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Insider Trading Arrangements
3 Months Ended 9 Months Ended
Dec. 31, 2023
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Dec. 31, 2023
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Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
Our Section 16 officers and directors, as defined in Rule 16a-1(f) of the Securities Exchange Act of 1934 (the “Exchange Act”), may from time to time enter into plans for the purchase or sale of our common stock that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act. During the quarter ended December 31, 2023, the following Section 16 officers and directors adopted, modified, or terminated “Rule 10b5-1 trading arrangements” (as defined in Item 408 of Regulation S-K of the Exchange Act):

On December 8, 2023, ZelnickMedia Corporation (“ZelnickMedia”) and ZMC Advisors, L.P. (“ZMC Advisors” and, collectively with ZelnickMedia, “ZMC”) adopted a new written trading plan. Pursuant to our Management Agreement with ZMC, Strauss Zelnick, a partner of each of ZelnickMedia and ZMC Advisors, serves as our Executive Chairman and Chief Executive Officer, and Karl Slatoff, a partner of each of ZelnickMedia and ZMC Advisors, serves as our President.
With respect to sales by ZelnickMedia, the plan’s maximum duration is until April 26, 2024 and the first trade will not occur until April 12, 2024, at the earliest. The trading plan is intended to permit ZelnickMedia to sell 51% of vested shares of our common stock pursuant to certain Restricted Stock Units that will vest, or fail to vest, on April 12, 2024.
With respect to sales by ZMC Advisors, the plan’s maximum duration is until June 14, 2024 and the first trade will not occur until May 31, 2024, at the earliest. The trading plan is intended to permit ZMC Advisors to sell 51% of vested shares of our common stock pursuant to certain Restricted Stock Units that will vest, or fail to vest, on May 31, 2024.
On December 8, 2023, Karl Slatoff, our President, adopted a new written trading plan. The plan’s maximum duration is until June 3, 2025 and the first trade will not occur until April 15, 2024, at the earliest. The trading plan is intended to permit Mr. Slatoff to make one or more share donations equal to the lesser of (i) up to an aggregate of 14,716 shares of our common stock and (ii) up to an aggregate of $2,500,000 worth of shares of our common stock.
On December 8, 2023, Daniel Emerson, our Executive Vice President and Chief Legal Officer, adopted a new written trading plan. The plan’s maximum duration is until December 31, 2024 and the first trade will not occur until June 3, 2024, at the earliest. The trading plan is intended to permit Mr. Emerson to sell up to an aggregate of 75% of net vested shares of our common stock pursuant to certain Restricted Stock Units that will vest, or fail to vest, on May 31, 2024.

No other Section 16 officers or directors, as defined in Rule 16a-1(f), adopted, modified, or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Item 408 of Regulation S-K, during the three months ended December 31, 2023.
Non-Rule 10b5-1 Arrangement Adopted false  
Rule 10b5-1 Arrangement Terminated false  
Non-Rule 10b5-1 Arrangement Terminated false  
Strauss Zelnick [Member]    
Trading Arrangements, by Individual    
Name Strauss Zelnick  
Title Executive Chairman and Chief Executive Officer  
Non-Rule 10b5-1 Arrangement Adopted true  
Adoption Date December 8, 2023  
Karl Slatoff [Member]    
Trading Arrangements, by Individual    
Name Karl Slatoff  
Title President  
Non-Rule 10b5-1 Arrangement Adopted true  
Adoption Date December 8, 2023  
Arrangement Duration 414 days  
Aggregate Available 14,716 14,716
Daniel Emerson [Member]    
Trading Arrangements, by Individual    
Name Daniel Emerson  
Title Executive Vice President and Chief Legal Officer  
Non-Rule 10b5-1 Arrangement Adopted true  
Adoption Date On December 8, 2023  
Arrangement Duration 211 days  
Strauss Zelnick, ZelnickMedia [Member]    
Trading Arrangements, by Individual    
Arrangement Duration 14 days  
Strauss Zelnick, ZMC Advisors [Member]    
Trading Arrangements, by Individual    
Arrangement Duration 14 days