May 31, 2024 · Form 4 insider transaction
ZELNICK STRAUSS sold 49,402 shares of Take-Two Interactive Software, Inc. at $158.96 per share, a transaction worth $7.85M. The trade was recorded as open-market sale under a pre-scheduled Rule 10b5-1 plan and disclosed on an SEC Form 4, filed 4 days after the transaction.
All of the sales reported in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted on December 8, 2023 by ZMC related to the vesting of restricted units granted pursuant to the Management Agreement.; These transactions are reported on separate lines due to the range of the sale prices.; On May 31, 2024, 171,689 restricted units previously granted to ZMC vested. The reported sale transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on December 8, 2023 by ZMC, including to satisfy the tax obligations of the partners of ZMC upon the vesting of such restricted units.; Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $158.46 to $159.46, inclusive. Upon request, the Reporting Person undertakes to provide the full sale information regarding the number of shares sold at each price increment to the Commission, the issuer or any security holder of the issuer.