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Electronic Arts (EA) EVP Jacob Schatz reports 1,200-share sale via 10b5-1

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Jacob J. Schatz, Executive Vice President, Global Affairs and Chief Legal Officer of Electronic Arts Inc. (EA), reported a sale of 1,200 shares of EA common stock on 09/15/2025 at a price of $171.52 per share. After the transaction, Mr. Schatz beneficially owned 26,080 shares directly. The filing states the sale was executed under a 10b5-1 trading plan established by Mr. Schatz on May 13, 2025, and the Form 4 was signed by an attorney-in-fact on his behalf.

Positive

  • Transparent disclosure of insider sale complying with Section 16 filing requirements
  • Sale executed under a 10b5-1 trading plan, indicating a pre-arranged trading program
  • Officer retains meaningful ownership with 26,080 shares reported after the sale

Negative

  • Insider sale reduces the reporting officer's direct stake by 1,200 shares
  • No additional context in the filing on the officer's broader holdings or intentions beyond the 10b5-1 plan

Insights

TL;DR: Routine insider sale under an established 10b5-1 plan; limited immediate market significance.

The reported transaction is a straightforward disposition of 1,200 shares by a senior officer at $171.52 per share. Because the sale was executed under a pre-established 10b5-1 plan, it likely reflects a predetermined trading schedule rather than opportunistic timing based on nonpublic information. The remaining direct beneficial ownership of 26,080 shares continues to align the officer's interests with shareholders, though the sale reduces his direct stake modestly. This Form 4 does not include any derivative transactions or additional material disclosures.

TL;DR: Disclosure meets Section 16 requirements; the 10b5-1 plan is an established compliance mechanism.

The filing provides required transparency about insider trading activity and notes the use of a 10b5-1 plan established on May 13, 2025, which is a standard governance control to avoid allegations of trading on material nonpublic information. The Form 4 shows proper reporting of the sale, the price, and post-transaction ownership. There are no indications of unusual volume or related-party transactions in this filing.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Schatz Jacob J.

(Last) (First) (Middle)
209 REDWOOD SHORES PARKWAY

(Street)
REDWOOD CITY CA 94065

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ELECTRONIC ARTS INC. [ EA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Global Affairs and CLO
3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/15/2025 S 1,200(1) D $171.52 26,080 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. This sale was effected pursuant to a 10b5-1 trading plan established by Mr. Schatz on May 13, 2025.
/s/ Deborah Berenjfoorosh, Attorney-in-Fact For Jacob J. Schatz 09/15/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Jacob J. Schatz report for EA?

He reported a sale of 1,200 shares of EA common stock on 09/15/2025 at $171.52 per share.

Was the sale by EA insider Jacob J. Schatz part of a 10b5-1 plan?

Yes. The Form 4 states the sale was effected pursuant to a 10b5-1 trading plan established on May 13, 2025.

How many EA shares does Jacob J. Schatz own after the reported transaction?

The filing reports he beneficially owned 26,080 shares following the sale.

Does the Form 4 report any options or derivative transactions for Jacob J. Schatz?

No. The filing contains only a non-derivative sale of common stock and no derivative securities were reported.

Who signed the Form 4 for Jacob J. Schatz?

The Form 4 was signed on his behalf by Deborah Berenjfoorosh, Attorney-in-Fact on 09/15/2025.
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50.10B
249.80M
Electronic Gaming & Multimedia
Services-prepackaged Software
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United States
REDWOOD CITY