STOCK TITAN

[Form 4] Take-Two Interactive Software Inc Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

Karl Slatoff, President of Take-Two Interactive (TTWO), sold 48,995 shares on 08/21/2025 under a Rule 10b5-1 trading plan adopted May 22, 2025. The sales occurred in multiple executions at weighted average prices of $226.90, $227.77 and $228.39, and were reported on separate lines due to differing price ranges. Following the reported sales, Mr. Slatoff directly holds the remaining shares shown on the form, and indirectly holds 1,279,802 restricted units through ZMC Advisors, L.P., of which he is a partner and for which he disclaims beneficial ownership except to his pecuniary interest.

Karl Slatoff, presidente di Take-Two Interactive (TTWO), ha venduto 48.995 azioni il 21/08/2025 nell'ambito di un piano di negoziazione ai sensi della Rule 10b5-1 adottato il 22 maggio 2025. Le vendite sono state eseguite in più operazioni a prezzi medi ponderati di $226,90, $227,77 e $228,39 e sono state riportate su righe separate a causa delle diverse fasce di prezzo. Dopo tali vendite, il signor Slatoff detiene direttamente le azioni residue indicate nel modulo e detiene indirettamente 1.279.802 unità vincolate tramite ZMC Advisors, L.P., di cui è socio e per le quali rinuncia alla posizione di beneficiario salvo il suo interesse pecuniario.

Karl Slatoff, presidente de Take-Two Interactive (TTWO), vendió 48.995 acciones el 21/08/2025 en el marco de un plan de negociación conforme a la Rule 10b5-1 adoptado el 22 de mayo de 2025. Las ventas se realizaron en múltiples ejecuciones a precios promedio ponderados de $226,90, $227,77 y $228,39, y se informaron en líneas separadas debido a los distintos tramos de precio. Tras las ventas notificadas, el señor Slatoff posee directamente las acciones restantes que figuran en el formulario y posee indirectamente 1.279.802 unidades restringidas a través de ZMC Advisors, L.P., de la que es socio y sobre las cuales renuncia a la propiedad beneficaria salvo su interés patrimonial.

Take-Two Interactive(TTWO)의 대표이사 칼 슬라토프는 2025년 8월 21일, 2025년 5월 22일 채택된 Rule 10b5-1 거래계획에 따라 48,995주를 매도했습니다. 해당 매도는 가중평균가격 $226.90, $227.77, $228.39로 여러 건에 걸쳐 체결되었으며, 가격 구간이 달라 별도 라인으로 보고되었습니다. 보고된 매도 이후 슬라토프 씨는 서류에 기재된 잔여 주식을 직접 보유하고 있으며, 자신이 파트너로 있는 ZMC Advisors, L.P.를 통해 1,279,802개의 제한부 단위를 간접 보유하고 있으나, 금전적 이익을 제외한 실질적 소유는 부인하고 있습니다.

Karl Slatoff, président de Take-Two Interactive (TTWO), a vendu 48 995 actions le 21/08/2025 dans le cadre d'un plan de négociation conforme à la Rule 10b5-1 adopté le 22 mai 2025. Les ventes ont été effectuées en plusieurs exécutions à des prix moyens pondérés de 226,90 $, 227,77 $ et 228,39 $, et ont été déclarées sur des lignes distinctes en raison de plages de prix différentes. À la suite des ventes déclarées, M. Slatoff détient directement les actions restantes indiquées sur le formulaire et détient indirectement 1 279 802 unités restreintes via ZMC Advisors, L.P., dont il est associé et dont il décline la qualité de bénéficiaire à l'exception de son intérêt pécuniaire.

Karl Slatoff, Präsident von Take-Two Interactive (TTWO), verkaufte am 21.08.2025 insgesamt 48.995 Aktien im Rahmen eines Rule-10b5-1-Handelsplans, der am 22. Mai 2025 beschlossen wurde. Die Verkäufe erfolgten in mehreren Ausführungen zu gewichteten Durchschnittspreisen von $226,90, $227,77 und $228,39 und wurden aufgrund unterschiedlicher Preisbereiche auf getrennten Zeilen gemeldet. Nach den gemeldeten Verkäufen hält Herr Slatoff die im Formular angegebenen restlichen Aktien direkt und hält indirekt 1.279.802 eingeschränkte Einheiten über ZMC Advisors, L.P., an der er Partner ist und deren wirtschaftliches Eigentum er bis auf sein pecuniäres Interesse ablehnt.

