Electronic Arts director’s shares cancelled at $210 merger price
Electronic Arts Inc. director Heidi Ueberroth reported merger-related dispositions of common stock and restricted stock units.
Rhea-AI Filing Summary
Electronic Arts Inc. director Heidi Ueberroth reported merger-related dispositions of common stock and restricted stock units. At the Merger’s Effective Time on August 4, 2026, her 12,848 common shares were cancelled and converted into the right to receive $210.00 in cash per share, leaving no direct common stock holdings. Vested and director RSUs covering 2,730, 1,769, 1,870 and 1,452 shares were also cancelled and converted into cash rights at $210.00 per share, less applicable withholding taxes.
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Insights
Analyzing...
Insider Trade Summary
Disposition: 20,669 shares
Disposition
5 txns
Insider
Ueberroth Heidi
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units F2 | 2,730 | -- | -- |
| Disposition | Restricted Stock Units F2 | 1,769 | -- | -- |
| Disposition | Restricted Stock Units F2 | 1,870 | -- | -- |
| Disposition | Restricted Stock Units F2 | 1,452 | -- | -- |
| Disposition | Common Stock F1 | 12,848 | $210.00 | $2.70M |
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 cancelled: 12,848 shares
Cash consideration per common share: $210.00 per share
Post-merger common stock holdings: 0 shares
+4 more
7 metrics
Common shares cancelled
12,848 shares
Issuer common stock held by Heidi Ueberroth cancelled at the merger Effective Time
Cash consideration per common share
$210.00 per share
Merger Consideration for each share of issuer common stock held
Post-merger common stock holdings
0 shares
Directly held Electronic Arts common stock following cancellation in the merger
RSU tranche cancelled
2,730 RSUs
One RSU award cancelled and converted into a cash right at $210.00 per underlying share
Additional RSU tranches cancelled
1,769; 1,870; 1,452 RSUs
Director RSUs cancelled and converted into cash rights at $210.00 per underlying share
Merger Agreement date
September 28, 2025
Date of Agreement and Plan of Merger among the issuer, Parent and Merger Sub
Merger Effective Time
August 4, 2026
Time when shares and RSUs were cancelled and converted into cash rights
Key Terms
Restricted Stock Units, Agreement and Plan of Merger, Merger Consideration, Effective Time, +1 more
5 terms
Restricted Stock Units financial
"Each outstanding restricted stock unit ("RSU") that was vested but not yet settled"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Agreement and Plan of Merger regulatory
"pursuant to the terms of that certain Agreement and Plan of Merger (the "Merger Agreement")"
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.
Effective Time regulatory
"At the effective time of the Merger (the "Effective Time"), each share"
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
withholding taxes financial
"converted into the right to receive, without interest and less applicable withholding taxes, cash"
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 insider transaction did Electronic Arts (EA) report for director Heidi Ueberroth?
Electronic Arts reported that director Heidi Ueberroth’s 12,848 common shares and several tranches of RSUs were cancelled at the merger Effective Time and converted into rights to receive $210.00 in cash per share, eliminating her direct common stock holdings.
What happened to Heidi Ueberroth’s Electronic Arts (EA) restricted stock units in the merger?
Her vested RSUs and all RSUs held as a non-employee director were cancelled and converted into the right to receive cash equal to $210.00 for each underlying share, payable without interest and subject to applicable withholding taxes.
Was the Heidi Ueberroth Electronic Arts (EA) Form 4 filed under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox was not checked, so these merger-related dispositions are not reported as being executed under a pre-arranged Rule 10b5-1 trading plan.
Why are Heidi Ueberroth’s Electronic Arts (EA) transactions labeled as dispositions to the issuer?
The transactions are coded as D, disposition to issuer, because at the merger Effective Time her common shares and RSUs were cancelled under the Merger Agreement and converted into contractual rights to receive cash from the acquiring entity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
