Electronic Arts (EA) Form 4: EVP Jacob Schatz Disposes 1,200 Shares Under 10b5-1

Rhea-AI Filing Summary

Jacob J. Schatz, EVP, Global Affairs and CLO of Electronic Arts Inc. (EA), reported multiple transactions in the issuer's common stock on 08/15/2025. Mr. Schatz sold a total of 1,200 shares in three blocks (500, 600 and 100) at weighted average prices of $173.724, $174.7828 and $178.48, respectively. Those sales were made pursuant to a 10b5-1 trading plan established May 29, 2024. On the same date he acquired 32 shares under the Electronic Arts 2000 Employee Stock Purchase Plan at $109.0975. After these transactions he beneficially owned approximately 27,280 shares.

Positive

• Sales effected under a documented 10b5-1 trading plan, which provides an affirmative defense and indicates pre-planned transactions
• ESPP purchase executed, showing participation in employee share plan

Negative

• Net reduction of 1,168 shares (1,200 sold minus 32 purchased), indicating a decrease in insider ownership
• Insider sales totaling 1,200 shares could be interpreted by some investors as reduced insider exposure

Insights

Corporate Governance Expert

TL;DR: Routine insider sales under a pre-established 10b5-1 plan with a small ESPP purchase; governance procedures appear followed.

The Form 4 shows the reporting person used a 10b5-1 plan to execute staged sales, which provides an affirmative defense under Rule 10b5-1 and ordinarily signals pre-planned, non-discretionary transactions rather than opportunistic trading. The simultaneous ESPP purchase is small relative to the sales. From a governance standpoint, documentation of the plan date is provided in the filing, which helps maintain transparency and reduce information-asymmetry concerns.

Securities Analyst

TL;DR: Insider sold 1,200 shares netting a weighted average near $175, with a minor ESPP acquisition; impact to ownership is modest.

The insider disposed of 1,200 shares across three trades at weighted average prices of roughly $174–$178 and acquired 32 shares at about $109.10 through the employee purchase plan, producing a net reduction of 1,168 shares. Given the post-transaction holding of ~27,280 shares, the trades represent a small percentage change in absolute ownership and are unlikely to materially affect company control or valuation. The 10b5-1 disclosure reduces the likelihood these were opportunistic sales tied to nonpublic information.

Insider Trade Summary

Net Seller: 1,200 shares

Net Sell 4 txns

Insider Schatz Jacob J.

Role EVP, Global Affairs and CLO

Sold 1,200 shs ($210K)

Type	Security	Shares	Price	Value
Sale	Common Stock	500	$173.724	$87K
Sale	Common Stock	600	$174.7828	$105K
Sale	Common Stock	100	$178.48	$18K
Other	Common Stock	32	$109.0975	$3K

Holdings After Transaction: Common Stock — 27,280 shares (Direct)

Footnotes (4)

1. F1. This sale was effected pursuant to a 10b5-1 trading plan established by Mr. Schatz on May 29, 2024.
2. F2. Weighted average sale price for common stock sold. Actual sales price for shares sold ranged from $173.25 to $174.24. Electronic Arts Inc. undertakes to provide to the staff of the S.E.C. or a security holder full information regarding the number of shares purchased or sold at each separate price.
3. F3. Weighted average sale price for common stock sold. Actual sales price for shares sold ranged from $174.54 to $175.15. Electronic Arts Inc. undertakes to provide to the staff of the S.E.C. or a security holder full information regarding the number of shares purchased or sold at each separate price.
4. F4. Shares of common stock acquired under the Electronic Arts 2000 Employee Stock Purchase Plan on August 15, 2025.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 08/18/2025 - 06:20 PM Learn about SEC filing dates

FAQ

What insider transactions did EA (symbol: EA) report for Jacob J. Schatz?

The Form 4 reports Mr. Schatz sold 500, 600 and 100 shares on 08/15/2025 and bought 32 shares under the ESPP on the same date.

Were the insider sales made under a 10b5-1 plan?

Yes. The filing states the sales were effected pursuant to a 10b5-1 trading plan established May 29, 2024.

What prices were reported for the EA shares sold and bought?

Weighted average sale prices were $173.724, $174.7828 and $178.48; the ESPP purchase price was $109.0975.

How many EA shares does Jacob J. Schatz beneficially own after the transactions?

The Form 4 lists beneficial ownership of approximately 27,280 shares following the reported transactions.

What is the net change in Mr. Schatz's holdings from these transactions?

He sold 1,200 shares and acquired 32 shares, a net decrease of 1,168 shares.

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).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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)
08/15/2025

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	08/15/2025		S		500(1)	D	$173.724(2)	27,948	D
Common Stock	08/15/2025		S		600(1)	D	$174.7828(3)	27,348	D
Common Stock	08/15/2025		S		100(1)	D	$178.48	27,248	D
Common Stock	08/15/2025		J	V	32(4)	A	$109.0975	27,280	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 29, 2024.

2. Weighted average sale price for common stock sold. Actual sales price for shares sold ranged from $173.25 to $174.24. Electronic Arts Inc. undertakes to provide to the staff of the S.E.C. or a security holder full information regarding the number of shares purchased or sold at each separate price.

3. Weighted average sale price for common stock sold. Actual sales price for shares sold ranged from $174.54 to $175.15. Electronic Arts Inc. undertakes to provide to the staff of the S.E.C. or a security holder full information regarding the number of shares purchased or sold at each separate price.

4. Shares of common stock acquired under the Electronic Arts 2000 Employee Stock Purchase Plan on August 15, 2025.

	/s/ Deborah Berenjfoorosh, Attorney-in-Fact For Jacob J. Schatz	08/18/2025
	** 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.