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  4. [Form 4] TAKE TWO INTERACTIVE SOFTWARE INC Insider Trading Activity

Take-Two Interactive (TTWO) president and ZMC disclose large share sales and awards

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

TAKE TWO INTERACTIVE SOFTWARE INC President Karl Slatoff reported a mix of share sales, vesting, forfeiture and new awards tied to ZMC Advisors, L.P. and his direct holdings. The filing shows net open-market sales of 249,327 shares of Common Stock across direct and indirect accounts, according to the transaction summary.

On June 1, 2026, 418,774 restricted units previously granted to ZMC Advisors, L.P. under a Management Agreement vested, while 64,812 performance-based restricted units were forfeited for not meeting performance conditions. ZMC then distributed 209,805 shares received upon vesting to its employees for no value, including 40,358 shares to Mr. Slatoff that he had previously indirectly owned through ZMC.

Also on June 1, 2026, ZMC received a new grant of 329,949 restricted units, consisting of 65,199 time-based units and up to 264,750 performance-based units eligible to vest. Many of the ZMC sales were executed under a Rule 10b5-1 trading plan adopted by ZMC, while Mr. Slatoff’s own direct sales on June 3, 2026 were executed under a separate Rule 10b5-1 trading plan he adopted on December 12, 2025. Footnotes state that securities held by ZMC are not held individually by Mr. Slatoff, who disclaims beneficial ownership except for his pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider Slatoff Karl
Role President
Sold 249,327 shs ($56.23M)
Type Security Shares Price Value
Sale Common Stock 8,467 $214.99 $1.82M
Sale Common Stock 23,250 $215.88 $5.02M
Sale Common Stock 4,761 $217.07 $1.03M
Sale Common Stock 1,921 $217.97 $419K
Sale Common Stock 1,413 $218.73 $309K
Sale Common Stock 546 $220.00 $120K
Disposition Common Stock 64,812 $0.00 --
Sale Common Stock 6,129 $224.44 $1.38M
Sale Common Stock 24,899 $225.50 $5.61M
Sale Common Stock 29,230 $226.47 $6.62M
Sale Common Stock 85,748 $227.40 $19.50M
Sale Common Stock 41,008 $228.31 $9.36M
Sale Common Stock 18,345 $229.21 $4.20M
Sale Common Stock 2,871 $230.14 $661K
Sale Common Stock 739 $231.01 $171K
Other Common Stock 209,805 $0.00 --
Other Common Stock 40,358 $0.00 --
Grant/Award Common Stock 329,949 $0.00 --
Holdings After Transaction: Common Stock — 31,891 shares (Direct, null); Common Stock — 1,214,990 shares (Indirect, By ZMC Advisors, L.P.)
Footnotes (1)
  1. EXPLANATORY NOTE: This Form 4 relates to (i) the vesting of 418,774 restricted units previously granted to ZMC Advisors, L.P. ("ZMC") under the Management Agreement, dated effective May 23, 2022, between the issuer and ZMC (the "Management Agreement"), and the sale of shares of Common Stock by ZMC, in order to satisfy the tax obligations of the partners of ZMC arising from such vesting, pursuant to a Rule 10b5-1 trading plan adopted on November 17, 2025 by ZMC, (ii) the forfeiture of 64,812 performance-based restricted units previously granted to ZMC on June 1, 2023 due to the failure to meet certain performance conditions, (iii) the distribution by ZMC to certain of its employees of 209,805 shares of Common Stock received by ZMC upon the vesting of the restricted units described above in accordance with the customary historical practices of ZMC, and (iv) the annual grant of restricted stock units to ZMC on June 1, 2026, in each case as further described below. Represents the forfeiture of 64,812 performance-based restricted units previously granted to ZMC on June 1, 2023 under the Management Agreement due to the failure to meet certain performance conditions. Represents 796,216 restricted units and 418,774 shares of Common Stock held directly by ZMC (in each case after giving effect to the forfeiture and vesting described in footnote (2) above and footnote (6) below, respectively), of which Mr. Slatoff is a partner (and such securities are not held individually by Mr. Slatoff). Mr. Slatoff disclaims beneficial ownership of the securities held by ZMC except to the extent of his pecuniary interest therein. All of the sales by ZMC reported in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted on November 17, 2025 by ZMC to satisfy the tax obligations of the partners of ZMC upon the vesting of such restricted units that were granted pursuant to the Management Agreement. These transactions are reported on separate lines due to the range of the sale prices. On June 1, 2026, 418,774 restricted units previously granted to ZMC under the Management Agreement vested. The reported sale transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on November 17, 2025 by ZMC, to satisfy the tax obligations of the partners of ZMC upon the vesting of such restricted units. