Daniel Alegre - Mar 30, 2023 Form 4 Insider Report for Activision Blizzard, Inc. (ATVI)

Role
President and COO
Signature
/s/ Daniel Alegre
Stock symbol
ATVI
Transactions as of
Mar 30, 2023
Transactions value $
-$1,840,670
Form type
4
Date filed
4/3/2023, 05:21 PM
Previous filing
Mar 17, 2023
Next filing
May 15, 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 -$706K -8.31K -6% $84.89 130K Mar 30, 2023 Direct F1
transaction ATVI Common Stock, par value $0.000001 per share Tax liability -$1.13M -13.4K -16.58% $84.89 67.3K Mar 30, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Daniel Alegre is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 18,816 performance-vesting restricted stock units held by reporting person, in order to satisfy resulting tax withholding obligations. 17,664 performance-vesting restricted stock units under this award previously reported by reporting person at maximum performance did not vest and were forfeited.
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 30,256 performance-vesting restricted stock units held by reporting person, in order to satisfy resulting tax withholding obligations. 49,542 performance-vesting restricted stock units under this award previously reported by reporting person at maximum performance did not vest and were forfeited.
F3 Following the transactions reported on this Form 4, reporting person held (a) 28,014 shares of Issuer's common stock and (b) 39,267 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 November 2, 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 49,084 shares of Issuer's common stock, which includes adjustments to reflect performance for periods for which such measurement is already completed).