Positive
  • Transactions executed under a Rule 10b5-1 plan, indicating preplanned sales adopted May 22, 2025
  • Timely and detailed disclosure including weighted average prices and offer to provide full sale breakdowns on request
  • Large indirect holdings disclosed (1,279,802 restricted units via ZMC Advisors, L.P.), showing ongoing economic interest
Negative
  • Reduction in direct holdings through sale of 48,995 shares on 08/21/2025
  • Potential market perception risk as insider sales, even planned, can be interpreted negatively by some investors

Insights

TL;DR: Insider sold ~49k shares via an established 10b5-1 plan, indicating prearranged disposition rather than ad hoc selling.

These sales were executed pursuant to a Rule 10b5-1 trading plan adopted on May 22, 2025, which provides an affirmative defense for trading while potentially in possession of material nonpublic information. Reporting the transactions promptly on Form 4 and specifying weighted average sale prices improves transparency. The filing also discloses substantial indirect holdings through ZMC Advisors, L.P., with a disclaimer of beneficial ownership except for pecuniary interest, which is standard when ownership is held by a partnership.

TL;DR: The transaction is a routine, preplanned insider sale and does not by itself signal material company changes.

The report shows three sale lines totaling 48,995 shares on 08/21/2025 at weighted average prices of $226.90, $227.77 and $228.39. The disclosure of price ranges and the offer to provide granular sale details on request is helpful for market transparency. Indirect ownership of 1,279,802 restricted units via ZMC Advisors, L.P. remains significant, and the reporting person disclaims direct beneficial ownership beyond pecuniary interest, which limits direct control inference.

Karl Slatoff, presidente di Take-Two Interactive (TTWO), ha venduto 48.995 azioni il 21/08/2025 nell'ambito di un piano di negoziazione ai sensi della Rule 10b5-1 adottato il 22 maggio 2025. Le vendite sono state eseguite in più operazioni a prezzi medi ponderati di $226,90, $227,77 e $228,39 e sono state riportate su righe separate a causa delle diverse fasce di prezzo. Dopo tali vendite, il signor Slatoff detiene direttamente le azioni residue indicate nel modulo e detiene indirettamente 1.279.802 unità vincolate tramite ZMC Advisors, L.P., di cui è socio e per le quali rinuncia alla posizione di beneficiario salvo il suo interesse pecuniario.

Karl Slatoff, presidente de Take-Two Interactive (TTWO), vendió 48.995 acciones el 21/08/2025 en el marco de un plan de negociación conforme a la Rule 10b5-1 adoptado el 22 de mayo de 2025. Las ventas se realizaron en múltiples ejecuciones a precios promedio ponderados de $226,90, $227,77 y $228,39, y se informaron en líneas separadas debido a los distintos tramos de precio. Tras las ventas notificadas, el señor Slatoff posee directamente las acciones restantes que figuran en el formulario y posee indirectamente 1.279.802 unidades restringidas a través de ZMC Advisors, L.P., de la que es socio y sobre las cuales renuncia a la propiedad beneficaria salvo su interés patrimonial.

Take-Two Interactive(TTWO)의 대표이사 칼 슬라토프는 2025년 8월 21일, 2025년 5월 22일 채택된 Rule 10b5-1 거래계획에 따라 48,995주를 매도했습니다. 해당 매도는 가중평균가격 $226.90, $227.77, $228.39로 여러 건에 걸쳐 체결되었으며, 가격 구간이 달라 별도 라인으로 보고되었습니다. 보고된 매도 이후 슬라토프 씨는 서류에 기재된 잔여 주식을 직접 보유하고 있으며, 자신이 파트너로 있는 ZMC Advisors, L.P.를 통해 1,279,802개의 제한부 단위를 간접 보유하고 있으나, 금전적 이익을 제외한 실질적 소유는 부인하고 있습니다.

