Hendrik J. Hartong III - 27 Aug 2021 Form 4 Insider Report for Activision Blizzard, Inc.

Footnote F1

This transaction was effected at the direction of the investment manager of a managed account in the name of a trust for the benefit of the reporting person's spouse, over which the reporting person had no investment control, without the reporting person's knowledge. The reporting person only recently became aware of the managed account's transactions in ATVI securities and the trustee of the trust on whose behalf the trades were made has, again, directed the investment manager not to engage in any transactions in ATVI securities. Because the reporting person has no investment control over the managed account, the reporting person disclaims beneficial ownership of securities held in the account, and the filing of this Form 4 shall not be construed as an admission that the reporting person beneficially owns issuer securities held or traded in the account or is required to report the account's holdings and transactions under Section 16 of the Securities Exchange Act of 1934, as amended.

Footnote F2

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $82.17 to $82.49, inclusive. The reporting person undertakes to provide to Activision Blizzard, Inc., any security holder of Activision Blizzard, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased or sold, as applicable, at each separate price within the ranges set forth in footnotes (2 through 14) to this Form 4.

Footnote F3

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $78.47 to $78.83, inclusive.

Footnote F4

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $78.09 to $78.17, inclusive.

Footnote F5

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $78.35 to $78.53, inclusive.

Footnote F6

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $74.26 to $74.43, inclusive.

Footnote F7

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.67 to $75.04, inclusive.

Footnote F8

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.67 to $75.36

Footnote F9

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.83 to $76.18, inclusive.

Footnote F10

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.54 to $77.69, inclusive.

Footnote F11

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $61.82 to $61.98, inclusive.

Footnote F12

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $59.16 to $59.33, inclusive.

Footnote F13

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $58.45 to $58.73, inclusive.

Footnote F14

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $61.17 to $61.49, inclusive.

Footnote F15

The transactions reported in this Form 4, if deemed subject to Section 16, would have resulted in recoverable profits of $5,031.68. Although the reporting person disclaims beneficial ownership of securities held in the managed account, the reporting person has voluntarily paid to the Company $5,031.68, representing the full amount of the profit realized.

Footnote F16

Mr. Hartong holds (a) 35,830 shares of the Company's common stock and (b) 2,683 restricted stock units, each representing the right to receive one share of the Company's common stock.