GameSquare CEO granted new stock options and RSUs

GameSquare Holdings, Inc. CEO and director Justin Kenna reported a series of equity awards and RSU conversions dated July 10, 2026.

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.

Insider Trade Summary

150,000 shares exercised/converted

Exercise 7 txns

Insider Kenna Justin

Role CEO and Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units F3, F4	150,000	$0.00	$0.00
Exercise	Restricted Stock Units F3, F4	150,000	$0.00	$0.00
Grant/Award	Options to Purchase Common Stock F5	1,045,712	$0.00	$0.00
Grant/Award	Options to Purchase Common Stock F6	150,000	$0.00	$0.00
Exercise	Common Stock F1, F7	150,000	--	--
Exercise	Common Stock F2, F1, F7	174,324	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 549,323 contracts (Direct); Options to Purchase Common Stock — 1,327,023 contracts (Direct); Common Stock — 1,986,260 shares (Indirect, See Footnote); Common Stock — 115,321 shares (Direct)

Footnotes (7)

1. F1. Represents shares acquired on vesting and settlement of restricted stock units ("RSUs").
2. F2. Represents shares acquired upon vesting and settlement of RSUs granted to the Reporting Person on July 11, 2025.
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 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.
5. F5. 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.
6. F6. 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.
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.

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"

contingent right to receive one share financial

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

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.

Did Justin Kenna sell any GameSquare (GAME) shares in this Form 4 filing?

No, the Form 4 shows only award and conversion transactions, with codes A and M indicating grants and derivative exercises. The transaction summary lists six acquisitions and no dispositions or sales, so no open-market selling is reported in this filing.

How many GameSquare (GAME) shares does Justin Kenna hold directly after these transactions?

Following the reported transactions, Justin Kenna holds 115,321 shares of GameSquare common stock directly. Additional common shares are held indirectly through Kenna Holdings Inc., an entity he wholly controls as sole director and shareholder, according to the footnotes.

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.

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

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Available on EDGAR 07/14/2026 - 05:42 PM Accepted by SEC EDGAR 07/14/2026 - 05:42 PM Learn about SEC filing dates

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^*

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2026

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	07/10/2026		M		150,000	A	(1)	1,811,936	I	See Footnote(7)
Common Stock(2)	07/10/2026		M		174,324	A	(1)	1,986,260	I	See Footnote(7)
Common Stock								115,321	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	(3)	07/10/2026		A		150,000		(4)	(4)	Common Stock	150,000	$0	699,323	D
Restricted Stock Units	(3)	07/10/2026		M			150,000	(4)	(4)	Common Stock	150,000	$0	549,323	D
Options to Purchase Common Stock	$0.31	07/10/2026		A		1,045,712		(5)	07/10/2031	Common Stock	1,045,712	$0	1,177,023	D
Options to Purchase Common Stock	$0.31	07/10/2026		A		150,000		(6)	07/10/2031	Common Stock	150,000	$0	1,327,023	D

Explanation of Responses:

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

2. Represents shares acquired upon vesting and settlement of RSUs granted to the Reporting Person on July 11, 2025.

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 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.

5. 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.

6. 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.

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 Kenna	07/14/2026
	** 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)