Vijayanthimala Singh - 16 May 2023 Form 4 Insider Report for ELECTRONIC ARTS INC. (EA)

Signature
/s/ Deborah Berenjfoorosh, Attorney-in-Fact For: Vijayanthimala Singh
Issuer symbol
EA
Transactions as of
16 May 2023
Net transactions value
-$807,091
Form type
4
Filing time
18 May 2023, 17:17:35 UTC
Previous filing
03 May 2023
Next filing
09 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EA Common Stock Options Exercise +848 +3.7% 23,803 16 May 2023 By Family Trust F1
transaction EA Common Stock Tax liability $36,703 -294 -1.2% $124.84 23,509 16 May 2023 By Family Trust F2
transaction EA Common Stock Options Exercise +2,651 +11% 26,160 16 May 2023 By Family Trust F3
transaction EA Common Stock Tax liability $114,478 -917 -3.5% $124.84 25,243 16 May 2023 By Family Trust F2
transaction EA Common Stock Options Exercise +2,191 +8.7% 27,434 16 May 2023 By Family Trust F3
transaction EA Common Stock Tax liability $135,701 -1,087 -4% $124.84 26,347 16 May 2023 By Family Trust F2
transaction EA Common Stock Options Exercise +9,767 +37% 36,114 16 May 2023 By Family Trust F3
transaction EA Common Stock Tax liability $520,208 -4,167 -12% $124.84 31,947 16 May 2023 By Family Trust F2, F4

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 -4.5% 17,923 16 May 2023 Common Stock 848 Direct F1, F5
transaction EA Performance-based Restricted Stock Units Other -17,923 -100% 0 16 May 2023 Common Stock 17,923 Direct F1, F6
transaction EA Restricted Stock Units Options Exercise -2,651 -100% 0 16 May 2023 Common Stock 2,651 Direct F3, F7
transaction EA Restricted Stock Units Options Exercise -2,191 -33% 4,383 16 May 2023 Common Stock 2,191 Direct F3, F8
transaction EA Restricted Stock Units Options Exercise -9,767 -50% 9,767 16 May 2023 Common Stock 9,767 Direct F3, F9
* 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 Shares are held by the Singh-Force Family Trust. Ms. Singh has investment control over, and pecuniary interest in, all shares held by the Singh-Force Family Trust.
F5 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.
F6 Represents the portion of unearned Performance-Based Restricted Stock Units cancelled in accordance with their terms.
F7 This award is fully vested.
F8 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.
F9 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.