Take-Two Form 144: Restricted Shares Vesting and Insider Sale Disclosed
Rhea-AI Filing Summary
Form 144 filed for Take-Two Interactive Software, Inc. (TTWO). The filing notifies the proposed sale of 22,479 common shares through Fidelity Brokerage Services with an aggregate market value of $5,113,298.13, and an approximate sale date of 08/21/2025 on NASDAQ. The shares were acquired on 06/01/2025 through restricted stock vesting and were paid as compensation. The filing also discloses a recent sale within the past three months: 27,056 shares sold on 06/02/2025 by Daniel P. Emerson for gross proceeds of $6,093,636.19. The form includes the standard insider attestation regarding material nonpublic information.
Positive
- Clear compliance with Rule 144 disclosure requirements including broker, share counts, values, and dates
- Source of shares identified as restricted stock vesting and paid as compensation, improving transparency
Negative
- Insider liquidity event: planned sale of 22,479 shares valued at $5.11 million could be viewed negatively by some investors
- Recent substantial sale of 27,056 shares on 06/02/2025 for $6.09 million indicates recent insider selling activity
Insights
TL;DR: Insider-held restricted shares vested and a planned sale was disclosed; recent sales produced multi-million-dollar proceeds.
The filing reports a planned sale of 22,479 common shares valued at $5.11 million, acquired via restricted stock vesting on 06/01/2025 and designated as compensation. Separately, a recent sale of 27,056 shares on 06/02/2025 yielded $6.09 million in gross proceeds. For investors, the items are material as they reflect insider liquidity events and executive compensation realization, but the filing does not provide context on frequency or intent beyond the Rule 144 notice.
TL;DR: The disclosure complies with Rule 144 and records restricted stock vesting plus an insider sale within the last 90 days.
The document properly discloses the source of the shares (restricted stock vesting) and the planned broker-mediated sale, including transaction dates and amounts. The recent sale by Daniel P. Emerson is noted, and the signer attests to absence of undisclosed material information. The filing contains no statements about trading plans or 10b5-1 adoption dates, limiting assessment of whether sales follow a pre-established plan.