Grant Michael Dixton - Jun 29, 2022 Form 4 Insider Report for Activision Blizzard, Inc. (ATVI)

Role: Chief Legal Officer
Signature: /s/ Grant M. Dixton
Stock symbol: ATVI
Transactions as of: Jun 29, 2022
Transactions value $: -$200,747
Form type: 4
Date filed: 7/1/2022, 04:19 PM
Previous filing: Nov 8, 2021
Next filing: Dec 21, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ATVI	Common Stock, par value $0.000001 per share	Tax liability	-$201K	-2.58K	-2.33%	$77.96	108K	Jun 29, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On June 29, 2022, 8,787 performance-vesting restricted stock units held by Mr. Dixton vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 2,575 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations. 3,664 performance-vesting restricted stock units under this award previously reported by Mr. Dixton at target performance did not vest and were forfeited. An additional 12,451 performance-vesting restricted stock units previously reported by Mr. Dixton did not vest and were forfeited.
F2	Following the transactions reported on this Form 4, Mr. Dixton held (a) 6,212 shares of the Company's common stock, (b) 76,906 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock, and (c) 24,900 restricted share units, each representing the right to receive one share of the Company's common stock. The actual number of aggregate shares earned in connection with the performance-vesting restricted stock units will depend on actual performance and will range from 0 to 96,133 shares of the Company's common stock. The number of performance-vesting restricted stock units assumes, as previously disclosed, target performance for each performance-vesting restricted stock unit grant.

Content

On June 29, 2022, 8,787 performance-vesting restricted stock units held by Mr. Dixton vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 2,575 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations. 3,664 performance-vesting restricted stock units under this award previously reported by Mr. Dixton at target performance did not vest and were forfeited. An additional 12,451 performance-vesting restricted stock units previously reported by Mr. Dixton did not vest and were forfeited.

Following the transactions reported on this Form 4, Mr. Dixton held (a) 6,212 shares of the Company's common stock, (b) 76,906 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock, and (c) 24,900 restricted share units, each representing the right to receive one share of the Company's common stock. The actual number of aggregate shares earned in connection with the performance-vesting restricted stock units will depend on actual performance and will range from 0 to 96,133 shares of the Company's common stock. The number of performance-vesting restricted stock units assumes, as previously disclosed, target performance for each performance-vesting restricted stock unit grant.