Roberto Jacobo Isaias Zanatta - Apr 28, 2023 Form 4 Insider Report for MATTEL INC /DE/ (MAT)

Role: EVP & Chief Supply Chain Offr
Signature: /s/ Tiffani Magri, Attorney-in-Fact for Roberto Jacobo Isaias Zanatta
Stock symbol: MAT
Transactions as of: Apr 28, 2023
Transactions value $: -$54,522
Form type: 4
Date filed: 5/2/2023, 08:45 PM
Previous filing: Feb 9, 2023
Next filing: Aug 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MAT	Common Stock	Options Exercise		+6.11K	+5.27%		122K	Apr 28, 2023	Direct	F1
transaction	MAT	Common Stock	Tax liability	-$54.5K	-3.03K	-2.48%	$18.00	119K	Apr 28, 2023	Direct	F2

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	MAT	Restricted Stock Units	Options Exercise	$0	-6.11K	-33%	$0.00	12.4K	Apr 28, 2023	Common Stock	6.11K		Direct	F1
transaction	MAT	Restricted Stock Units	Award	$0	+42.8K		$0.00	42.8K	Apr 28, 2023	Common Stock	42.8K		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	As reported on a Form 4 dated April 29, 2022 and filed on May 3, 2022, the Reporting Person received a grant of 18,511 Restricted Stock Units ("RSUs" or "Units") on April 29, 2022. The RSUs vest as to (a) 33% of the Units granted on the first anniversary of the date of grant, (b) an additional 33% of the Units granted on the second anniversary of the date of grant, and (c) the remaining 34% of the Units granted on the third anniversary of the date of grant. On each vesting date, for each Unit vesting on such date, the Reporting Person will receive one share of Mattel, Inc. Common Stock, subject to tax withholding. On April 28, 2023, the first 33% of these RSUs vested, resulting in the issuance of 6,108 shares of Mattel, Inc. Common Stock.
F2	Pursuant to the terms of the April 29, 2022 RSU grant, 3,029 shares of Mattel, Inc. Common Stock were automatically withheld at vesting to cover required tax withholding.
F3	The RSUs were granted on April 28, 2023 pursuant to the Mattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation Plan, as amended (the "Plan"). Each Unit represents a contingent right to receive one share of Mattel, Inc. Common Stock (or, at the election of Mattel, Inc., a cash amount equal to the fair market value of such share).
F4	The RSUs vest as to (a) 33% of the Units granted on the first anniversary of the date of grant, (b) an additional 33% of the Units granted on the second anniversary of the date of grant, and (c) the remaining 34% of the Units granted on the third anniversary of the date of grant. On each vesting date, for each Unit vesting on such date, the Reporting Person will receive one share of Mattel, Inc. Common Stock (or, at the election of Mattel, Inc., a cash amount equal to the fair market value of one share of Common Stock on the date of vesting), subject to tax withholding.