Electronic Arts director receives $210 per share in merger
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Electronic Arts Inc. director Richard A. Simonson reported equity dispositions in connection with a merger in which Electronic Arts became a wholly owned subsidiary of Oak-Eagle AcquireCo, Inc. On August 4, 2026, 83,251 shares of common stock held by him were cancelled and converted into the right to receive $210.00 in cash per share. In addition, a total of 7,047 restricted stock units were cancelled and converted into the right to receive cash equal to $210.00 per underlying share, without interest and less applicable withholding taxes, leaving no common shares reported as held afterward.
Insider Trade Summary
Disposition: 90,298 shares
Disposition
4 txns
Insider
Simonson Richard A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units F2 | 3,408 | -- | -- |
| Disposition | Restricted Stock Units F2 | 2,187 | -- | -- |
| Disposition | Restricted Stock Units F2 | 1,452 | -- | -- |
| Disposition | Common Stock F1 | 83,251 | $210.00 | $17.48M |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 0 shares (Direct)
Footnotes (2)
- F1. On August 4, 2026, pursuant to the terms of that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 28, 2025, by and among Electronic Arts Inc., a Delaware corporation (the "Issuer"), Oak-Eagle AcquireCo, Inc., a Delaware corporation ("Parent"), and Oak-Eagle MergerCo, Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), each share of Issuer common stock held by the reporting person was cancelled and converted into the right to receive $210.00 in cash (the "Merger Consideration").
- F2. At the Effective Time, pursuant to the Merger Agreement, each outstanding restricted stock unit ("RSU") that was vested but not yet settled and each RSU held by a non-employee director, whether vested or unvested, was cancelled and converted into the right to receive, without interest and less applicable withholding taxes, cash equal to $210.00 for each share subject to the award.
Key Figures
Common shares disposed: 83,251 shares
Merger cash consideration: $210.00 per share
Restricted stock units canceled: 7,047 RSUs
+3 more
6 metrics
Common shares disposed
83,251 shares
Shares of Electronic Arts common stock cancelled at the merger Effective Time for cash consideration
Merger cash consideration
$210.00 per share
Cash each share of Electronic Arts common stock was converted into at the Effective Time
Restricted stock units canceled
7,047 RSUs
Total RSUs held by Richard A. Simonson converted into cash rights at $210.00 per underlying share
Disposition date
August 4, 2026
Effective Time of the merger when shares and RSUs were cancelled and converted
Derivative transactions reported
3
Number of RSU disposition entries classified as derivative transactions in this report
Non-derivative transactions reported
1
Single disposition entry for common stock classified as non-derivative
Key Terms
Agreement and Plan of Merger, Merger Consideration, restricted stock unit, withholding taxes
4 terms
Agreement and Plan of Merger regulatory
"pursuant to the terms of that certain Agreement and Plan of Merger"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Merger Consideration financial
"converted into the right to receive $210.00 in cash (the Merger Consideration)"
Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.
restricted stock unit financial
"each outstanding restricted stock unit ("RSU") that was vested but not yet settled"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
withholding taxes financial
"to receive, without interest and less applicable withholding taxes, cash equal to $210.00"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Electronic Arts (EA) director Richard A. Simonson report in this Form 4?
Richard A. Simonson reported that 83,251 shares of Electronic Arts common stock were cancelled and converted into cash at $210.00 per share, and that 7,047 restricted stock units were similarly cancelled and converted into cash rights as part of a merger transaction.
How were Richard A. Simonson’s Electronic Arts (EA) restricted stock units treated in the merger?
Each outstanding restricted stock unit held by Richard A. Simonson was cancelled at the merger’s Effective Time and converted into the right to receive cash equal to $210.00 per underlying share, without interest and less applicable withholding taxes, in accordance with the Merger Agreement.
Does Richard A. Simonson report any remaining Electronic Arts (EA) common stock after the merger?
Following the merger transactions, the reported holdings show 0 shares of Electronic Arts common stock for Richard A. Simonson. All previously held shares were cancelled and converted into cash rights, and no additional common stock positions are listed in this disclosure.
Were Richard A. Simonson’s Electronic Arts (EA) transactions under a Rule 10b5-1 trading plan?
The disclosure does not affirm use of a Rule 10b5-1 trading plan; the plan-related checkbox is not marked as indicating such a plan. The transactions instead arise from the terms of the negotiated Merger Agreement with the Oak-Eagle entities.
What merger event triggered the equity dispositions reported for Electronic Arts (EA)?
On August 4, 2026, Oak-Eagle MergerCo, Inc. merged with and into Electronic Arts Inc., with Electronic Arts surviving as a wholly owned subsidiary of Oak-Eagle AcquireCo, Inc.. At this Effective Time, Simonson’s shares and restricted stock units were cancelled and converted into cash rights.
AI-generated analysis. How Rhea-AI works. Not financial advice.
