Eric Kelly - May 20, 2023 Form 4 Insider Report for ELECTRONIC ARTS INC. (EA)

Role
Chief Accounting Officer
Signature
/s/ Deborah Berenjfoorosh, Attorney-in-Fact For: Eric Kelly
Stock symbol
EA
Transactions as of
May 20, 2023
Transactions value $
-$15,708
Form type
4
Date filed
5/23/2023, 07:00 PM
Previous filing
May 18, 2023
Next filing
May 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EA Common Stock Options Exercise +360 +4.57% 8.24K May 20, 2023 Direct F1
transaction EA Common Stock Tax liability -$15.7K -125 -1.52% $125.66 8.11K May 20, 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 Stock Units Options Exercise -360 -8.38% 3.94K May 20, 2023 Common Stock 360 Direct F1, F3
transaction EA Performance-based Stock Units Other -1.07K -27.23% 2.87K May 20, 2023 Common Stock 1.07K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance-Based Stock Unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of Performance-Based 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 Vesting of this award depends on EA's net bookings and operating income performance. 25.2% of the target number of Performance-Based Stock Units vested from this tranche based on actual performance.
F4 Represents the portion of Performance-Based Stock Units unearned and cancelled in accordance with their terms.