Armin Zerza - Mar 9, 2023 Form 4 Insider Report for Activision Blizzard, Inc. (ATVI)

Role: Chief Financial Officer
Signature: /s/ Armin Zerza
Stock symbol: ATVI
Transactions as of: Mar 9, 2023
Transactions value $: -$115,282
Form type: 4
Date filed: 3/10/2023, 04:00 PM
Previous filing: Mar 8, 2023
Next filing: Apr 3, 2023

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	-$115K	-1.47K	-0.75%	$78.37	196K	Mar 9, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Pursuant to terms of reporting person's restricted stock unit award agreement, withholding by Issuer of shares otherwise deliverable in respect of vesting on transaction date of 3,925 restricted stock units held by reporting person, in order to satisfy resulting tax withholding obligations.
F2	Following the transaction reported on this Form 4, reporting person held (a) 39,164 shares of Issuer's common stock, (b) 33,201 restricted stock units, each representing the right to receive one share of the Company's common stock, and (c) 123,500 performance-vesting restricted stock units, each representing the right to receive one share of Issuer's common stock (assumes, as previously disclosed, target performance for each performance-vesting restricted stock unit grant; actual number of aggregate shares earned will depend on actual performance and will range from 0 to 155,758 shares of Issuer's common stock).

Content

Pursuant to terms of reporting person's restricted stock unit award agreement, withholding by Issuer of shares otherwise deliverable in respect of vesting on transaction date of 3,925 restricted stock units held by reporting person, in order to satisfy resulting tax withholding obligations.

Following the transaction reported on this Form 4, reporting person held (a) 39,164 shares of Issuer's common stock, (b) 33,201 restricted stock units, each representing the right to receive one share of the Company's common stock, and (c) 123,500 performance-vesting restricted stock units, each representing the right to receive one share of Issuer's common stock (assumes, as previously disclosed, target performance for each performance-vesting restricted stock unit grant; actual number of aggregate shares earned will depend on actual performance and will range from 0 to 155,758 shares of Issuer's common stock).