FilingsForm 4

ZMC Advisors, where Take-Two CEO Strauss Zelnick is a partner, sold $48.91 million of shares on May 30, 2025

From the public record1 min read

Published Oct 20, 2026 · 05:57 UTCFiled Jun 3, 2025

Value$48.91 million, held indirectly

Shares216,661, held indirectly

Average price$225.75

FiledJun 3

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

ZMC Advisors, L.P., of which Take-Two Interactive's Chairman and CEO Strauss Zelnick is a partner, sold 216,661 shares on May 30, 2025, for $48.91 million. The average price was $225.75 a share, and the form states 1,206,427 shares held indirectly by ZMC Advisors, L.P. after the last sale line. A footnote says the sales were made under a Rule 10b5-1 trading plan adopted by ZMC on November 12, 2024, to satisfy the tax obligations of ZMC's partners when restricted units vested. The sales are reported on Zelnick's Form 4, the form an insider files when trading the company's shares, filed with the SEC on Jun 3, 2025.1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

How each figure was checked15 facts

footnote F12: Mr. Zelnick is a partner of ZMC Advisors, L.P.Mr. Zelnick is a partner of ZMC Advisors, L.P.Footnotes of the Form 4 filed Jun 3, 2025 ↗
footnote F1: the sale of shares was by ZMCthe sale of shares by ZMCFootnotes of the Form 4 filed Jun 3, 2025 ↗
the reporting owner as signedStrauss ZelnickOur database
the owner's roledirector and officer (Chairman, CEO)Our database
the issuerTake-Two InteractiveOur database
the side of the tradesaleOur database
shares sold216,661Our database
value of the sale$48.91 millionOur database
how the shares were held3 sale lines held indirectly (By ZMC Advisors, L.P.)Our database
the sale lines by who held the sharesthe sale lines of this form, by who held the shares: By ZMC Advisors, L.P. (held indirectly): 216661 shares for 48910944.5627 USDOur database
day of the tradesMay 30, 2025Our database
average price of the sale$225.75Our database
shares held after the last sale lineafter the last sale line the form states 1206427 shares of Common Stock held indirectly (By ZMC Advisors, L.P.)Our database
footnote F4: the Rule 10b5-1 plan, its adoption date and its purposeNovember 12, 2024Footnotes of the Form 4 filed Jun 3, 2025 ↗
day the form was filedJun 3, 2025Our database

