Andrew Wilson - 31 Jul 2023 Form 4 Insider Report for ELECTRONIC ARTS INC. (EA)

Role
CEO and Board Chair, Director
Signature
/s/ Deborah Berenjfoorosh, Attorney-in-Fact For: Andrew Wilson
Issuer symbol
EA
Transactions as of
31 Jul 2023
Net transactions value
-$682,984
Form type
4
Filing time
02 Aug 2023, 17:08:22 UTC
Previous filing
27 Jun 2023
Next filing
10 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EA Common Stock Sale $439,479 -3,225 -3.9% $136.27 79,584 31 Jul 2023 By Family Trust F2, F3
transaction EA Common Stock Sale $243,506 -1,775 -2.2% $137.19 77,809 31 Jul 2023 By Family Trust F2, F4, F5
holding EA Common Stock 24,242 31 Jul 2023 By Trust F1
holding EA Common Stock 24,242 31 Jul 2023 By Trust F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares are held in trust for the benefit of Mr. Wilson's descendants. Mr. Wilson maintains investment control over the shares held in this trust.
F2 This sale was effected pursuant to a 10b5-1 trading plan established by Mr. Wilson and the Wilson Family Trust on August 31, 2022.
F3 Weighted average sale price for common stock sold. Actual sales price for shares sold ranged from $135.88 to $136.86. Electronic Arts Inc. undertakes to provide to the staff of the S.E.C. or a security holder full information regarding the number of shares purchased or sold at each separate price.
F4 Weighted average sale price for common stock sold. Actual sales price for shares sold ranged from $136.99 to $137.56. Electronic Arts Inc. undertakes to provide to the staff of the S.E.C. or a security holder full information regarding the number of shares purchased or sold at each separate price.
F5 Shares are held by the Wilson Family 2015 Trust. Mr. Wilson has investment control over, and pecuniary interest in, all shares held by the Wilson Family 2015 Trust.