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $223.93 to $224.92, 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 $224.93 to $225.92, 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 $225.93 to $226.92, 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 $226.93 to $227.92, 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 $227.93 to $228.92, 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 $228.93 to $229.92, 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 $229.93 to $230.89, 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 $231.00 to $231.02, 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. On June 1, 2026, 418,774 restricted units previously granted to ZMC under the Management Agreement vested. Following such vesting, ZMC distributed a total of 209,805 shares received upon such vesting to its employees for no value, including 40,358 shares to Mr. Slatoff, which shares Mr. Slatoff had previously indirectly beneficially owned through ZMC. Mr. Slatoff received 40,358 shares pursuant to a distribution, as further described in Footnote (15) above, which receipt was exempt from Section 16 as such shares were previously held by Mr. Slatoff indirectly through ZMC. Represents the grant of 329,949 restricted units to ZMC pursuant to the Restricted Unit Agreement entered into by ZMC and the Company on June 1, 2026 under the Management Agreement. Includes (a) 65,199 time-based restricted units, 21,733 of which units are scheduled to vest on June 1, 2027, 21,733 of which units are scheduled to vest on June 1, 2028, and 21,733 of which units are scheduled to vest on June 1, 2029, and (b) 264,750 performance-based restricted units (representing the maximum number of performance-based units that are eligible to vest) that are subject to vesting on June 1, 2029. Further information regarding the Restricted Unit Agreement and the restricted units, including the vesting schedule, is available in the Company's Registration Statement on Form S-3 filed with the Commission on June 1, 2026. Represents 1,126,165 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. Sale of shares pursuant to Rule 10b5-1 trading plan adopted by Mr. Slatoff on December 12, 2025. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $214.45 to $215.44, 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 $215.45 to $216.43, 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 $216.46 to $217.45, 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 $217.46 to $218.44, 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 $218.48 to $219.06, 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.
Net shares sold 249,327 shares Total open-market sales from transaction summary
Restricted units vested 418,774 units Restricted units granted to ZMC that vested on June 1, 2026
Performance units forfeited 64,812 units Performance-based restricted units forfeited for not meeting conditions
New restricted unit grant 329,949 units Restricted units granted to ZMC on June 1, 2026
Time-based units in grant 65,199 units Portion of June 1, 2026 grant with scheduled vesting through 2029
Max performance-based units 264,750 units Maximum performance-based units eligible to vest by June 1, 2029
Shares distributed to employees 209,805 shares Shares ZMC distributed for no value after vesting
Shares distributed to Slatoff 40,358 shares Portion of ZMC distribution received directly by Karl Slatoff
Rule 10b5-1 trading plan financial
"pursuant to a Rule 10b5-1 trading plan adopted on November 17, 2025 by ZMC"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted units financial
"On June 1, 2026, 418,774 restricted units previously granted to ZMC under the Management Agreement vested"
performance-based restricted units financial
"Represents the forfeiture of 64,812 performance-based restricted units previously granted to ZMC"
Management Agreement financial
"under the Management Agreement, dated effective May 23, 2022, between the issuer and ZMC"
A management agreement is a written contract that sets out who runs a company or specific assets, what duties they must perform, how long they serve, and how they are paid and evaluated. Think of it as a job contract or a property manager’s lease: it tells investors who is steering the business, what rules they must follow, and how their performance will affect costs and returns, so it directly influences company strategy, risk and shareholder value.
disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
Restricted Unit Agreement financial
"Represents the grant of 329,949 restricted units to ZMC pursuant to the Restricted Unit Agreement"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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 NEW YORK 10036
(City)(State)(Zip)
UNITED STATES
(Country)		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)
Director10% Owner
XOfficer (give title below)Other (specify below)
President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock(1)06/01/2026D64,812(2)D$01,214,990(3)IBy ZMC Advisors, L.P.
Common Stock06/01/2026S(4)6,129(5)(6)D$224.44(7)1,208,861IBy ZMC Advisors, L.P.
Common Stock06/01/2026S(4)24,899(5)(6)D$225.5(8)1,183,962IBy ZMC Advisors, L.P.
Common Stock06/01/2026S(4)29,230(5)(6)D$226.47(9)1,154,732IBy ZMC Advisors, L.P.
Common Stock06/01/2026S(4)85,748(5)(6)D$227.4(10)1,068,984IBy ZMC Advisors, L.P.
Common Stock06/01/2026S(4)41,008(5)(6)D$228.31(11)1,027,976IBy ZMC Advisors, L.P.
Common Stock06/01/2026S(4)18,345(5)(6)D$229.21(12)1,009,631IBy ZMC Advisors, L.P.
Common Stock06/01/2026S(4)2,871(5)(6)D$230.14(13)1,006,760IBy ZMC Advisors, L.P.
Common Stock06/01/2026S(4)739(5)(6)D$231.01(14)1,006,021IBy ZMC Advisors, L.P.
Common Stock06/01/2026J(15)209,805(15)D$0796,216IBy ZMC Advisors, L.P.
Common Stock06/01/2026J(15)40,358(16)A$040,358D
Common Stock06/01/2026A329,949(17)A$01,126,165(18)IBy ZMC Advisors, L.P.
Common Stock06/03/2026S(19)8,467(5)D$214.99(20)31,891D
Common Stock06/03/2026S(19)23,250(5)D$215.88(21)8,641D
Common Stock06/03/2026S(19)4,761(5)D$217.07(22)3,880D
Common Stock06/03/2026S(19)1,921(5)D$217.97(23)1,959D
Common Stock06/03/2026S(19)1,413(5)D$218.73(24)546D
