Take-Two (TTWO) Chief Legal Officer sells 4,421 shares in Rule 10b5-1 trade

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

TAKE TWO INTERACTIVE SOFTWARE INC Chief Legal Officer trades shares in a planned sale. Daniel P. Emerson sold 4,421 shares of common stock on June 15, 2026 at $215.00 per share in an open-market transaction. After this sale, he directly holds 118,407 shares. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 3, 2026, indicating the sale was scheduled in advance. His post-transaction position includes 5,459 shares of common stock along with 19,736 unvested time-based restricted stock units and 93,212 unvested performance-based restricted stock units that will vest, or fail to vest, under their award terms.

Insider Trade Summary 10b5-1

Net Seller: 4,421 shares ($950,515)

Net Sell 1 txn

Insider Emerson Daniel P

Role Chief Legal Officer

Sold 4,421 shs ($951K)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,421	$215.00	$951K

Holdings After Transaction: Common Stock — 118,407 shares (Direct, null)

Footnotes (1)

Sale of shares pursuant to Rule 10b5-1 trading plan adopted on March 3, 2026. Includes (i) 5,459 shares of Common Stock, (ii) 19,736 unvested time-based restricted stock units and (iii) 93,212 unvested performance-based restricted stock units. Such unvested awards will vest, or fail to vest, in accordance with the terms of the applicable award agreements.

Key Figures

Shares sold: 4,421 shares Sale price per share: $215.00 per share Shares held after sale: 118,407 shares +4 more

7 metrics

Shares sold 4,421 shares Open-market sale on June 15, 2026

Sale price per share $215.00 per share Common Stock transaction

Shares held after sale 118,407 shares Direct holdings following transaction

Unvested time-based RSUs 19,736 units Unvested restricted stock units

Unvested performance-based RSUs 93,212 units Unvested performance-based restricted stock units

Common shares component 5,459 shares Portion of post-transaction position

10b5-1 plan adoption date March 3, 2026 Plan governing the reported sale

Key Terms

Rule 10b5-1 trading plan, restricted stock units, performance-based restricted stock units, open-market sale

4 terms

Rule 10b5-1 trading plan regulatory

"Sale of shares pursuant to Rule 10b5-1 trading plan adopted on March 3, 2026."

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 stock units financial

"Includes (i) 5,459 shares of Common Stock, (ii) 19,736 unvested time-based restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

performance-based restricted stock units financial

"and (iii) 93,212 unvested performance-based restricted stock units."

Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

06/15/2026 - 05:14 PM

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).

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^*

Emerson Daniel P

(Last)

(First)

(Middle)

C/O TAKE-TWO INTERACTIVE SOFTWARE, INC.

110 WEST 44TH STREET

(Street)

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/15/2026		S		4,421⁽¹⁾	D	$215	118,407⁽²⁾	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Sale of shares pursuant to Rule 10b5-1 trading plan adopted on March 3, 2026.

2. Includes (i) 5,459 shares of Common Stock, (ii) 19,736 unvested time-based restricted stock units and (iii) 93,212 unvested performance-based restricted stock units. Such unvested awards will vest, or fail to vest, in accordance with the terms of the applicable award agreements.

	/s/ Daniel Emerson	06/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did TTWO executive Daniel P. Emerson report in this Form 4?

Daniel P. Emerson, Chief Legal Officer of Take-Two (TTWO), reported selling 4,421 shares of common stock at $215.00 per share. The transaction was an open-market sale and was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 3, 2026.

How large was Daniel P. Emerson’s TTWO stock sale and at what price?

He sold 4,421 shares of Take-Two (TTWO) common stock at $215.00 per share. This was an open-market sale and forms part of a pre-planned Rule 10b5-1 trading program disclosed in the Form 4 footnotes.

How many TTWO shares does Daniel P. Emerson hold after this Form 4 sale?

Following the sale, Daniel P. Emerson directly holds 118,407 shares of Take-Two (TTWO) common stock. This figure includes 5,459 shares plus unvested restricted stock units and performance-based restricted stock units that may vest under their respective award agreements.

Was Daniel P. Emerson’s TTWO stock sale under a Rule 10b5-1 plan?

Yes. The Form 4 states the 4,421-share sale was executed pursuant to a Rule 10b5-1 trading plan adopted on March 3, 2026. Such plans pre-schedule trades, indicating the timing was established in advance rather than decided opportunistically.

What unvested equity awards does Daniel P. Emerson hold in TTWO?

His position includes 19,736 unvested time-based restricted stock units and 93,212 unvested performance-based restricted stock units of Take-Two (TTWO). These awards will vest, or fail to vest, according to the conditions in their respective award agreements.

What role does Daniel P. Emerson hold at Take-Two (TTWO)?

Daniel P. Emerson serves as Chief Legal Officer of Take-Two Interactive Software, Inc. (TTWO). His Form 4 filing reports a planned open-market sale of 4,421 shares and details his remaining direct holdings and significant unvested equity awards in the company.