Electronic Arts director equity cancelled in $210 merger
Electronic Arts Inc. director Bruce Kofi reported dispositions to the issuer tied to the closing of a cash merger in which Electronic Arts became a wholly owned subsidiary of Oak-Eagle AcquireCo.
Rhea-AI Filing Summary
Electronic Arts Inc. director Bruce Kofi reported dispositions to the issuer tied to the closing of a cash merger in which Electronic Arts became a wholly owned subsidiary of Oak-Eagle AcquireCo. At the effective time, his 7,746 shares of common stock and 1,452 restricted stock units were cancelled and converted into the right to receive $210.00 per share in cash, leaving no reported remaining holdings.
Positive
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Insights
Analyzing...
Insider Trade Summary
Disposition: 9,198 shares
Disposition
2 txns
Insider
Bruce Kofi A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units F2 | 1,452 | -- | -- |
| Disposition | Common Stock F1 | 7,746 | $210.00 | $1.63M |
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 stock disposed: 7,746 shares
Restricted stock units cancelled: 1,452 units
Merger cash consideration: $210.00 per share
+1 more
4 metrics
Common stock disposed
7,746 shares
Shares of common stock cancelled and converted into the right to receive $210.00 per share in cash at the merger effective time
Restricted stock units cancelled
1,452 units
Director RSUs cancelled and converted into the right to receive $210.00 in cash for each underlying share at the Effective Time
Merger cash consideration
$210.00 per share
Cash consideration for each share of Electronic Arts common stock held by the reporting person at the Effective Time
Holdings after transaction
0 shares
Reported total shares of Electronic Arts common stock held directly by Bruce Kofi following the merger-related dispositions
Key Terms
Agreement and Plan of Merger, Merger Consideration, restricted stock unit ("RSU"), withholding taxes, +1 more
5 terms
Agreement and Plan of Merger regulatory
"pursuant to the terms of that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 28, 2025"
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
"was cancelled and 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 ("RSU") financial
"each outstanding restricted stock unit ("RSU") that was vested but not yet settled and each RSU held by a non-employee director"
withholding taxes financial
"was cancelled and converted into the right 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.
wholly owned subsidiary financial
"with the Issuer surviving the Merger as a wholly owned subsidiary of Parent"
A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Electronic Arts (EA) director Bruce Kofi report?
Bruce Kofi reported dispositions to the issuer of his Electronic Arts equity in connection with a cash merger. His common shares and restricted stock units were cancelled at the merger’s effective time and converted into the right to receive $210.00 per share in cash.
What happened to Bruce Kofi’s Electronic Arts (EA) restricted stock units in the merger?
At the merger’s effective time, 1,452 restricted stock units held by Bruce Kofi were cancelled and converted into the right to receive cash equal to $210.00 per underlying share, without interest and less applicable withholding taxes, pursuant to the Agreement and Plan of Merger.
What merger triggered the reported insider transactions for Electronic Arts (EA)?
The transactions were triggered when Oak-Eagle MergerCo, Inc. merged with and into Electronic Arts Inc. under an Agreement and Plan of Merger, making Electronic Arts a wholly owned subsidiary of Oak-Eagle AcquireCo, Inc. At that effective time, Kofi’s equity was cancelled for cash consideration.
Does Bruce Kofi retain any Electronic Arts (EA) equity after these transactions?
Following the reported transactions, Bruce Kofi shows 0 shares of Electronic Arts common stock and RSUs. Both his 7,746 common shares and 1,452 restricted stock units were cancelled in the cash merger and converted solely into the right to receive $210.00 per share in cash.
Were Bruce Kofi’s Electronic Arts (EA) transactions executed under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not marked as affirmatively used, and the footnotes describe the equity changes as automatic effects of the merger. The dispositions reflect merger mechanics rather than discretionary trading in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