The record

Issuer: Take-Two Interactive (CIK 946581, filed as TAKE TWO INTERACTIVE SOFTWARE INC)
Form: 4
Accession: 0001127602-25-016455
Filed: Jun 3, 2025
Period of report: May 30, 2025
Reporting owner: Strauss Zelnick (CIK 1223489, filed as ZELNICK STRAUSS)
Relationship: director and officer (Chairman, CEO)
Rule 10b5-1 checkbox: Ticked
Line 1: S (sale) · 50,935 Common Stock at $224.9693 · May 30, 2025 · disposed, indirectly, By ZMC Advisors, L.P. · 1,372,153 held after · footnotes F1, F2, F3, F4 and F5
Line 2: S (sale) · 157,749 Common Stock at $225.965 · May 30, 2025 · disposed, indirectly, By ZMC Advisors, L.P. · 1,214,404 held after · footnotes F2, F3, F4 and F6
Line 3: S (sale) · 7,977 Common Stock at $226.4486 · May 30, 2025 · disposed, indirectly, By ZMC Advisors, L.P. · 1,206,427 held after · footnotes F2, F3, F4 and F7
Line 4: J (other acquisition or disposition) · 299,202 Common Stock at $0.00 · May 30, 2025 · disposed, indirectly, By ZMC Advisors, L.P. · 907,225 held after · footnote F8
Line 5: G (gift) · 135,985 Common Stock at $0.00 · May 30, 2025 · disposed, directly · 0 held after · footnote F9
Line 6: G (gift) · 135,985 Common Stock at $0.00 · May 30, 2025 · acquired, indirectly, By Zelnick Belzberg Living Trust · 326,495 held after · footnotes F9 and F10
Line 7: A (grant or award) · 372,577 Common Stock at $0.00 · Jun 2, 2025 · acquired, indirectly, By ZMC Advisors, L.P. · 1,279,802 held after · footnotes F11 and F12
Footnote F1: EXPLANATORY NOTE: This Form 4 relates to (i) the vesting of 515,863 restricted units previously granted to ZMC Advisors, L.P. ("ZMC") on June 1, 2022, June 1, 2023 and June 3, 2024 under the Management Agreement, dated effective May 23, 2022, between the issuer and ZMC (the "Management Agreement"), and the sale of shares of Common Stock by ZMC, in order to satisfy the tax obligations arising from such vesting, pursuant to a Rule 10b5-1 trading plan adopted on November 12, 2024 by ZMC, (ii) the distribution by ZMC to certain of its employees of 299,202 shares of Common Stock received by ZMC upon such vesting in accordance with the customary historical practices of ZMC, and (iii) the annual grant of restricted stock units to ZMC on June 2, 2025, in each case as further described below.
Footnote F2: All of the sales reported in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted on November 12, 2024 by ZMC related to the vesting of restricted units granted pursuant to the Management Agreement.
Footnote F3: These transactions are reported on separate lines due to the range of the sale prices.
Footnote F4: On May 30, 2025, 515,863 restricted units previously granted to ZMC vested. The reported sale transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on November 12, 2024 by ZMC, to satisfy the tax obligations of the partners of ZMC upon the vesting of such restricted units.
Footnote F5: Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $224.34 to $225.33, inclusive. Upon request, the Reporting Person undertakes to provide the full sale information regarding the number of shares sold at each price increment to the Commission, the issuer or any security holder of the issuer.
Footnote F6: Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $225.35 to $226.35, inclusive. Upon request, the Reporting Person undertakes to provide the full sale information regarding the number of shares sold at each price increment to the Commission, the issuer or any security holder of the issuer.
Footnote F7: Represents a weighted average sales price of shares sold in multiple transactions at sales prices ranging from $226.37 to $226.55, inclusive. Upon request, the Reporting Person undertakes to provide the full sale information regarding the number of shares sold at each price increment to the Commission, the issuer or any security holder of the issuer.
Footnote F8: On May 30, 2025, 515,863 restricted units previously granted to ZMC vested. Following such vest, ZMC distributed a total of 299,202 shares received upon vesting to its employees for no value, including 135,985 shares to Mr. Zelnick, which shares Mr. Zelnick had previously indirectly beneficially owned through ZMC.
Footnote F9: Mr. Zelnick received 135,985 shares pursuant to a distribution, as further described in Footnote (8) above, which receipt was exempt from Section 16 as such shares were previously held by Mr. Zelnick indirectly through ZMC. Mr. Zelnick then contributed such securities to the Zelnick/Belzberg Living Trust in exchange for no consideration.
Footnote F10: Represents 326,495 shares of Common Stock held by the Zelnick/Belzberg Living Trust (such securities are indirectly held by Mr. Zelnick), including 135,985 shares received by Mr. Zelnick pursuant to the distribution referred to in Footnote (8) above, which were then contributed to the Zelnick/Belzberg Living Trust. Mr. Zelnick disclaims beneficial ownership of the securities held by the Zelnick/Belzberg Living Trust except to the extent of his pecuniary interest therein.
Footnote F11: Represents the grant of 372,577 restricted units to ZMC pursuant to the Restricted Unit Agreement entered into by ZMC and the Company on June 2, 2025. Includes (a) 73,623 time-based restricted units, 24,541 of which units are scheduled to vest on June 1, 2026, 24,541 of which units are scheduled to vest on June 1, 2027, and 24,541 of which units are scheduled to vest on June 1, 2028, and (b) 298,954 performance-based restricted units (representing the maximum number of performance-based units that are eligible to vest) that are subject to vesting on June 1, 2028. Further information regarding the Restricted Unit Agreement and the restricted units, including the vesting schedule, is available in the Company's Registration Statement on Form S-3 filed with the Commission on June 2, 2025.
Footnote F12: Represents 1,279,802 restricted units held directly by ZMC Advisors, L.P., of which Mr. Zelnick is a partner (such securities are not held individually by Mr. Zelnick). Mr. Zelnick disclaims beneficial ownership of the securities held by ZMC Advisors, L.P. except to the extent of his pecuniary interest therein.
Footnote F13: Represents 39,051 shares of Common Stock held by the Wendy Jay Belzberg 2012 Family Trust (such securities are indirectly held by Mr. Zelnick). Mr. Zelnick disclaims beneficial ownership of the securities held by the Wendy Jay Belzberg 2012 Family Trust except to the extent of his pecuniary interest therein.