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Take-Two CEO-linked trusts sell 70K shares

Take-Two Interactive Software Inc. reported insider-related activity involving entities associated with Chairman and CEO Strauss Zelnick.

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

Rhea-AI Filing Summary

Take-Two Interactive Software Inc. reported insider-related activity involving entities associated with Chairman and CEO Strauss Zelnick. Trusts linked to him executed open-market sales totaling 70,000 shares of Common Stock on May 26, 2026 at prices generally in the low $220 range per share.

The filing also shows bona fide gifts of 40,000 shares by related trusts and reports 1,279,802 restricted units of Common Stock held indirectly through ZMC Advisors, L.P., where Zelnick is a partner. All positions in this filing are reported as indirectly held, with Zelnick disclaiming beneficial ownership beyond his pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider ZELNICK STRAUSS
Role Chairman, CEO
Sold 70,000 shs ($15.55M)
Type Security Shares Price Value
Sale Common Stock 19,457 $221.37 $4.31M
Sale Common Stock 22,338 $222.39 $4.97M
Sale Common Stock 2,100 $223.53 $469K
Sale Common Stock 397 $224.28 $89K
Sale Common Stock 3,868 $222.46 $860K
Sale Common Stock 1,600 $223.44 $358K
Sale Common Stock 240 $224.33 $54K
Gift Common Stock 20,000 $0.00 $0.00
Gift Common Stock 20,000 $0.00 $0.00
Sale Common Stock 1,672 $221.71 $371K
Sale Common Stock 15,606 $222.34 $3.47M
Sale Common Stock 2,522 $223.46 $564K
Sale Common Stock 200 $224.06 $45K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 64,089 shares (Indirect, By Wendy Jay Belzberg 2012 Family Trust); Common Stock — 106,464 shares (Indirect, By Zelnick Belzberg Living Trust); Common Stock — 0 shares (Indirect, By Zelnick Belzberg Charitable Trust); Common Stock — 1,279,802 shares (Indirect, By ZMC Advisors, L.P.)
Footnotes (15)
  1. F1. These transactions are reported on separate lines due to the range of the sale prices.
  2. F2. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $221.00 to $221.96, 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.
  3. F3. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $222.00 to $222.95, 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. F4. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $223.11 to $223.93, 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. F5. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $224.01 to $224.79, 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. F6. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $222.02 to $222.98, 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.
  7. F7. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $223.00 to $223.96, 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. F8. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $224.00 to $224.61, 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. F9. Represents 64,089 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
  10. F10. Represents 106,464 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
  11. F11. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $221.40 to $221.99, 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. F12. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $222.00 to $222.98, 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. F13. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $223.00 to $223.98, 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. F14. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $224.01 to $224.08, 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. F15. 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.
Shares sold 70,000 shares Total open-market sales by related trusts on May 26, 2026
Shares gifted 40,000 shares Bona fide gifts by Zelnick-related trusts on May 26, 2026
Restricted units via ZMC Advisors 1,279,802 units Restricted units of Common Stock held indirectly by ZMC Advisors, L.P.
Sale price example $224.33 per share One reported weighted average sale price for 240 shares
Sale price range example $221.00–$221.99 Weighted average component range noted in footnote F11
Family trust holding 64,089 shares Common Stock held by Wendy Jay Belzberg 2012 Family Trust
Living trust holding 106,464 shares Common Stock held by Zelnick Belzberg Living Trust
bona fide gift financial
"Represents a weighted average sales price of shares sold in multiple transactions at sales prices ... "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
weighted average sales price financial
"Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging"
restricted units financial
"Represents 1,279,802 restricted units held directly by ZMC Advisors, L.P."
beneficial ownership financial
"Mr. Zelnick disclaims beneficial ownership of the securities held by the Wendy Jay Belzberg 2012 Family Trust"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"Mr. Zelnick disclaims beneficial ownership ... except to the extent of his pecuniary interest therein"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did TTWO report for entities linked to Strauss Zelnick?
Entities linked to Strauss Zelnick reported open-market sales of 70,000 shares of Take-Two common stock and bona fide gifts of 40,000 shares. All positions are held indirectly through various trusts and an investment partnership, with Zelnick limiting beneficial ownership to his pecuniary interest.

