[Form 4/A] GameSquare Holdings, Inc. Amended Insider Trading Activity

Rhea-AI Filing Summary

GameSquare Holdings, Inc. (GAME) CEO and director Justin Kenna filed an amended Form 4 to clarify his equity awards. On July 11, 2025, he was granted 464,863 restricted stock units (RSUs) under the company’s Omnibus Equity Incentive Plan as part of a long-term incentive program, vesting 25% on the grant date, 37.5% on the first anniversary, and 37.5% on the second anniversary. He also received a one-time grant of 225,000 RSUs under his employment agreement that vest immediately.

Each RSU represents a contingent right to receive one share of GameSquare common stock, and Kenna held 689,863 derivative securities following these grants, reported as directly owned. The amendment removes previously reported stock options that the board later determined could not be validly granted because the number of shares authorized for issuance under the company’s certificate of incorporation was insufficient, so no option agreements were executed and the options were never formally issued.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Kenna Justin

(Last) (First) (Middle)

C/O GAMESQUARE HOLDINGS, INC.

6775 COWBOYS WAY, STE. 1335

(Street)

FRISCO TX 75034

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GameSquare Holdings, Inc. [ GAME ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
07/15/2025

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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 Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(1)(5)	(2)	07/11/2025		A		464,863		(3)	(3)	Common Stock	464,863	$0(1)	464,863	D
Restricted Stock Units(1)(5)	(2)	07/11/2025		A		225,000		(4)	(4)	Common Stock	225,000	$0(1)	689,863	D

Explanation of Responses:

1. The grant was made pursuant to the Issuer's Amended and Restated Omnibus Equity Incentive Plan ("Omnibus Plan").

2. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.

3. On July 11, 2025 (the "Grant Date"), the Reporting Person was granted 464,863 restricted stock units ("RSUs"), each representing a contingent right to receive one share of the Issuer's common stock. The grant were made as part of the Issuer's long-term incentive program and vest as follows: 25% on the Grant Date, 37.5% on the first anniversary of the Grant Date, and 37.5% on the second anniversary of the Grant Date.

4. Reflects the one-time grant on July 11, 2025 of 225,000 RSUs, which will convert into one share of Issuer's common stock, pursuant to the Reporting Person's Employment Agreement, and which vest immediately.

5. On July 15, 2025, the Reporting Person filed a Form 4 (the "Original Form 4") to report the grant to the Reporting Person of (i) the RSUs described in footnotes 3 and 4 and (ii) options to purchase an aggregate of 1,045,712 shares of common stock, pursuant to the Issuer's long-term incentive program, and options to purchase an aggregate of 150,000 shares of common stock, pursuant to the Reporting Person's Employment Agreement (collectively, the "Options"). Subsequent to the approval of the Options by the Issuer's Board of Directors (the "Board"), on November 14, 2025, the Board determined that the Options could not be validly granted under the Omnibus Plan because the number of shares then authorized for issuance under the Issuer's certificate of incorporation was insufficient. Accordingly, no option agreements were executed, and the Options were never formally issued. This amended Form 4 amends the Original Form 4 to remove the Options from Table II.

	/s/ Justin Kenna	11/18/2025
	** Signature of Reporting Person	Date
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