Jesse Yang - Dec 15, 2022 Form 4 Insider Report for Activision Blizzard, Inc. (ATVI)

Role
Dep CFO, Comptr & Pr Acctg Off
Signature
/s/ Jesse Yang
Stock symbol
ATVI
Transactions as of
Dec 15, 2022
Transactions value $
-$483,651
Form type
4
Date filed
12/16/2022, 04:34 PM
Previous filing
Nov 15, 2022
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 -$26.7K -349 -0.53% $76.37 64.9K Dec 15, 2022 Direct F1
transaction ATVI Common Stock, par value $0.000001 per share Tax liability -$452K -5.91K -9.11% $76.37 59K Dec 15, 2022 Direct F2
transaction ATVI Common Stock, par value $0.000001 per share Tax liability -$5.35K -70 -0.12% $76.37 59K Dec 15, 2022 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 15, 2022, 1,009 restricted stock units held by Mr. Yang vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 349 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations.
F2 On December 15, 2022, 12,415 restricted stock units held by Mr. Yang vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 5,914 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations.
F3 On December 15, 2022, 141 restricted stock units held by Mr. Yang vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 70 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations.
F4 Following the transactions reported on this Form 4, Mr. Yang held (a) 8,416 shares of the Company's common stock, (b) 39,304 restricted stock units, each representing the right to receive one share of the Company's common stock, and (c) 11,231 performance-vesting restricted stock 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 11,723 shares of the Company's common stock. The number of performance-vesting restricted stock units assumes, as previously disclosed, maximum performance for grants prior to December 9, 2020, and assumes target performance for any awards thereafter.