GameSquare (GAME) insider reports 150,000 RSU grant and share vesting transaction

Rhea-AI Filing Summary

GameSquare Holdings director Paul Hamilton reported equity compensation activity involving restricted stock units and common shares.

On December 4, 2025, he received a one-time grant of 150,000 restricted stock units (RSUs) under the company’s Amended and Restated Omnibus Equity Incentive Plan. These RSUs vested on the grant date and converted into 150,000 shares of GameSquare common stock, which are reported as directly owned.

The filing also reports 503,003 shares of common stock as indirectly owned through AEV Esports, LLC, where Hamilton is President and Chief Executive Officer and may be deemed to share voting and dispositive control over those shares.

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^*

Hamilton Paul

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/04/2025

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

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
Common Stock	12/04/2025		M		150,000	A	(1)	150,000	D
Common Stock								503,003	I	See Footnote(4)

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		150,000		(3)	(3)	Common Stock	150,000	$0	150,000	D
Restricted Stock Units	(2)	12/04/2025		M		150,000		(3)	(3)	Common Stock	150,000	$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 150,000 RSUs, which vest on the grant date and will convert into one share of Issuer's common stock.

4. Reflects securities held directly by AEV Esports, LLC. The Reporting Person is the President and Chief Executive Officer of AEV Esports, LLC and may be deemed to share voting and dispositive control over the shares held by AEV Esports, LLC.

	/s/ Paul Hamilton	12/08/2025
	** 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.

FAQ

What insider transaction did GameSquare (GAME) report for Paul Hamilton?

The filing shows that director Paul Hamilton received a one-time grant of 150,000 restricted stock units (RSUs) on December 4, 2025, which vested immediately and converted into 150,000 shares of GameSquare common stock reported as directly owned.

How many GameSquare (GAME) RSUs were granted and vested for Paul Hamilton?

Paul Hamilton was granted 150,000 restricted stock units, and the filing states that these RSUs vest on the grant date and convert into one share of common stock each, resulting in 150,000 GameSquare shares.

What does each GameSquare (GAME) restricted stock unit represent?

According to the disclosure, each restricted stock unit represents a contingent right to receive one share of GameSquare’s common stock, delivered upon vesting and settlement.

Under which equity plan were Paul Hamilton’s GameSquare (GAME) RSUs granted?

The 150,000 RSUs reported for Paul Hamilton were granted as a one-time award under GameSquare’s Amended and Restated Omnibus Equity Incentive Plan, with vesting occurring on the grant date.

What indirect ownership in GameSquare (GAME) does Paul Hamilton report?

The filing reports 503,003 shares of GameSquare common stock as indirectly owned through AEV Esports, LLC. Hamilton is described as the President and Chief Executive Officer of AEV Esports, LLC and may be deemed to share voting and dispositive control over those shares.

How is Paul Hamilton’s GameSquare (GAME) ownership split between direct and indirect holdings?

Following the reported transaction, Paul Hamilton reports 150,000 GameSquare common shares as directly owned, stemming from vested RSUs, and 503,003 shares as indirectly owned through AEV Esports, LLC.