Peter J. Nolan - 13 Oct 2023 Form 4 Insider Report for Activision Blizzard, Inc.

Footnote F1

On October 13, 2023, Issuer completed the previously announced transaction with Microsoft Corporation, a Washington corporation ("Microsoft"), pursuant to the Agreement and Plan of Merger, dated as of January 18, 2022 (as amended, supplemented or otherwise modified from time to time, the "Merger Agreement"), by and among Issuer, Microsoft and Anchorage Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Microsoft ("Merger Sub"), providing for the merger of Merger Sub with and into Issuer (the "Merger"), with Issuer surviving the Merger as a wholly owned subsidiary of Microsoft.

Footnote F2

Reflects the disposition pursuant to the Merger Agreement, as of the effective time of the Merger (the "Effective Time"), of the following Issuer securities for $95.00 in cash per share/unit: (a) 75,527 shares of common stock and (b) 2,248 restricted stock units that vested as of the Effective Time in accordance with their terms.

Footnote F3

Reporting person and his spouse are the trustees and beneficiaries of the Nolan Family Trust, a revocable living trust.

Footnote F4

Reflects the disposition pursuant to the Merger Agreement, as of the Effective Time, of shares of Issuer's common stock for $95.00 in cash per share.

Footnote F5

Reporting person owns and controls the general partner of Nolan 2007 Family Partnership LP, a family limited partnership, the remaining ownership of which is split among three trusts for the benefit of reporting person's children.

Footnote F6

Reporting person owns and controls the general partner of Nolan II Family Partnership LP, a family limited partnership, the remaining ownership of which is split among three trusts for the benefit of reporting person's children.

Footnote F7

Reporting person is the managing member of MIROEL Investments, LLC, the ownership of which is split among three trusts for the benefit of reporting person's children and the Nolan Family Trust.