Take-Two (TTWO) Chief Legal Officer Daniel P. Emerson Sells Shares

What Happened

• Daniel P. Emerson, Chief Legal Officer of Take-Two Interactive (TTWO), reported two open-market sales. On 2026-09-02 he sold 917 shares at $217.65 for $199,585, and on 2026-09-03 he sold 744 shares at $217.03 for $161,470 — total proceeds about $361,055. Both transactions are reported as sales (S).

Key Details

• Transaction dates and prices:
  • 2026-09-02: 917 shares at $217.65, proceeds $199,585 (F1).
  • 2026-09-03: 744 shares at $217.03, proceeds $161,470 (F2).
• Shares owned after the transactions: beneficial ownership reported as 1,040 shares of common stock plus unvested awards consisting of 18,075 time-based RSUs and 93,212 performance-based RSUs (F3).
• Footnotes:
  • F1: 2026-09-02 sale was a Rule 10b5-1 "sell to cover" to satisfy tax withholding on settled restricted units (not a discretionary trade).
  • F2: 2026-09-03 sale was pursuant to a Rule 10b5-1 trading plan adopted March 3, 2026.
  • F3: Breakdown of current holdings (vested and unvested) and vesting governed by award agreements.
• Filing timeliness: Form 4 filed 2026-09-04 reporting transactions on 9/2 and 9/3 — appears to be filed within the normal Form 4 reporting window.

Context

• Sales made under 10b5-1 plans or to cover taxes are typically pre-arranged or administrative and are less indicative of an insider changing their view of the company's prospects. Most of Emerson’s reported holdings are unvested RSUs/PRSUs that will vest (or not) per award terms.