Common Stock06/03/2026S(19)546(5)D$2200D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. EXPLANATORY NOTE: This Form 4 relates to (i) the vesting of 418,774 restricted units previously granted to ZMC Advisors, L.P. ("ZMC") under the Management Agreement, dated effective May 23, 2022, between the issuer and ZMC (the "Management Agreement"), and the sale of shares of Common Stock by ZMC, in order to satisfy the tax obligations of the partners of ZMC arising from such vesting, pursuant to a Rule 10b5-1 trading plan adopted on November 17, 2025 by ZMC, (ii) the forfeiture of 64,812 performance-based restricted units previously granted to ZMC on June 1, 2023 due to the failure to meet certain performance conditions, (iii) the distribution by ZMC to certain of its employees of 209,805 shares of Common Stock received by ZMC upon the vesting of the restricted units described above in accordance with the customary historical practices of ZMC, and (iv) the annual grant of restricted stock units to ZMC on June 1, 2026, in each case as further described below.
2. Represents the forfeiture of 64,812 performance-based restricted units previously granted to ZMC on June 1, 2023 under the Management Agreement due to the failure to meet certain performance conditions.
3. Represents 796,216 restricted units and 418,774 shares of Common Stock held directly by ZMC (in each case after giving effect to the forfeiture and vesting described in footnote (2) above and footnote (6) below, respectively), of which Mr. Slatoff is a partner (and such securities are not held individually by Mr. Slatoff). Mr. Slatoff disclaims beneficial ownership of the securities held by ZMC except to the extent of his pecuniary interest therein.
4. All of the sales by ZMC reported in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted on November 17, 2025 by ZMC to satisfy the tax obligations of the partners of ZMC upon the vesting of such restricted units that were granted pursuant to the Management Agreement.
5. These transactions are reported on separate lines due to the range of the sale prices.
6. On June 1, 2026, 418,774 restricted units previously granted to ZMC under the Management Agreement vested. The reported sale transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on November 17, 2025 by ZMC, to satisfy the tax obligations of the partners of ZMC upon the vesting of such restricted units.
7. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $223.93 to $224.92, 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.
8. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $224.93 to $225.92, 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.
9. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $225.93 to $226.92, 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.
10. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $226.93 to $227.92, 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.
11. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $227.93 to $228.92, 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.
12. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $228.93 to $229.92, 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.
13. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $229.93 to $230.89, 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.
14. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $231.00 to $231.02, 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.
15. On June 1, 2026, 418,774 restricted units previously granted to ZMC under the Management Agreement vested. Following such vesting, ZMC distributed a total of 209,805 shares received upon such vesting to its employees for no value, including 40,358 shares to Mr. Slatoff, which shares Mr. Slatoff had previously indirectly beneficially owned through ZMC.
16. Mr. Slatoff received 40,358 shares pursuant to a distribution, as further described in Footnote (15) above, which receipt was exempt from Section 16 as such shares were previously held by Mr. Slatoff indirectly through ZMC.
17. Represents the grant of 329,949 restricted units to ZMC pursuant to the Restricted Unit Agreement entered into by ZMC and the Company on June 1, 2026 under the Management Agreement. Includes (a) 65,199 time-based restricted units, 21,733 of which units are scheduled to vest on June 1, 2027, 21,733 of which units are scheduled to vest on June 1, 2028, and 21,733 of which units are scheduled to vest on June 1, 2029, and (b) 264,750 performance-based restricted units (representing the maximum number of performance-based units that are eligible to vest) that are subject to vesting on June 1, 2029. Further information regarding the Restricted Unit Agreement and the restricted units, including the vesting schedule, is available in the Company's Registration Statement on Form S-3 filed with the Commission on June 1, 2026.
18. Represents 1,126,165 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.
19. Sale of shares pursuant to Rule 10b5-1 trading plan adopted by Mr. Slatoff on December 12, 2025.
20. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $214.45 to $215.44, 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.
21. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $215.45 to $216.43, 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.
22. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $216.46 to $217.45, 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.
23. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $217.46 to $218.44, 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.
24. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $218.48 to $219.06, 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.
/s/ Karl Slatoff06/03/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did TTWO President Karl Slatoff report in this Form 4?

