GameSquare (GAME) CEO Justin Kenna receives 1,045,712 stock options at $0.31
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GameSquare Holdings, Inc. CEO and director Justin Kenna reported a series of equity awards and RSU conversions dated July 10, 2026. An entity he controls, Kenna Holdings Inc., acquired common shares upon vesting and settlement of restricted stock units. Kenna also received stock options to purchase 1,045,712 and 150,000 shares at an exercise price of $0.3100 per share, expiring July 10, 2031; the larger grant vests 62.5% on the grant date and 37.5% on the first anniversary, while the 150,000-share grant vested immediately. In addition, he received a one-time grant of 150,000 RSUs that vested and settled on the grant date, and he continues to hold common stock both directly and indirectly.
Positive
- None.
Negative
- None.
Insider Trade Summary
150,000 shares exercised/converted
Mixed
7 txns
Insider
Kenna Justin
Role
CEO and Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 150,000 | $0.00 | -- |
| Exercise | Restricted Stock Units | 150,000 | $0.00 | -- |
| Grant/Award | Options to Purchase Common Stock | 1,045,712 | $0.00 | -- |
| Grant/Award | Options to Purchase Common Stock | 150,000 | $0.00 | -- |
| Exercise | Common Stock | 150,000 | -- | -- |
| Exercise | Common Stock | 174,324 | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 699,323 shares (Direct);
Options to Purchase Common Stock — 1,177,023 shares (Direct);
Common Stock — 1,811,936 shares (Indirect, See Footnote);
Common Stock — 115,321 shares (Direct)
Footnotes (1)
- Represents shares acquired on vesting and settlement of restricted stock units ("RSUs"). Represents shares acquired upon vesting and settlement of RSUs granted to the Reporting Person on July 11, 2025. 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 2024 Stock Incentive Plan, as amended, on July 10, 2026 (the "Grant Date") of 150,000 RSUs, each representing the right to receive one share of the Issuer's common stock. The RSUs vested and settled on the Grant Date. On July 10, 2026, the Reporting Person was granted options to purchase an aggregate of 1,045,712 shares of the Issuer's Common Stock pursuant to the Issuer's 2024 Stock Incentive Plan, each representing a contingent right to receive one share of the Issuer's Common Stock. The grant vests as follows: 62.5% on the Grant Date and 37.5% on the first anniversary of the Grant Date. Reflects the one-time grant under the Reporting Person's Employment Agreement, on July 10, 2026 of stock options to purchase an aggregate of 150,000 shares of the Issuer's Common Stock. The stock options vested immediately on July 10, 2026. Shares are held indirectly by Justin Kenna through Kenna Holdings Inc. Justin Kenna is the sole director and shareholder of Kenna Holdings Inc.
Key Figures
Option grant size (2024 Plan): 1,045,712 shares
Employment agreement option grant: 150,000 shares
Option exercise price: $0.3100 per share
+4 more
7 metrics
Option grant size (2024 Plan)
1,045,712 shares
Stock options to purchase common stock granted July 10, 2026 under the 2024 Stock Incentive Plan
Employment agreement option grant
150,000 shares
One-time stock option grant under the Employment Agreement on July 10, 2026
Option exercise price
$0.3100 per share
Exercise price for stock options granted to Justin Kenna on July 10, 2026
Option expiration date
July 10, 2031
Expiration date for stock options granted on July 10, 2026
RSU one-time grant size
150,000 units
Restricted Stock Units granted on July 10, 2026 that vested and settled on the grant date
Direct common shares held
115,321 shares
Common stock held directly by Justin Kenna following transactions on July 10, 2026
RSUs outstanding after transactions
699,323 units
Restricted Stock Units held directly by Justin Kenna after July 10, 2026 activity
Key Terms
Restricted Stock Units, 2024 Stock Incentive Plan, contingent right to receive one share, Exercise or conversion of derivative security
4 terms
Restricted Stock Units financial
"Represents shares acquired on vesting and settlement of restricted stock units"
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.
2024 Stock Incentive Plan financial
"Reflects the one-time grant under the Issuer's 2024 Stock Incentive Plan"
Exercise or conversion of derivative security financial
"transaction code description "Exercise or conversion of derivative security""
FAQ
What equity awards did GameSquare (GAME) CEO Justin Kenna receive on July 10, 2026?
Justin Kenna received stock options for 1,045,712 shares and an additional 150,000 shares at a $0.3100 exercise price, expiring July 10, 2031. He also received a one-time grant of 150,000 RSUs that vested and settled on the grant date.
What are the key terms of Justin Kenna’s new GameSquare (GAME) stock options?
Kenna’s options allow purchase of 1,045,712 shares and a further 150,000 shares of common stock at $0.3100 per share, expiring on July 10, 2031. The 1,045,712-share grant vests 62.5% on the grant date and 37.5% one year later; the 150,000-share grant vested immediately.
How are restricted stock units treated in Justin Kenna’s GameSquare (GAME) Form 4?
Each RSU represents a contingent right to receive one GameSquare common share. The filing notes shares acquired on vesting and settlement of RSUs granted earlier and a one-time grant of 150,000 RSUs on July 10, 2026 that fully vested and settled that same day.
What indirect holdings are disclosed for Justin Kenna in GameSquare (GAME)?
Some GameSquare common shares are held indirectly through Kenna Holdings Inc.. The footnotes state that Justin Kenna is the sole director and shareholder of Kenna Holdings Inc., so acquisitions reported as indirect are attributed to that controlled entity.