Armin Zerza - Mar 30, 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 30, 2023
Transactions value $
-$211,121
Form type
4
Date filed
4/3/2023, 05:02 PM
Previous filing
Mar 10, 2023
Next filing
Oct 16, 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 Award $0 +3.17K +1.62% $0.00 199K Mar 30, 2023 Direct F1
transaction ATVI Common Stock, par value $0.000001 per share Tax liability -$93K -1.1K -0.55% $84.89 198K Mar 30, 2023 Direct F2
transaction ATVI Common Stock, par value $0.000001 per share Award $0 +145 +0.07% $0.00 198K Mar 30, 2023 Direct F1
transaction ATVI Common Stock, par value $0.000001 per share Tax liability -$71.6K -843 -0.43% $84.89 197K Mar 30, 2023 Direct F3
transaction ATVI Common Stock, par value $0.000001 per share Award $0 +573 +0.29% $0.00 198K Mar 30, 2023 Direct F1
transaction ATVI Common Stock, par value $0.000001 per share Tax liability -$16.9K -199 -0.1% $84.89 198K Mar 30, 2023 Direct F4
transaction ATVI Common Stock, par value $0.000001 per share Tax liability -$16.1K -190 -0.1% $84.89 197K Mar 30, 2023 Direct F5
transaction ATVI Common Stock, par value $0.000001 per share Tax liability -$12.6K -148 -0.08% $84.89 196K Mar 30, 2023 Direct F6
transaction ATVI Common Stock, par value $0.000001 per share Tax liability -$1.02K -12 -0.01% $84.89 196K Mar 30, 2023 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Additional shares of Issuer's common stock earned by reporting person in excess of shares previously reported at target performance level, as a result of above-target performance achievement for performance-vesting restricted stock units that vested on transaction date.
F2 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 3,166 performance-vesting restricted stock units (which reflects additional amount earned under this award as reported in row above) held by reporting person, in order to satisfy resulting tax withholding obligations.
F3 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 2,436 performance-vesting restricted stock units (which reflects additional amount earned under this award as reported in row above) held by reporting person, in order to satisfy resulting tax withholding obligations.
F4 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 573 performance-vesting restricted stock units (which reflects additional amount earned under this award as reported in row above) held by reporting person, in order to satisfy resulting tax withholding obligations.
F5 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 549 performance-vesting restricted stock units held by reporting person, in order to satisfy resulting tax withholding obligations. 597 performance-vesting restricted stock units under this award previously reported by reporting person at target performance did not vest and were forfeited.
F6 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 426 performance-vesting restricted stock units held by reporting person, in order to satisfy resulting tax withholding obligations. 463 performance-vesting restricted stock units under this award previously reported by reporting person at target performance did not vest and were forfeited.
F7 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 32 performance-vesting restricted stock units held by reporting person, in order to satisfy resulting tax withholding obligations. 35 performance-vesting restricted stock units under this award previously reported by reporting person at target performance did not vest and were forfeited.
F8 Following the transactions reported on this Form 4, reporting person held (a) 43,859 shares of Issuer's common stock, (b) 33,201 restricted stock units, each representing the right to receive one share of Issuer's common stock, and (c) 119,107 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 148,576 shares of Issuer's common stock, which includes adjustments to reflect performance for periods for which such measurement is already completed).