Karl Slatoff reported a combination of sales, vesting, forfeiture and new awards in Take-Two stock. The transaction summary shows net open-market sales of 249,327 Common Stock shares across direct holdings and entities associated with him, alongside significant restricted unit activity.

How many Take-Two (TTWO) shares were sold in total in this Form 4?

The transaction summary reports total open-market sale activity of 249,327 Common Stock shares. These sales include trades by ZMC Advisors, L.P. and by Karl Slatoff directly, with many of the transactions executed under Rule 10b5-1 trading plans described in the footnotes.

Were the TTWO insider sales by Karl Slatoff and ZMC pre-planned under Rule 10b5-1?

Yes, the filing states that ZMC’s sales followed a Rule 10b5-1 trading plan adopted on November 17, 2025, to cover partners’ tax obligations. It also notes Mr. Slatoff’s own direct sales were made under a separate Rule 10b5-1 trading plan adopted on December 12, 2025.

Why were some Take-Two (TTWO) performance-based restricted units forfeited in this filing?

The footnotes state that 64,812 performance-based restricted units previously granted to ZMC were forfeited. This forfeiture occurred because certain performance conditions tied to those units were not met, as defined in the Management Agreement between the company and ZMC Advisors, L.P.

How many TTWO shares did ZMC distribute to employees, including Karl Slatoff?

Following the vesting of restricted units on June 1, 2026, ZMC distributed 209,805 shares it received to its employees for no value. This total included 40,358 shares distributed to Karl Slatoff, which he had previously indirectly owned through ZMC before this distribution.

Does Karl Slatoff directly own the TTWO securities held by ZMC Advisors, L.P.?

No, footnotes explain that restricted units and shares are held directly by ZMC Advisors, L.P., not individually by Karl Slatoff. He is described as a partner of ZMC and disclaims beneficial ownership of those securities except to the extent of his pecuniary interest.