; 64,089 shares via the Wendy Jay Belzberg 2012 Family Trust). Mr. Zelnick disclaims beneficial ownership of certain trust/partnership holdings except to the extent of his pecuniary interest.
• Footnote specifics: Multiple footnotes (F2–F12 etc.) explain the sales were reported across lines because of price ranges and give weighted-average price disclosures; the filer can provide a full breakdown on request.

Context

• These were open-market sales (dispositions), not purchases or option exercises. Sales by executives are common for diversification, tax, or personal reasons; gifts are typically transfers and not a market-confidence signal.
• No late filing was indicated; the Form 4 was filed the day after the trades.
• No awards exercised or cashless-option activity was reported in this filing.