TTWO Form 4: Director Siminoff reports 10b5-1 sales totaling 7,191 shares
Rhea-AI Filing Summary
Ellen F. Siminoff, a director of Take-Two Interactive Software, reported sales of Company common stock executed on 09/15/2025 under pre-existing Rule 10b5-1 plans. The reported transactions executed at $246.25 per share. The filing shows dispositions associated with two trusts: the EFS 2020 Irrevocable Trust (3,003 shares held following the transaction) and the D&E Living Trust (3,888 shares held following the transaction). The Reporting Person serves as trustee of the EFS 2020 trust and as co-trustee with David Siminoff for the D&E Living Trust. The Form 4 was signed by an attorney-in-fact on behalf of Ms. Siminoff on 09/16/2025.
Positive
- Trades executed under Rule 10b5-1 plans, indicating pre-arranged dispositions rather than opportunistic insider trading
- Clear disclosure of trustee roles and which trusts hold the shares, including voting and dispositive power details
Negative
- Insider sales reported totaling 7,191 shares disposed on 09/15/2025, reducing beneficial ownership
- Post-transaction indirect holdings are relatively small (3,003 and 3,888 shares), which may be noteworthy to some investors
Insights
TL;DR: Director sold shares under a pre-arranged 10b5-1 plan; transactions executed at $246.25 per share on 09/15/2025.
The Form 4 discloses sales executed under Rule 10b5-1 plans, which typically indicate pre-set disposition instructions rather than opportunistic trades. The filing lists disposals on 09/15/2025 at $246.25 per share and shows continuing indirect ownership through two trusts totaling 6,891 shares (3,003 and 3,888). For investors, these sales reduce the director's beneficial stake but are consistent with planned, rule-compliant dispositions rather than ad hoc insider selling.
TL;DR: Disclosure is clear on trustee roles and plan adoption date; transactions were executed under documented 10b5-1 plans.
The filing explicitly states the 10b5-1 plans for both the D&E Living Trust and the EFS 2020 Irrevocable Trust were adopted on March 5, 2025, and that the Reporting Person holds voting and dispositive power as trustee or co-trustee. This clarity supports good governance disclosure practices by identifying the governance relationship and the pre-arranged nature of the trades.