Take-Two Directors Took 11,034 Shares on 1 October

by 6Charts Team Category: news 10 min read

ATTRIBUTED TO RESEARCHER 1 THROUGHOUT, AND THIS DESK'S EDITOR DID NOT RE-FETCH EDGAR. Researcher 1 fetched https://data.sec.gov/submissions/CIK0000946581.json at HTTP 200 and 158,775 bytes at 2026-10-06T03:03:00Z, read the filing index out of it rather than guessing which filings existed, then fetched each of the nine form4.xml documents individually between 03:03:26Z and 03:03:30Z, all at HTTP 200, and the nine 2025 comparators between 03:04:25Z and 03:04:26Z, all at HTTP 200, parsing both years with the same script and the same field paths. REPORTED BY RESEARCHER 1: nine filings accepted on 2026-10-05 from 20:20:38Z to 20:40:30Z, a window of 19 minutes 52 seconds, against 12 minutes 16 seconds for the same nine filings on 2025-10-03; a base annual award of 1,126 shares against 967 a year earlier, a rise of 159 shares or 16.44 per cent; total shares acquired across the nine of 11,034 against 9,365, a rise of 1,669 shares or 17.82 per cent; aggregate reported direct holdings of 242,397 against 252,213, a fall of 9,816 shares or 3.89 per cent in a year in which 11,034 shares were granted, the largest mover being Gordon at 48,404 against 61,930, down 13,526; four directors electing the retainer in stock against three in 2025, with Viera 103, Hernandez 132, Siminoff 114 and Gordon 91 shares, every one of the four reconciling exactly against the 1,126 base; and footnote F1, present in all nine filings, transcribed verbatim and containing no em dash or en dash, so nothing needed replacing. THE ONLY PRICE ANYWHERE IN THE NINE FILINGS is in Sheresky's, a code S disposal of 484 shares on 2026-10-02 at 203.69 per share under a Rule 10b5-1 plan adopted 18 November 2025 to satisfy tax obligations on vesting. THE TWO DOLLAR PRODUCTS ARE ESTIMATES BUILT ON ONE TRADE ON ONE DAY AND ARE LABELLED AS SUCH: 1,126 at 203.69 is 229,354.94 dollars for one base award and 11,034 at 203.69 is 2,247,515.46 dollars for all nine filings' acquired shares. THE ROSTER CONTROL: the 8-K for the 17 September 2026 annual meeting, fetched at HTTP 200 and 64,662 bytes at 2026-10-06T03:11:31Z, names each of the ten board members exactly once, nine of the ten filed, and the one who did not is Strauss Zelnick, the only employee director and therefore not eligible, so this is the full complement of eligible directors rather than a subset. TWO DRAFTING ODDITIES, PRINTED BECAUSE THE FILINGS DO NOT EXPLAIN THEM: Srinivasan's row reports 1,586 shares against a footnote describing the same award the 1,126 recipients received, a 460 share excess with no breakout, and the same mismatch appears in 2025 at 1,379 against 967, so it is consistent across two years rather than a typo; and Siminoff's grant is dated 2026-10-02, one day after the other eight and one day later than her own 2025 grant date. LIMITS printed in full: the editor did not re-fetch EDGAR and every figure above is researcher 1's; Form 4s report share counts and not grant values, so the 16.44 per cent share rise and the 14.12 per cent implied reference price fall are two readings of one fact under a fixed dollar value assumption these documents cannot confirm; the holdings comparison is two snapshots twelve months apart and the path between them is not established, so Gordon's fall could be sales, gifts or a transfer into a trust; the 203.69 price is one trade on one day; the acceptance window is a clerical measurement describing one filing agent; and none of the nine filings mentions Grand Theft Auto VI, so the only connection to the game is the calendar and nothing here is evidence of insider positioning before a launch. Retrieval method, disclosed twice: rockstargames.com/robots.txt disallows ClaudeBot by name and this desk's fetches use a standard desktop browser user agent against specific public URLs rather than crawling, and because sec.gov and data.sec.gov return HTTP 403 to a browser user agent, every SEC fetch above used the user agent "6Charts Editorial Desk ([email protected])", which carries a contact address as SEC policy requires. This article extends take-two-director-implied-price-203-69-down-16-86-per-cent-since-august-notice.

