Jesse Yang - Mar 10, 2022 Form 4 Insider Report for Activision Blizzard, Inc. (ATVI)

Role: Chief Accounting Officer
Signature: /s/ Jesse Yang
Stock symbol: ATVI
Transactions as of: Mar 10, 2022
Transactions value $: -$109,484
Form type: 4
Date filed: 3/14/2022, 07:05 PM
Previous filing: Mar 9, 2022
Next filing: Mar 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ATVI	Common Stock, par value $0.000001 per share	Tax liability	-$109K	-1.36K	-1.68%	$80.80	79.4K	Mar 10, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 10, 2022, 3,792 restricted stock units held by Mr. Yang vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 1,355 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations
F2	Following the transactions reported on this Form 4, Mr. Yang held (a) 9,799 shares of the Company's common stock, (b) 50,041 restricted stock units, each representing the right to receive one share of the Company's common stock, and (c) 19,580 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock. The actual number of aggregate shares earned in connection with the performance-vesting restricted stock units will depend on actual performance and will range from 0 to 20,302 shares of the Company's common stock. The number of performance-vesting restricted stock units assumes, as previously disclosed, maximum performance for grants prior to December 9, 2020, and assumes target performance for any awards thereafter.

Content

On March 10, 2022, 3,792 restricted stock units held by Mr. Yang vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 1,355 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations

Following the transactions reported on this Form 4, Mr. Yang held (a) 9,799 shares of the Company's common stock, (b) 50,041 restricted stock units, each representing the right to receive one share of the Company's common stock, and (c) 19,580 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock. The actual number of aggregate shares earned in connection with the performance-vesting restricted stock units will depend on actual performance and will range from 0 to 20,302 shares of the Company's common stock. The number of performance-vesting restricted stock units assumes, as previously disclosed, maximum performance for grants prior to December 9, 2020, and assumes target performance for any awards thereafter.