FORM 5
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

KOTICK ROBERT A
2. Issuer Name and Ticker or Trading Symbol

Activision Blizzard, Inc. [ATVI]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Executive Officer
(Last)          (First)          (Middle)

C/O ACTIVISION BLIZZARD, INC.,  2701 OLYMPIC BOULEVARD, BUILDING B
3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY)
12/31/2022 
(Street)

SANTA MONICA, CA 90404
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed(MM/DD/YYYY)
 
6. Individual or Joint/Group Filing(Check Applicable Line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date2A. Deemed Execution Date, if any3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount(A) or (D)Price
Common Stock, par value $0.000001 per share 3/4/2022  G 20735 (1)D$0 0 (2)I By GRATs (3)
Common Stock, par value $0.000001 per share        3924881 (4)(5)D  
Common Stock, par value $0.000001 per share        1 I By ASAC II LLC (6)
Common Stock, par value $0.000001 per share        2 I By Delmonte Investments, LLC (7)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YYYY)
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) Represents the distribution of shares of Issuer's common stock from a grantor retained annuity trust for benefit of reporting person's children, of which reporting person was the trustee, to the 31427N Trust.
(2) In addition to the distribution referenced in footnote (1), reflects distribution of 16,183 shares of Issuer's common stock to reporting person on 3/4/2022 for estate planning purposes from reporting person's grantor retained annuity trust for benefit of reporting person's children, of which reporting person was the trustee.
(3) Shares were held by grantor retained annuity trust for benefit of reporting person's children, of which reporting person was the trustee.
(4) Includes 16,183 shares received as referenced in footnote (2).
(5) Reporting person no longer has a reportable beneficial interest in 4,800 shares of Issuer's common stock included in reporting person's prior ownership reports as indirectly owned through UTMAs for the benefit of minor children and as to which reporting person disclaimed beneficial ownership except to extent of his pecuniary interest therein.
(6) Reporting person and Brian G. Kelly are managers of ASAC II LLC, and reporting person disclaims beneficial ownership of Issuer's common stock held by ASAC II LLC except to extent of his pecuniary interest therein.
(7) Reflects shares of Issuer's common stock indirectly beneficially owned through Delmonte Investments, LLC, of which reporting person is a member and manager.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
KOTICK ROBERT A
C/O ACTIVISION BLIZZARD, INC.
2701 OLYMPIC BOULEVARD, BUILDING B
SANTA MONICA, CA 90404
X
Chief Executive Officer

Signatures
/s/ Robert A. Kotick2/13/2023
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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