Jacob J. Schatz - Jun 17, 2024 Form 4 Insider Report for ELECTRONIC ARTS INC. (EA)

Role
EVP, Global Affairs and CLO
Signature
/s/ Deborah Berenjfoorosh, Attorney-in-Fact For Jacob J. Schatz
Stock symbol
EA
Transactions as of
Jun 17, 2024
Transactions value $
-$136,618
Form type
4
Date filed
6/20/2024, 06:31 PM
Previous filing
May 20, 2024
Next filing
Jul 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EA Common Stock Sale -$34K -250 -0.8% $135.83 31.1K Jun 17, 2024 Direct F1, F2
transaction EA Common Stock Sale -$95.8K -700 -2.25% $136.84 30.4K Jun 17, 2024 Direct F1, F3
transaction EA Common Stock Sale -$6.87K -50 -0.16% $137.49 30.3K Jun 17, 2024 Direct F1

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 Award +21.8K 21.8K Jun 17, 2024 Common Stock 21.8K Direct F4, F5
* 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 This sale was effected pursuant to a 10b5-1 trading plan established by Mr. Schatz on May 11, 2023.
F2 Weighted average sale price for common stock sold. Actual sales price for shares sold ranged from $135.31 to $136.29. 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.
F3 Weighted average sale price for common stock sold. Actual sales price for shares sold ranged from $136.44 to $137.39. 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 Each Restricted Stock Unit represents the right to receive, at settlement, one share of Electronic Arts Inc. common stock.
F5 Restricted Stock Units shall vest as to one-third on May 17, 2025, with the remainder of the award vesting in approximately equal increments every six months thereafter until the award is fully vested on May 17, 2027.