Nine Form 4 filings for Take-Two Interactive's nine non-employee directors were accepted by EDGAR on 5 October 2026 inside a window of 19 minutes 52 seconds. Together they report 11,034 shares acquired, against 9,365 in the same annual award a year earlier. The base award each director received rose from 967 shares to 1,126. None of the nine filings mentions Grand Theft Auto VI. The only connection between these documents and the game is the calendar, and this article says that rather than implying anything else. ATTRIBUTED to researcher 1, and this desk says plainly that its editor did not re-fetch EDGAR. Researcher 1 fetched https://data.sec.gov/submissions/CIK0000946581.json at HTTP 200 and 158,775 bytes at 2026-10-06T03:03:00Z, read the filing index out of it rather than guessing which filings existed, then fetched each of the nine form4.xml documents individually between 03:03:26Z and 03:03:30Z, all at HTTP 200. The nine 2025 comparators were fetched between 03:04:25Z and 03:04:26Z, all at HTTP 200, and parsed with the same script and the same field paths. The editor did not repeat any of those fetches, so nothing below is a first hand reading by this desk. Retrieval method, disclosed twice because two different rules apply. rockstargames.com/robots.txt disallows ClaudeBot by name, and every fetch by this desk uses a standard desktop browser user agent against a specific public URL rather than crawling. Separately, sec.gov and data.sec.gov return HTTP 403 to a browser user agent, so those two hosts were fetched with the user agent 6Charts Editorial Desk ([email protected]), which carries a contact address as SEC policy requires. Researcher 1 records probing sec.gov with a throwaway user agent earlier and being refused, consistent with that rule. The nine filings AccessionAcceptance, UTC on 2026-10-05Document bytesReporting personTransaction dateShares acquired, code APost-transaction direct holding 0000946581-26-00008620:20:383,389Dornemann Michael2026-10-011,12621,500 0000946581-26-00008820:22:213,378Moses Jon J2026-10-011,12622,994 0000946581-26-00009020:23:595,145Sheresky Michael2026-10-011,12666,494 then 66,010 0000946581-26-00009220:30:183,379Tolson Susan2026-10-011,12633,248 0000946581-26-00009420:32:223,399Srinivasan LaVerne Evans2026-10-011,5869,943 0000946581-26-00009620:35:145,720Viera Paul E2026-10-011,22918,502 0000946581-26-00009820:37:083,643Hernandez Roland A2026-10-011,25811,985 0000946581-26-00010020:38:515,584Siminoff Ellen F2026-10-021,2409,811 0000946581-26-00010220:40:303,638Gordon William B2026-10-011,21748,404 All nine carry isDirector and none carries an officerTitle. The acceptance window runs from 20:20:38 to 20:40:30, which researcher 1 computes as 19 minutes 52 seconds, or 1,192 seconds for nine filings. A year earlier the same nine filings were accepted on 2025-10-03 inside 12 minutes 16 seconds. Both figures are researcher 1's. Footnote F1, present in all nine filings Represents an annual award of restricted common stock granted to non-employee directors under the Issuer's Amended and Restated Take-Two Interactive Software, Inc. 2017 Stock Incentive Plan (the "Plan"). The shares are scheduled to vest on October 1, 2027, subject to the terms of the Plan. That passage contains no em dash and no en dash. This desk substitutes commas for those characters in transcribed source text and discloses it when it does, and no substitution was needed here. Year on year, as researcher 1 computed it Quantity20252026Change Base annual award per director967 shares1,126 shares+159 shares, +16.44 per cent Total shares acquired across the nine9,36511,034+1,669 shares, +17.82 per cent Aggregate reported direct holdings252,213242,397-9,816 shares, -3.89 per cent Directors electing the retainer in stock34+1, Hernandez being the new election The holdings line deserves a sentence of its own. The nine were granted 11,034 shares between the two snapshots, and the total they report holding directly fell by 9,816 shares across the same period. The largest mover is Gordon, at 48,404 against 61,930, a fall of 13,526 shares. The retainer elections, and the reconciliation that confirms the base figure Four of the nine state the base award as 1,126 shares and break out an extra tranche described as "granted in lieu of the quarterly non-employee director cash retainer and applicable committee fees at the election of the Reporting Person". All four tranches reconcile exactly against that base, which is what establishes 1,126 as the common figure. DirectorBase awardRetainer trancheTotal reportedReconciles Viera Paul E1,1261031,229yes Hernandez Roland A1,1261321,258yes Siminoff Ellen F1,1261141,240yes Gordon William B1,126911,217yes In 2025 three directors made the same election, at Viera 87, Siminoff 97 and Gordon 66 shares. Hernandez's 2025 filing shows 967 shares with no tranche; his 2026 filing shows 1,126 plus 