Lucky Strike Entertainment Corp (LUCK) CEO receives 1,196 RSUs tied to Bowlero acquisition terms

Rhea-AI Filing Summary

Lucky Strike Entertainment Corp reported that Chief Executive Officer and 10% owner Shannon Thomas F. received a grant of 1,196 Restricted Stock Units (RSUs) tied to Class B Common Stock. Following this award, his holdings of these RSUs totaled 4,920,252 units.

The RSUs were issued under the Business Combination Agreement related to Lucky Strike’s acquisition of Bowlero Corp. They will vest only if the Class A Common Stock closing price reaches or exceeds $17.50 per share for at least 10 trading days within any 20‑day period before the fifth anniversary of the acquisition closing; otherwise, they are forfeited at that time.

The Class B Common Stock underlying the RSUs is convertible into Class A Common Stock on a one‑for‑one basis at the holder’s option, and will automatically convert upon specific events, including Mr. Shannon’s beneficial ownership falling below 10%, certain employment or life events, or the fifteenth anniversary of the acquisition closing.

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

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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^*

Shannon Thomas F.

(Last) (First) (Middle)

C/O LUCKY STRIKE ENTERTAINMENT CORP.

7313 BELL CREEK ROAD

(Street)

MECHANICSVILLE VIRGINIA 23111

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Lucky Strike Entertainment Corp [ LUCK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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

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	(1)	03/24/2026		A		1,196		(1)	12/15/2026	Class B Common Stock(2)	1,196	(1)	4,920,252	D

Explanation of Responses:

1. The Restricted Stock Units ("RSUs") were received pursuant to the terms of the Business Combination Agreement in connection with the acquisition by the Issuer of Bowlero Corp. (the "Acquisition"). The RSUs will vest if the closing share price of the Class A Common Stock equals or exceeds $17.50 per share for any 10 trading days within any consecutive 20-trading day period on or prior to the 5-year anniversary of the closing date of the Acquisition, and will otherwise be forfeited on the 5-year anniversary of the closing of the Acquisition.

2. The shares of Class B Common Stock, par value $0.0001 per share ("Class B Common Stock") are convertible into shares of the Issuer's Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") at the option of the holder on a one-to-one basis, and will automatically convert to shares of Class A Common Stock upon (i) Mr. Shannon ceasing to beneficially own at least 10% of the Issuer's outstanding common stock, (ii) the death or disability of Mr. Shannon, (iii) the employment of Mr. Shannon as the CEO of the Issuer being terminated for cause, and (iv) the fifteenth anniversary of the closing of the Acquisition.

Remarks:

	/s/ Jason Cohen, as Attorney-in-fact	03/25/2026
	** 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 transaction did Lucky Strike (LUCK) report for Shannon Thomas F.?

Lucky Strike reported a grant of 1,196 Restricted Stock Units to CEO and 10% owner Shannon Thomas F. These RSUs relate to Class B Common Stock and were issued under a Business Combination Agreement connected to the company’s acquisition of Bowlero Corp.

What are the vesting conditions for the new Lucky Strike (LUCK) RSUs?

The RSUs vest only if Lucky Strike’s Class A Common Stock closing price equals or exceeds $17.50 per share for at least 10 trading days within any consecutive 20‑day period before the fifth anniversary of the acquisition closing, otherwise they are forfeited at that time.

How can Lucky Strike (LUCK) Class B Common Stock convert into Class A shares?

Class B Common Stock is convertible into Class A Common Stock on a one‑for‑one basis at the holder’s option. It will also automatically convert upon specific triggers, including loss of 10% beneficial ownership, certain employment or life events, or the fifteenth anniversary of the acquisition closing.

Over what time frame can Lucky Strike (LUCK) RSUs vest before forfeiture?

The RSUs can vest any time on or before the fifth anniversary of the acquisition closing date. Vesting requires Class A Common Stock to close at or above $17.50 for 10 trading days within any consecutive 20‑day trading period during that timeframe.

Does this Lucky Strike (LUCK) Form 4 show an open‑market stock purchase or sale?

No. The filing reports a grant or award acquisition of 1,196 Restricted Stock Units, not an open‑market buy or sell. The transaction price per unit is listed as zero, reflecting a compensation‑related equity award rather than a cash purchase or sale.

What is Shannon Thomas F.’s total RSU holding after this Lucky Strike (LUCK) grant?

After this grant, the Form 4 shows Shannon Thomas F. holding 4,920,252 RSUs of this type. Each RSU represents underlying Class B Common Stock, which is convertible into Class A Common Stock on a one‑for‑one basis under the terms described in the filing.