Stuart Canfield - Feb 15, 2024 Form 4 Insider Report for ELECTRONIC ARTS INC. (EA)

Role
Chief Financial Officer
Signature
/s/ Deborah Berenjfoorosh, Attorney-in-Fact For: Stuart Canfield
Stock symbol
EA
Transactions as of
Feb 15, 2024
Transactions value $
-$319,719
Form type
4
Date filed
2/20/2024, 05:40 PM
Previous filing
Dec 1, 2023
Next filing
May 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EA Common Stock Other $21.2K +223 +4.87% $94.96 4.8K Feb 15, 2024 Direct F1
transaction EA Common Stock Options Exercise +2.5K +52.12% 7.3K Feb 16, 2024 Direct F2
transaction EA Common Stock Tax liability -$131K -906 -12.41% $144.05 6.39K Feb 16, 2024 Direct F3
transaction EA Common Stock Sale -$210K -1.5K -23.46% $140.26 4.89K Feb 20, 2024 Direct F4, F5

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 Restricted Stock Units Options Exercise -2.5K -33.34% 5K Feb 16, 2024 Common Stock 2.5K Direct F2, F6
* 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 of common stock acquired under the Electronic Arts 2000 Employee Stock Purchase Plan on February 15, 2024.
F2 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.
F3 Represents shares of common stock withheld to satisfy tax withholding requirements upon the vesting of this award.
F4 This sale was effected pursuant to a 10b5-1 trading plan established by Mr. Canfield on August 30, 2023.
F5 Weighted average sale price for common stock sold. Actual sales price for shares sold ranged from $1140.11 to $140.47. 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.
F6 The remainder of the award vesting in approximately equal increments every six months after February 16, 2023 until the award is fully vested on February 16, 2025.