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Insider Trading Arrangements
3 Months Ended 9 Months Ended
Dec. 31, 2024
shares
Dec. 31, 2024
shares
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, 2024, the following Section 16 officers and directors, as defined in Rule 16a1(f), adopted, modified, or terminated “Rule 10b5-1 trading arrangements” (as defined in Item 408 of Regulation S-K of the Exchange Act):
On November 12, 2024, ZMC Advisors, L.P. (“ZMC Advisors”) adopted a new written trading plan. Pursuant to our Management Agreement with ZMC Advisors, Strauss Zelnick, a partner of ZMC Advisors, serves as our Executive Chairman and Chief Executive Officer, and Karl Slatoff, a partner of ZMC Advisors, serves as our President. The plan’s maximum duration is until June 13, 2025, and the first trade will not occur until May 30, 2025, at the earliest. The trading plan is intended to permit ZMC Advisors to sell 42% of vested shares of our common stock pursuant to certain Restricted Stock Units that will vest, or fail to vest, on May 30, 2025.
On November 27, 2024, Karl Slatoff, our President, adopted a new written trading plan. The plan’s maximum duration is until December 31, 2025, and the first trade will not occur until February 25, 2025, at the earliest. The trading plan is intended to permit Mr. Slatoff to sell up to an aggregate of 33,712 shares of our common stock.
On December 6, 2024, Michael Sheresky, a member of our Board of Directors, adopted a new written trading plan. The plan’s maximum duration is until November 28, 2025, and the first trade will not occur until March 6, 2025, at the earliest. The trading plan is intended to permit Mr. Sheresky to sell up to an aggregate of 752.5 shares of our common stock. The plan is designed to sell 50% of the restricted shares scheduled to vest in each of
February 2025, May 2025, August 2025 and November 2025 to cover the tax obligation associated with the shares vesting.
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, 2024.
Name Strauss Zelnick  
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    
Title Executive Chairman and Chief Executive Officer  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date November 12, 2024  
Expiration Date June 13, 2025  
Arrangement Duration 14 days  
Karl Slatoff [Member]    
Trading Arrangements, by Individual    
Name Karl Slatoff  
Title President  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date November 27, 2024  
Expiration Date December 31, 2025  
Arrangement Duration 414 days  
Aggregate Available 33,712 33,712
Michael Sheresky [Member]    
Trading Arrangements, by Individual    
Name Michael Sheresky  
Title member of our Board of Directors  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date December 6, 2024  
Expiration Date November 28, 2025  
Arrangement Duration 211 days  
Aggregate Available 752.5 752.5