Take-Two (TTWO) Files Form 144 for 48,995-Share Sale on NASDAQ
Rhea-AI Filing Summary
Take-Two Interactive (TTWO) Form 144 notifies the proposed sale of 48,995 shares of common stock through Merrill Lynch on NASDAQ with an aggregate market value of $11,209,566.05. The shares represent a pro rata distribution received 05/30/2025 from ZMC Advisors, L.P. under a management agreement with the issuer; the donor acquired the securities on 06/03/2024. The filer reports 184,470,212 shares outstanding, and indicates no securities sold in the past three months. The planned approximate sale date listed is 08/21/2025. The filing includes the standard signature representation that the seller is unaware of undisclosed material adverse information.
Positive
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Negative
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Insights
TL;DR: A disclosed executive/affiliate placement of ~49k shares valued at $11.2M, scheduled for August; appears routine and non-material to market cap.
The filing shows a planned sale of 48,995 common shares via Merrill Lynch with an aggregate value of $11,209,566.05, against 184,470,212 shares outstanding. The shares were acquired by pro rata distribution from ZMC Advisors, L.P. on 05/30/2025. There are no reported sales by the holder in the past three months. For a public equity of this scale, the position size represents a very small percentage of outstanding shares and is unlikely to move the market by itself. The filing fulfills disclosure obligations under Rule 144 and provides transaction provenance.
TL;DR: The Form 144 documents a permitted affiliate sale and the required attestation; it raises no governance red flags on its face.
The notice specifies the transfer originated as a distribution to ZMC Advisors, L.P., of which the named individual is a partner, and that the sale will proceed through a broker on NASDAQ. The filer affirms no undisclosed material adverse information. The document is procedural: it records compliance with Rule 144 resale conditions and does not disclose any governance actions, unusual insider sales patterns, or related-party conflicts beyond the disclosed distribution mechanics.
FAQ
What does the TTWO Form 144 disclose?
When and how were the TTWO shares acquired?
How large is the proposed sale relative to outstanding TTWO shares?
Does the filer report other sales in the past three months?
Who is the broker handling the sale?