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GameSquare CEO awarded 52K options and RSUs

GameSquare Holdings, Inc. (GAME) CEO and Director Justin Kenna received 52,313 options with a $3.31 exercise price; they vested fully on September 18, 2026, and expire September 18, 2031.

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

GameSquare Holdings, Inc. (GAME) CEO and Director Justin Kenna received 52,313 options with a $3.31 exercise price; they vested fully on September 18, 2026, and expire September 18, 2031. He also received 52,313 RSUs, which vest on that date and convert into one common share each. Separately, the report records settlements of 52,313 RSUs granted September 18 and 21,791 granted July 11, 2025; resulting common shares are held indirectly through Kenna Holdings Inc. His direct common holdings following the transactions were 14,416 shares.

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Insider Kenna Justin
Role CEO and Director
Type Security Shares Price Value
Grant/Award Options to Purchase Common Stock F4 52,313 $0.00 $0.00
Grant/Award Restricted Stock Units F3, F5 52,313 $0.00 $0.00
Exercise Restricted Stock Units F3, F5 52,313 $0.00 $0.00
Exercise Restricted Stock Units F3, F6 21,791 $0.00 $0.00
Exercise Common Stock F2, F7 52,313 -- --
Exercise Common Stock F6, F7 21,791 -- --
holding Options to Purchase Common Stock F1 -- -- --
holding Restricted Stock Units F1 -- -- --
holding Common Stock F1 -- -- --
holding Common Stock F1, F7 -- -- --
Holdings After Transaction: Options to Purchase Common Stock — 384,069 contracts (Direct); Restricted Stock Units — 115,541 contracts (Direct); Common Stock — 570,670 shares (Indirect, See Footnote); Common Stock — 14,416 shares (Direct)
Footnotes (7)
  1. F1. Balance from prior Form 4 updated to reflect 1 for 8 reverse stock split which occurred on August 24, 2026.
  2. F2. Represents shares acquired on vesting and settlement of restricted stock units ("RSUs") granted to the Reporting Person on September 18, 2026.
  3. F3. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
  4. F4. Reflects the one-time grant under the Issuer's 2024 Stock Incentive Plan, as amended, on September 18, 2026 (the "Grant Date"), of options to purchase an aggregate of 52,313 shares of the Issuer's Common Stock, each representing a contingent right to receive one share of the Issuer's Common Stock. The grant vests in full on the Grant Date.
  5. F5. Reflects the one-time grant under the Issuer's 2024 Stock Incentive Plan, as amended, on September 18, 2026, of 52,313 RSUs, which vest on the Grant Date and will convert into one share of Issuer's Common Stock.
  6. F6. Represents shares acquired on vesting and settlement of RSUs granted to the Reporting Person on July 11, 2025.
  7. F7. Shares are held indirectly by Justin Kenna through Kenna Holdings Inc. Justin Kenna is the sole director and shareholder of Kenna Holdings Inc.
Options granted 52,313 options Granted September 18, 2026; vested fully on the grant date
Option exercise price $3.31 per share Options granted September 18, 2026
Option expiration date September 18, 2031 Options granted September 18, 2026
RSUs granted 52,313 RSUs Granted and vested September 18, 2026; each represents a contingent right to one common share
RSUs settled 52,313 RSUs Granted September 18, 2026; resulting common shares are held indirectly through Kenna Holdings Inc.
RSUs settled 21,791 RSUs Granted July 11, 2025; resulting common shares are held indirectly through Kenna Holdings Inc.
Direct common-stock holdings 14,416 shares Reported following the transactions on September 18, 2026
restricted stock units financial
"settlement of restricted stock units ("RSUs") granted"
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.
contingent right financial
"Each RSU represents a contingent right to receive one share"
vesting and settlement financial
"shares acquired on vesting and settlement of restricted stock units"
reverse stock split financial
"1 for 8 reverse stock split which occurred on August 24, 2026"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What awards did GAME CEO Justin Kenna receive?

Justin Kenna received 52,313 options and 52,313 RSUs on September 18, 2026. The options vested fully on the grant date, and the RSUs vested on that date and represent a right to receive one common share each.

What are the exercise price and expiration date of Kenna’s GAME options?

The 52,313 options have an exercise price of $3.31 per share and expire on September 18, 2031. They vested fully on September 18, 2026.

How many GAME shares came from RSU settlements?

The transactions report settlements of 52,313 RSUs granted September 18, 2026, and 21,791 RSUs granted July 11, 2025. The resulting common shares are held indirectly through Kenna Holdings Inc.

How many GAME common shares did Justin Kenna hold directly after the transactions?

The reported direct common-stock balance following the transactions was 14,416 shares. A footnote says the prior Form 4 balance was updated to reflect a 1-for-8 reverse stock split that occurred August 24, 2026.

Were the reported GAME transactions made under a Rule 10b5-1 plan?

No Rule 10b5-1 plan is reported; the plan checkbox is unchecked.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
Kenna Justin

(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO and Director
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/18/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock(1)14,416D
Common Stock(1)248,283ISee Footnote(7)
Common Stock09/18/2026M52,313A(2)300,596ISee Footnote(7)
Common Stock09/18/2026M21,791A(6)322,387ISee Footnote(7)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Options to Purchase Common Stock(1)(1) (1) (1)Common Stock(1)165,878D
Options to Purchase Common Stock$3.3109/18/2026A52,313 (4)09/18/2031Common Stock52,313$0218,191D
Restricted Stock Units(1)(1) (1) (1)Common Stock(1)68,666D
Restricted Stock Units(3)09/18/2026A52,313 (5) (5)Common Stock52,313$0120,979D
Restricted Stock Units(3)09/18/2026M52,313 (5) (5)Common Stock52,313$068,666D
Restricted Stock Units(3)09/18/2026M21,791 (6) (6)Common Stock21,791$046,875D
Explanation of Responses:
1. Balance from prior Form 4 updated to reflect 1 for 8 reverse stock split which occurred on August 24, 2026.
2. Represents shares acquired on vesting and settlement of restricted stock units ("RSUs") granted to the Reporting Person on September 18, 2026.
3. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
4. Reflects the one-time grant under the Issuer's 2024 Stock Incentive Plan, as amended, on September 18, 2026 (the "Grant Date"), of options to purchase an aggregate of 52,313 shares of the Issuer's Common Stock, each representing a contingent right to receive one share of the Issuer's Common Stock. The grant vests in full on the Grant Date.
5. Reflects the one-time grant under the Issuer's 2024 Stock Incentive Plan, as amended, on September 18, 2026, of 52,313 RSUs, which vest on the Grant Date and will convert into one share of Issuer's Common Stock.
6. Represents shares acquired on vesting and settlement of RSUs granted to the Reporting Person on July 11, 2025.
7. Shares are held indirectly by Justin Kenna through Kenna Holdings Inc. Justin Kenna is the sole director and shareholder of Kenna Holdings Inc.
/s/ Justin Kenna09/22/2026
** 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 Number.
* Form 4: SEC 1474 (03-26)

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