Jesse Yang - 15 Dec 2022 Form 4 Insider Report for Activision Blizzard, Inc.

Role: Dep CFO, Comptr & Pr Acctg Off
Signature: /s/ Jesse Yang
Issuer symbol: N/A
Transactions as of: 15 Dec 2022
Net transactions value: -$483,651
Form type: 4
Filing time: 16 Dec 2022, 16:34:45 UTC
Previous filing: 15 Nov 2022
Next filing: 21 Dec 2022
SEC: View on sec.gov

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	$26,653	-349	-0.53%	$76.37	64,935	15 Dec 2022	Direct	F1
transaction	ATVI	Common Stock, par value $0.000001 per share	Tax liability	$451,652	-5,914	-9.1%	$76.37	59,021	15 Dec 2022	Direct	F2
transaction	ATVI	Common Stock, par value $0.000001 per share	Tax liability	$5,346	-70	-0.12%	$76.37	58,951	15 Dec 2022	Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	On December 15, 2022, 1,009 restricted stock units held by Mr. Yang vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 349 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations.
F2	On December 15, 2022, 12,415 restricted stock units held by Mr. Yang vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 5,914 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations.
F3	On December 15, 2022, 141 restricted stock units held by Mr. Yang vested. Pursuant to the terms of his restricted stock unit award agreement, the Company withheld 70 of the shares otherwise deliverable to him in order to satisfy the resulting tax withholding obligations.
F4	Following the transactions reported on this Form 4, Mr. Yang held (a) 8,416 shares of the Company's common stock, (b) 39,304 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 11,723 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.