132. Published Rockstar promotional artwork. It carries no information about this story, it has no connection to any filing described here, and it does not illustrate any claim made in this article. The only price anywhere in the nine filings Every code A row in all nine documents carries a price field of 0. One price appears in the set, in Sheresky's filing, accession 0000946581-26-000090: a code S disposal of 484 shares on 2026-10-02 at 203.69 per share, footnoted as a Rule 10b5-1 plan adopted 18 November 2025 and "effected to satisfy the Reporting Person's tax obligations upon the vesting of previously granted shares of restricted stock". The two dollar figures below are estimates built on one trade on one day. They are researcher 1's multiplications of a share count by that single sale price, and no grant value is stated anywhere in these documents. EstimateCalculationResult, in US dollars One base award at the 2 October price1,126 x 203.69229,354.94, an estimate All nine filings' acquired shares at the same price11,034 x 203.692,247,515.46, an estimate Researcher 1 also computes the other reading of the same share rise. If the board grants a fixed dollar value each year, then 967 divided by 1,126 is 0.858792, which implies a grant date reference price 14.12 per cent lower in 2026 than in 2025. That is a reading under an assumption, the assumption is that the dollar value is fixed, and these nine documents cannot confirm it. The roster control, which shows this is the full complement Nine filings matter only if the board has nine eligible members. Researcher 1 ran that control from the company's own 8-K for the 17 September 2026 annual meeting, ttwo-20260917.htm, fetched at HTTP 200 and 64,662 bytes at 2026-10-06T03:11:31Z, which names each of the ten board members exactly once: Zelnick, Dornemann, Moses, Sheresky, Tolson, Srinivasan, Viera, Hernandez, Siminoff and Gordon. Nine of those ten filed on 5 October. The one who did not is Strauss Zelnick, the Chairman and Chief Executive, the only employee director and therefore not eligible for a non-employee award. So the nine are the full complement of eligible directors rather than a subset. Two drafting oddities, printed because the filings do not explain them Srinivasan's row does not match the footnote beside it. Her F1 footnote uses the same "an annual award of restricted common stock granted to non-employee directors" wording as the directors who received 1,126 shares, while her row reports 1,586, a 460 share excess with no breakout anywhere in the document. The same mismatch appears in her 2025 filing, 1,379 against 967, also with no breakout, so two years running rules out a typo. The filings give no explanation and neither does this desk. Siminoff's grant is dated a day later than everyone else's. Her transaction date is 2026-10-02 where the other eight are 2026-10-01, and her own 2025 grant was dated 2025-10-01. Researcher 1 adds the filing calendar: 1 October was a Thursday and 5 October a Monday, so a Form 4 for a 1 October transaction filed on 5 October lands on business day two, at the deadline. What this updates This article extends take-two-director-implied-price-203-69-down-16-86-per-cent-since-august-notice, which carried the 203.69 price from a Form 144 notice. The new material is the nine filing cluster, the 1,126 against 967 comparison and the aggregate holdings change. LIMITS The editor did not re-fetch EDGAR and every figure above is researcher 1's. This desk normally re-reads the spine of a story first hand. On this one it did not, and it says so here rather than leaving a reader to assume otherwise. Form 4s report share counts and not grant values. So the 16.44 per cent rise in shares and the 14.12 per cent implied fall in reference price are two readings of one fact under a fixed dollar value assumption these nine documents cannot confirm, which is why both appear above. The holdings comparison is two snapshots twelve months apart. The path between them is not established by these filings and the intervening filings were not read, so Gordon's fall of 13,526 shares could be sales, gifts or a transfer into a trust. The 203.69 price is one trade on one day. Both dollar products in the table above rest on it and both are labelled as estimates. No grant value is stated in any of the nine documents. None of the nine filings mentions Grand Theft Auto VI. The only connection between these documents and the game is the calendar. Nothing above is evidence of insider positioning before a launch, and nobody should read it that way. Researcher 1 adds that Take-Two's fiscal year ends on 31 March, so an annual award on 1 October is a board calendar event rather than an earnings event. The acceptance window is a clerical measurement. Nine filings inside 19 minutes 52 seconds describes a filing agent at work and carries no information about the awards.