Jesse Yang - 21 Dec 2022 Form 4 Insider Report for Activision Blizzard, Inc.

Footnote F1

Pursuant to terms of reporting person's restricted stock unit award agreement, withholding by Issuer of shares otherwise deliverable in respect of accelerated vesting on transaction date of restricted stock units held by reporting person initially scheduled to vest in 2023, in order to satisfy resulting tax withholding obligations. Reporting person has signed an Acceleration and Clawback Agreement providing that accelerated restricted stock units are subject to certain repayment conditions.

Footnote F2

Pursuant to terms of reporting person's performance-vesting restricted stock unit award agreement, withholding by Issuer of shares otherwise deliverable in respect of accelerated vesting on transaction date of performance-vesting restricted stock units held by reporting person initially scheduled to vest, if at all, in 2023, in order to satisfy resulting tax withholding obligations. Reporting person has signed an Acceleration and Clawback Agreement providing that accelerated performance-vesting restricted stock units are subject to certain repayment and true-up conditions.

Footnote F3

For each performance-vesting restricted stock unit award for which vesting was accelerated, the number of accelerated units was a certain percentage of such award's original target amount previously disclosed by reporting person, calculated based on Issuer's Compensation Committee's approval for acceleration purposes of an assumed performance achievement level, as estimated to be applicable to the specific award criteria of each such award; with additional units under such award previously reported by reporting person remaining eligible to vest based on Issuer's Compensation Committee's ultimate determination in 2023 of performance achievement level relative to the same performance metrics set forth in the initial grant.

Footnote F4

Following the transactions reported on this Form 4, reporting person held (a) 13,807 shares of Issuer's common stock, (b) 34,898 restricted stock units, each representing the right to receive one share of Issuer's common stock, and (c) 4,939 performance-vesting restricted stock units, each representing the right to receive one share of Issuer's common stock (assumes, as previously disclosed, maximum performance for performance-vesting restricted stock unit grants prior to December 9, 2020, and target performance for any such grants thereafter; actual number of aggregate shares earned will depend on actual performance and will range from 0 to 5,520 shares of Issuer's common stock).