Jeremi Gorman boosts GameSquare (GAME) stake with share buy and RSU grant

Rhea-AI Filing Summary

GameSquare Holdings director Jeremi Gorman increased her equity exposure through a mix of open-market buying and RSU activity. On September 19, 2025, she purchased 65,897 shares of common stock in the open market at $0.76 per share.

On December 4, 2025, 100,000 RSUs vested and settled into 100,000 common shares, and she received a one-time grant of 100,000 new RSUs under the Omnibus Equity Incentive Plan. Following these transactions, she directly holds 165,897 common shares and 100,000 RSUs, each RSU representing a right to one share of common stock.

Insights

Equity compensation and insider-trading analyst

Director combines open-market buying with RSU vesting and a fresh grant, modestly increasing long-term alignment.

Director Jeremi Gorman made a meaningful open-market purchase of 65,897 common shares at $0.76 per share on September 19, 2025. This is a discretionary cash outlay, often viewed as a stronger signal than automatic equity awards.

On December 4, 2025, 100,000 RSUs vested into common stock, and she received a one-time grant of 100,000 additional RSUs at $0.00 exercise price under the Omnibus Plan. She now holds 165,897 shares plus 100,000 RSUs, so her exposure is primarily via equity rather than derivatives, but the filing does not quantify this stake relative to shares outstanding.

Insider Trade Summary

Net Buyer: 65,897 shares ($50,082)

Net Buy 4 txns

Insider Gorman Jeremi

Role null

Bought 65,897 shs ($50K)

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	100,000	$0.00	--
Exercise	Restricted Stock Units	100,000	$0.00	--
Exercise	Common Stock	100,000	$0.00	--
Purchase	Common Stock	65,897	$0.76	$50K

Holdings After Transaction: Restricted Stock Units — 100,000 shares (Direct, null); Common Stock — 165,897 shares (Direct, null)

Footnotes (1)

1. Represents shares acquired on vesting and settlement of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's common stock. Reflects the one-time grant under the Issuer's Amended and Restated Omnibus Equity Incentive Plan ("Omnibus Plan") on December 4, 2025 of 100,000 RSUs, which vest on the grant date and will convert into one share of Issuer's common stock.

Key Figures

Open-market purchase: 65,897 shares at $0.76/share RSUs vested: 100,000 RSUs One-time RSU grant: 100,000 RSUs at $0.00 +2 more

5 metrics

Open-market purchase 65,897 shares at $0.76/share Common stock bought on September 19, 2025

RSUs vested 100,000 RSUs Converted into 100,000 common shares on December 4, 2025

One-time RSU grant 100,000 RSUs at $0.00 Grant under Omnibus Equity Incentive Plan on December 4, 2025

Shares owned after transactions 165,897 shares Direct common stock holdings following December 4, 2025 events

RSUs outstanding after grant 100,000 RSUs Restricted stock units held after the one-time grant

Key Terms

Restricted Stock Units, Omnibus Equity Incentive Plan, open-market purchase, derivative security

4 terms

Restricted Stock Units financial

"Represents shares acquired on vesting and settlement of restricted stock units ("RSUs")."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Omnibus Equity Incentive Plan financial

"one-time grant under the Issuer's Amended and Restated Omnibus Equity Incentive Plan ("Omnibus Plan")"

A single, company-wide plan that lets a business grant different kinds of stock-based pay — such as stock options, shares that vest over time, or other equity awards — to employees, directors and consultants. It matters to investors because it determines how much of the company can be paid out in shares, how quickly those shares enter the market, and how well employees are motivated to grow the business; think of it as a toolbox or menu for paying with ownership stakes that can dilute existing holders and affect company performance.

open-market purchase financial

"Purchase in open market or private transaction"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gorman Jeremi

(Last) (First) (Middle)

C/O GAMESQUARE HOLDINGS, INC.

6775 COWBOYS WAY, STE. 1335

(Street)

FRISCO TEXAS 75034

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/19/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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
Common Stock	09/19/2025		P		65,897	A	$0.76	65,897	D
Common Stock	12/04/2025		M		100,000	A	(1)	165,897	D

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	(2)	12/04/2025		A		100,000		(3)	(3)	Common Stock	100,000	$0	100,000	D
Restricted Stock Units	(2)	12/04/2025		M		100,000		(3)	(3)	Common Stock	100,000	$0	0	D

Explanation of Responses:

1. Represents shares acquired on vesting and settlement of restricted stock units ("RSUs").

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

3. Reflects the one-time grant under the Issuer's Amended and Restated Omnibus Equity Incentive Plan ("Omnibus Plan") on December 4, 2025 of 100,000 RSUs, which vest on the grant date and will convert into one share of Issuer's common stock.

	/s/ Jeremi Gorman	04/24/2026
	** 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 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 Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider share purchase did GameSquare (GAME) director Jeremi Gorman make?

Jeremi Gorman bought 65,897 shares of GameSquare common stock in an open-market transaction at $0.76 per share. This purchase increased her direct share ownership and reflects a discretionary investment beyond standard equity compensation grants and vesting events disclosed in the same filing.

How many GameSquare (GAME) shares does Jeremi Gorman own after these transactions?

After the reported transactions, Jeremi Gorman directly holds 165,897 shares of GameSquare common stock. She also holds 100,000 restricted stock units, each representing a contingent right to receive one additional share, creating a combined position of owned shares plus equity-based awards.

What restricted stock unit (RSU) activity did GameSquare (GAME) report for Jeremi Gorman?

GameSquare reported that 100,000 RSUs vested and converted into 100,000 common shares for Jeremi Gorman. The filing also shows a one-time grant of 100,000 new RSUs under the Omnibus Equity Incentive Plan, which vest on the grant date and convert into common stock.

What is the significance of the one-time 100,000 RSU grant to Jeremi Gorman at GameSquare (GAME)?

The one-time grant awards 100,000 RSUs to Jeremi Gorman under GameSquare’s Omnibus Equity Incentive Plan. These RSUs vest on the grant date and convert into common stock, adding a sizeable equity-based component to her compensation and aligning her interests with future share performance.

At what prices were Jeremi Gorman’s GameSquare (GAME) transactions executed?

The open-market purchase of 65,897 GameSquare shares was executed at $0.76 per share. The RSU vesting and grant involve a conversion or exercise price of $0.00, reflecting standard equity incentive mechanics where no cash payment is required to receive the underlying shares.