Jacob J. Schatz - May 16, 2023 Form 4 Insider Report for ELECTRONIC ARTS INC. (EA)

Role: Chief Legal Officer
Signature: /s/ Deborah Berenjfoorosh, Attorney-in-Fact For Jacob J. Schatz
Stock symbol: EA
Transactions as of: May 16, 2023
Transactions value $: -$807,091
Form type: 4
Date filed: 5/18/2023, 05:15 PM
Previous filing: May 15, 2023
Next filing: Jun 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EA	Common Stock	Options Exercise		+848	+5.33%		16.7K	May 16, 2023	Direct	F1
transaction	EA	Common Stock	Tax liability	-$36.7K	-294	-1.76%	$124.84	16.5K	May 16, 2023	Direct	F2
transaction	EA	Common Stock	Options Exercise		+2.65K	+16.11%		19.1K	May 16, 2023	Direct	F3
transaction	EA	Common Stock	Tax liability	-$164K	-1.32K	-6.88%	$124.84	17.8K	May 16, 2023	Direct	F2
transaction	EA	Common Stock	Options Exercise		+2.19K	+12.32%		20K	May 16, 2023	Direct	F3
transaction	EA	Common Stock	Tax liability	-$136K	-1.09K	-5.44%	$124.84	18.9K	May 16, 2023	Direct	F2
transaction	EA	Common Stock	Options Exercise		+9.77K	+51.7%		28.7K	May 16, 2023	Direct	F3
transaction	EA	Common Stock	Tax liability	-$471K	-3.77K	-13.15%	$124.84	24.9K	May 16, 2023	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EA	Performance-based Restricted Stock Units	Options Exercise		-848	-4.52%		17.9K	May 16, 2023	Common Stock	848		Direct	F1, F4
transaction	EA	Performance-based Restricted Stock Units	Other		-17.9K	-100%		0	May 16, 2023	Common Stock	17.9K		Direct	F1, F5
transaction	EA	Restricted Stock Units	Options Exercise		-2.65K	-100%		0	May 16, 2023	Common Stock	2.65K		Direct	F3, F6
transaction	EA	Restricted Stock Units	Options Exercise		-2.19K	-33.33%		4.38K	May 16, 2023	Common Stock	2.19K		Direct	F3, F7
transaction	EA	Restricted Stock Units	Options Exercise		-9.77K	-50%		9.77K	May 16, 2023	Common Stock	9.77K		Direct	F3, F8

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

Explanation of Responses:

Id	Content
F1	Each Performance-Based Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of Performance-Based Restricted Stock Units in shares of common stock on their scheduled vesting date.
F2	Represents shares of common stock withheld to satisfy tax withholding requirements upon the vesting of this award.
F3	Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of Restricted Stock Units in shares of common stock on their scheduled vesting date.
F4	Vesting of this award depends on EA's relative total stockholder return. 16% of the target number of Performance-Based Restricted Stock Units vested from this tranche based on actual performance.
F5	Represents the portion of unearned Performance-Based Restricted Stock Units cancelled in accordance with their terms.
F6	This award is fully vested.
F7	This award has vested or will vest as to one-half on May 16, 2022, with the remainder of the award vesting in approximately equal increments every six months thereafter until the award is fully vested on May 16, 2024.
F8	Restricted Stock Units shall vest as to one-half on May 16, 2023, with the remainder of the award vesting in approximately equal increments every six months thereafter until the award is fully vested on May 16, 2025.