[Form 3] CHOICEONE FINANCIAL Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Dave & Buster's Entertainment, Inc. (PLAY) – Form 4 insider filing

Senior Vice-President & Chief Legal Officer Rodolfo Rodriguez Jr. reported several equity awards dated 18 June and 27 June 2025:

• 1,295 restricted stock units (RSUs) granted on 27 June 2025 at no cost; these will vest in three equal annual tranches on 24 Apr 2026-2028.
• 8,830 stock options issued at strike prices of $34.50 (7,535 options) and $30.45 (1,295 options). The $34.50 awards were originally approved 8 Jan 2025 and became effective following shareholder approval of the 2025 Omnibus Incentive Plan on 18 Jun 2025; they vest in four and five equal annual instalments from 2026-2030. The new $30.45 grant vests in three equal tranches 2026-2028.
• Following the RSU grant, Rodriguez’s direct beneficial ownership rises to 13,770 common shares. All awards are held directly.

The filing reflects no open-market purchases or sales; all transactions are equity incentives designed to align executive interests with shareholder value. Because the grants are service-based and spread over multiple years, near-term share-count dilution is minimal.

Positive

• Alignment of interests: Service-based RSUs and options incentivise long-term performance.
• Governance compliance: Options contingent on shareholder-approved plan, indicating procedural rigor.

Negative

• Potential dilution: 8,830 new options add marginal dilution, though impact is immaterial.

Insights

Equity Compensation Analyst

TL;DR: Routine incentive grants; modest size, limited short-term impact.

The RSU and option awards total just under 10,000 shares, equating to <0.03% of PLAY’s ~48 million share base—immaterial for dilution. Vesting schedules are service-based, encouraging executive retention over five years. Absence of market sales removes any negative signalling. Strike prices are near recent trading ranges (≈$30-$35), so options only gain value if the stock appreciates. Overall, the filing is standard compensation practice with negligible immediate financial effect.

Corporate Governance Specialist

TL;DR: Shareholder-approved plan executed; governance procedures followed.

The options contingent on shareholder approval indicate proper governance. Grant sizes align with senior-officer norms and are disclosed promptly. No indication of preferential pricing or accelerated vesting. From a governance standpoint the disclosure is clean and consistent with best practices, signalling transparency but offering no material catalyst for valuation.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Krause Steven Theodore

(Last) (First) (Middle)

109 EAST DIVISION STREET

(Street)

SPARTA MI 49345

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/05/2025

3. Issuer Name and Ticker or Trading Symbol
CHOICEONE FINANCIAL SERVICES INC [ COFS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	36,775.1533	D
Common Stock	15,067.7408	I	By Trust
Common Stock	4,831	I	By grandchild
Common Stock	4,832	I	By grandchild
Common Stock	2,839	I	By grandchild

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Malaina W. Snyder, as Power of Attorney	07/08/2025
	** Signature of Reporting Person	Date
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 5 (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 Number.

FAQ

How many Dave & Buster's (PLAY) shares did the insider acquire?

The officer received 1,295 restricted stock units and no open-market share purchases.

What stock option amounts and strike prices were granted?

8,830 options: 7,535 at $34.50 and 1,295 at $30.45 exercise price.

When will the new RSUs and options vest?

RSUs vest 2026-2028. Options vest in annual tranches spanning 2026-2030, subject to continued service.

What is the insider's total direct ownership after these grants?

Post-grant, Rodolfo Rodriguez Jr. directly owns 13,770 PLAY common shares.

Does the filing indicate any insider selling?

No. All reported transactions were grants (code "A"); there were no dispositions.