How many Take-Two shares were gifted by entities associated with Strauss Zelnick?
Entities associated with Strauss Zelnick reported bona fide gifts totaling 40,000 shares of Take-Two common stock on May 26, 2026. These gifts were made by the Zelnick Belzberg Charitable Trust and the Zelnick Belzberg Living Trust, and are reported as indirect holdings subject to Zelnick’s pecuniary interest.

What indirect Take-Two holdings are reported through ZMC Advisors, L.P.?
The filing reports 1,279,802 restricted units of Take-Two common stock held by ZMC Advisors, L.P., where Strauss Zelnick is a partner. These securities are not held by him individually, and he disclaims beneficial ownership except to the extent of his pecuniary interest in the partnership’s holdings.

How many shares does the Wendy Jay Belzberg 2012 Family Trust hold in TTWO?
A footnote states that the Wendy Jay Belzberg 2012 Family Trust holds 64,089 shares of Take-Two common stock. These shares are reported as indirectly held by Strauss Zelnick, and he disclaims beneficial ownership except to the extent of any pecuniary interest he may have in that trust position.

What does it mean that Strauss Zelnick disclaims beneficial ownership of these TTWO shares?
Disclaiming beneficial ownership means Strauss Zelnick states he should not be treated as the full economic owner of the reported shares. For the trusts and ZMC Advisors, L.P., he attributes only his pecuniary interest, while voting and investment power or full economic exposure may rest with those separate entities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →
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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).
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*
ZELNICK STRAUSS
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chairman, CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026		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 Stock05/26/2026S19,457(1)D$221.37(2)151,299IBy Zelnick Belzberg Living Trust
Common Stock05/26/2026S22,338(1)D$222.39(3)128,961IBy Zelnick Belzberg Living Trust
Common Stock05/26/2026S2,100(1)D$223.53(4)126,861IBy Zelnick Belzberg Living Trust
Common Stock05/26/2026S397(1)D$224.28(5)126,464IBy Zelnick Belzberg Living Trust
Common Stock05/26/2026S3,868(1)D$222.46(6)65,929IBy Wendy Jay Belzberg 2012 Family Trust
Common Stock05/26/2026S1,600(1)D$223.44(7)64,329IBy Wendy Jay Belzberg 2012 Family Trust
Common Stock05/26/2026S240(1)D$224.33(8)64,089(9)IBy Wendy Jay Belzberg 2012 Family Trust
Common Stock05/26/2026G20,000D$0106,464(10)IBy Zelnick Belzberg Living Trust
Common Stock05/26/2026G20,000A$020,000IBy Zelnick Belzberg Charitable Trust
Common Stock05/26/2026S1,672(1)D$221.71(11)18,328IBy Zelnick Belzberg Charitable Trust
Common Stock05/26/2026S15,606(1)D$222.34(12)2,722IBy Zelnick Belzberg Charitable Trust
Common Stock05/26/2026S2,522(1)D$223.46(13)200IBy Zelnick Belzberg Charitable Trust
Common Stock05/26/2026S200(1)D$224.06(14)0IBy Zelnick Belzberg Charitable Trust
Common Stock1,279,802(15)IBy 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. These transactions are reported on separate lines due to the range of the sale prices.
2. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $221.00 to $221.96, 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.
3. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $222.00 to $222.95, 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 $223.11 to $223.93, 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 $224.01 to $224.79, 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 a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $222.02 to $222.98, 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.
7. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $223.00 to $223.96, 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 $224.00 to $224.61, 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 64,089 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
10. Represents 106,464 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
11. Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $221.40 to $221.99, 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 $222.00 to $222.98, 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 $223.00 to $223.98, 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 $224.01 to $224.08, 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. 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.
/s/ Strauss Zelnick05/28/2026
** 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

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