Jesse Yang - Apr 29, 2022 Form 4 Insider Report for Activision Blizzard, Inc. (ATVI)

Role
Chief Accounting Officer
Signature
/s/ Jesse Yang
Stock symbol
ATVI
Transactions as of
Apr 29, 2022
Transactions value $
-$163,372
Form type
4
Date filed
5/3/2022, 04:20 PM
Previous filing
Mar 17, 2022
Next filing
May 9, 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 -$101K -1.34K -1.76% $75.60 74.7K Apr 29, 2022 Direct F1
transaction ATVI Common Stock, par value $0.000001 per share Tax liability -$62K -820 -1.11% $75.60 73.1K Apr 29, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 29, 2022, 3,877 performance-vesting restricted stock units held by Mr. Yang vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 1,341 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations. 1,306 performance-vesting restricted stock units under this award previously reported by Mr. Yang at maximum performance did not vest and were forfeited.
F2 On April 29, 2022, 2,369 performance-vesting restricted stock units held by Mr. Yang vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 820 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations. 797 performance-vesting restricted stock units under this award previously reported by Mr. Yang at maximum performance did not vest and were forfeited.
F3 Following the transaction reported on this Form 4, Mr. Yang held (a) 11,812 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) 11,231 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 11,953 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.