Karl Slatoff, président de Take-Two Interactive (TTWO), a vendu 48 995 actions le 21/08/2025 dans le cadre d'un plan de négociation conforme à la Rule 10b5-1 adopté le 22 mai 2025. Les ventes ont été effectuées en plusieurs exécutions à des prix moyens pondérés de 226,90 $, 227,77 $ et 228,39 $, et ont été déclarées sur des lignes distinctes en raison de plages de prix différentes. À la suite des ventes déclarées, M. Slatoff détient directement les actions restantes indiquées sur le formulaire et détient indirectement 1 279 802 unités restreintes via ZMC Advisors, L.P., dont il est associé et dont il décline la qualité de bénéficiaire à l'exception de son intérêt pécuniaire.

Karl Slatoff, Präsident von Take-Two Interactive (TTWO), verkaufte am 21.08.2025 insgesamt 48.995 Aktien im Rahmen eines Rule-10b5-1-Handelsplans, der am 22. Mai 2025 beschlossen wurde. Die Verkäufe erfolgten in mehreren Ausführungen zu gewichteten Durchschnittspreisen von $226,90, $227,77 und $228,39 und wurden aufgrund unterschiedlicher Preisbereiche auf getrennten Zeilen gemeldet. Nach den gemeldeten Verkäufen hält Herr Slatoff die im Formular angegebenen restlichen Aktien direkt und hält indirekt 1.279.802 eingeschränkte Einheiten über ZMC Advisors, L.P., an der er Partner ist und deren wirtschaftliches Eigentum er bis auf sein pecuniäres Interesse ablehnt.

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*
Slatoff Karl

(Last) (First) (Middle)
C/O TAKE-TWO INTERACTIVE SOFTWARE, INC.
110 WEST 44TH STREET

(Street)
NEW YORK NY 10036

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TAKE TWO INTERACTIVE SOFTWARE INC [ TTWO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President
3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025
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 08/21/2025 S 7,603(1)(2) D $226.9(3) 41,392 D
Common Stock 08/21/2025 S 38,078(1)(2) D $227.77(4) 3,314 D
Common Stock 08/21/2025 S 3,314(1)(2) D $228.39(5) 0 D
Common Stock 1,279,802(6) I By ZMC Advisors, L.P.
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. Sale of shares pursuant to Rule 10b5-1 trading plan adopted on May 22, 2025.
2. These transactions are reported on separate lines due to the range of the sale prices.
3. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $226.28 to $227.24, 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
4. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $227.28 to $228.27, 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
5. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $228.28 to $228.59, 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
6. Represents 1,279,802 restricted units held directly by ZMC Advisors, L.P., of which Mr. Slatoff is a partner (such securities are not held individually by Mr. Slatoff). Mr. Slatoff disclaims beneficial ownership of the securities held by ZMC Advisors, L.P. except to the extent of his pecuniary interest therein.
/s/ Karl Slatoff 08/22/2025
** 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.

FAQ

What did Karl Slatoff (TTWO) report on Form 4?

He reported sales of 48,995 shares on 08/21/2025 under a Rule 10b5-1 trading plan adopted May 22, 2025.

How were the sales priced in the TTWO Form 4?

Sales were reported as weighted average prices of $226.90, $227.77 and $228.39 across multiple transactions and price ranges.

Does Karl Slatoff still hold TTWO-related securities after these sales?

Yes. The Form 4 shows remaining direct holdings as reported and 1,279,802 restricted units held indirectly by ZMC Advisors, L.P.

Were the transactions part of a prearranged trading plan?

Yes. The sales were made pursuant to a Rule 10b5-1 trading plan adopted on May 22, 2025, as disclosed in the filing.

Can I get a detailed breakdown of the number of shares sold at each price?

Yes. The reporting person offers to provide the full sale information regarding the number of shares sold at each price increment upon request to the Commission, issuer or any security holder.
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