Take-Two Interactive CLO Sells $361K in Shares Under 10b5-1 & Tax Cover
TAKE TWO INTERACTIVE SOFTWARE INC
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Filing Summary
🏷️ Take-Two Interactive Software ($TTWO) Form 4 Filing
Insider: Daniel P. Emerson (Chief Legal Officer)
Action: Sold 1,661 shares at avg price of $217.37 ($361,055 total)
Dates: Sep 2 - Sep 3, 2026
Remaining Holdings: 112,327 shares
Notes: Transactions executed pursuant to Rule 10b5-1 plan and sell-to-cover tax obligations.
Comprehensive Analysis
Insider Transaction Summary
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) Chief Legal Officer Daniel P. Emerson reported sales of common stock totaling 1,661 shares over two transactions on September 2 and September 3, 2026, for gross proceeds of approximately $361,055.
Transaction Breakdown:
- September 2, 2026: Disposed of 917 shares at $217.65 per share ($199,585.05) under a Rule 10b5-1 "sell to cover" election solely to satisfy tax withholding obligations triggered by vesting restricted units.
- September 3, 2026: Sold 744 shares at $217.03 per share ($161,470.32) pursuant to a pre-established Rule 10b5-1 trading plan adopted on March 3, 2026.
Holdings Analysis:
Following the reported transactions, Emerson directly retains 112,327 shares, which includes 1,040 shares of common stock, 18,075 unvested time-based restricted stock units (RSUs), and 93,212 unvested performance-based restricted stock units (PRSUs).
Trading Significance:
This filing is rated Low in market significance given the non-discretionary tax withholding nature of part of the sale, the adoption of a structured Rule 10b5-1 trading plan for the remainder, and the relatively modest transaction size relative to the insider's total equity holdings.
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Important Disclaimer
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