Take-Two (TTWO) chair-linked trust sells 60,000 shares around $214–$215
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Take-Two Interactive’s chairman and CEO Strauss Zelnick reported indirect open-market sales totaling 60,000 shares of common stock at prices around $214–$215 per share. The transactions were made by the Zelnick/Belzberg Living Trust, which now holds 170,756 shares, and are attributed to that trust rather than Zelnick personally.
Separate indirect holdings include 69,797 shares in the Wendy Jay Belzberg 2012 Family Trust and 1,279,802 restricted units held by ZMC Advisors, L.P. Zelnick disclaims beneficial ownership of these entities’ securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 60,000 shares ($12,862,211)
Net Sell
5 txns
Insider
ZELNICK STRAUSS
Role
Chairman, CEO
Sold
60,000 shs ($12.86M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,946 | $214.16 | $1.70M |
| Sale | Common Stock | 38,084 | $214.15 | $8.16M |
| Sale | Common Stock | 13,970 | $215.09 | $3.00M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 170,756 shares (Indirect, By Zelnick Belzberg Living Trust)
Footnotes (1)
- These transactions are reported on separate lines due to the range of the sale prices. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $214.00 to $214.68, inclusive. Upon request, the Reporting Person undertakes to provide the full sale information regarding the number of shares sold at each price increment to the Commission, the issuer or any security holder of the issuer. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $215.00 to $215.20, inclusive. Upon request, the Reporting Person undertakes to provide the full sale information regarding the number of shares sold at each price increment to the Commission, the issuer or any security holder of the issuer. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $214.04 to $214.36, inclusive. Upon request, the Reporting Person undertakes to provide the full sale information regarding the number of shares sold at each price increment to the Commission, the issuer or any security holder of the issuer. Reflects certain shares that were previously transferred from the Zelnick/Belzberg Living Trust to the Wendy Jay Belzberg 2012 Family Trust pursuant to Section 16 exempt transactions. Represents 170,756 shares of Common Stock held by the Zelnick/Belzberg Living Trust (such securities are indirectly held by Mr. Zelnick). Mr. Zelnick disclaims beneficial ownership of the securities held by the Zelnick/Belzberg Living Trust except to the extent of his pecuniary interest therein. Represents 69,797 shares of Common Stock held by the Wendy Jay Belzberg 2012 Family Trust (such securities are indirectly held by Mr. Zelnick). Mr. Zelnick disclaims beneficial ownership of the securities held by the Wendy Jay Belzberg 2012 Family Trust except to the extent of his pecuniary interest therein Represents 1,279,802 restricted units held directly by ZMC Advisors, L.P., of which Mr. Zelnick is a partner (such securities are not held individually by Mr. Zelnick). Mr. Zelnick disclaims beneficial ownership of the securities held by ZMC Advisors, L.P. except to the extent of his pecuniary interest therein.
FAQ
What insider transactions did TTWO report for Strauss Zelnick?
The filing reports indirect open-market sales totaling 60,000 shares of Take-Two common stock by the Zelnick/Belzberg Living Trust at prices around $214–$215 per share, with the trust’s post-transaction balance disclosed in the filing.
What other indirect holdings linked to Strauss Zelnick are disclosed for TTWO?
The filing notes 69,797 shares held by the Wendy Jay Belzberg 2012 Family Trust and 1,279,802 restricted units held by ZMC Advisors, L.P. Zelnick is a partner there and disclaims beneficial ownership beyond his pecuniary interest.
Were the reported TTWO insider sales executed at multiple price levels?
Yes. Footnotes state the reported sales reflect weighted average prices for multiple trades within ranges, including $214.00–$214.68, $215.00–$215.20, and $214.04–$214.36. Full trade-by-trade details are available on request.
Does Strauss Zelnick directly own the restricted units reported for TTWO?
No. The filing explains the 1,279,802 restricted units are held directly by ZMC Advisors, L.P., not individually by Zelnick. He is a partner there and disclaims beneficial ownership beyond his pecuniary interest.