Armin Zerza - Mar 30, 2022 Form 4 Insider Report for Activision Blizzard, Inc. (ATVI)

Signature
/s/ Armin Zerza
Stock symbol
ATVI
Transactions as of
Mar 30, 2022
Transactions value $
-$766,592
Form type
4
Date filed
4/1/2022, 06:32 PM
Previous filing
Nov 8, 2021
Next filing
Jun 3, 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 -$506K -6.3K -3% $80.36 204K Mar 30, 2022 Direct F1
transaction ATVI Common Stock, par value $0.000001 per share Tax liability -$43K -535 -0.26% $80.36 203K Mar 30, 2022 Direct F2
transaction ATVI Common Stock, par value $0.000001 per share Tax liability -$41.9K -522 -0.26% $80.36 202K Mar 30, 2022 Direct F3
transaction ATVI Common Stock, par value $0.000001 per share Tax liability -$33K -411 -0.2% $80.36 201K Mar 30, 2022 Direct F4, F5
transaction ATVI Common Stock, par value $0.000001 per share Tax liability -$142K -1.78K -0.88% $80.11 200K Mar 31, 2022 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 30, 2022, 16,474 performance-vesting restricted stock units held by Mr. Zerza vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 6,300 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations. 2,082 performance-vesting restricted stock units under this award previously reported by Mr. Zerza at target performance did not vest and were forfeited.
F2 On March 30, 2022, 1,078 performance-vesting restricted stock units held by Mr. Zerza vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 535 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations.
F3 On March 30, 2022, 1,051 performance-vesting restricted stock units held by Mr. Zerza vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 522 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations.
F4 On March 30, 2022, 828 performance-vesting restricted stock units held by Mr. Zerza vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 411 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations. 99 performance-vesting restricted stock units under this award previously reported by Mr. Zerza at target performance did not vest and were forfeited.
F5 An additional 606 performance-vesting restricted stock units previously reported by Mr. Zerza did not vest.
F6 On March 31, 2022, 3,583 restricted stock units held by Mr. Zerza vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 1,777 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations.
F7 Following the transactions reported on this Form 4, Mr. Zerza held (a) 13,469 shares of the Company's common stock, (b) 163,378 performance-vesting restricted stock units, each representing the right to receive one share of the Company's common stock, and (c) 22,739 restricted share 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 200,625 shares of the Company's common stock. The number of performance-vesting restricted stock units assumes, as previously disclosed, target performance for each performance-vesting restricted stock unit grant.