Grant Michael Dixton - 29 Jun 2023 Form 4 Insider Report for Activision Blizzard, Inc.

Footnote 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.

Footnote 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 6,618 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.

Footnote 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 2,981 performance-vesting restricted stock units held by reporting person, in order to satisfy resulting tax withholding obligations. 3,244 performance-vesting restricted stock units under this award previously reported by reporting person at target performance did not vest and were forfeited.

Footnote F4

Following the transactions reported on this Form 4, reporting person held (a) 23,794 shares of Issuer's common stock, (b) 38,936 restricted stock units, each representing the right to receive one share of Issuer's common stock, and (c) 52,006 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 65,007 shares of Issuer's common stock, which includes adjustments to reflect performance for periods for which such measurement is already completed).