LUCK CEO converts 3M Class B into Class A shares
Lucky Strike Entertainment Corp Chief Executive Officer and 10% owner Shannon Thomas F. reported an internal share conversion, not an open-market trade.
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Form Type
4
Rhea-AI Filing Summary
Lucky Strike Entertainment Corp Chief Executive Officer and 10% owner Shannon Thomas F. reported an internal share conversion, not an open-market trade. On May 13, 2026, he converted 3,000,000 shares of Class B Common Stock into 3,000,000 shares of Class A Common Stock on a one-to-one basis.
This transaction reflects an exercise or conversion of a derivative security with no reported purchase or sale for cash. Following the conversion, he directly held 5,364,000 Class A shares, while his reported Class B holdings were 55,519,437 shares, maintaining a very large overall equity position in the company.
Insider Trade Summary
3,000,000 shares exercised/converted
Exercise
2 txns
Insider
Shannon Thomas F.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Class B Common Stock | 3,000,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 3,000,000 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Common Stock — 55,519,437 contracts (Direct);
Class A Common Stock — 5,364,000 shares (Direct)
Footnotes (3)
- F1. Represents the conversion of Class B Common Stock (as defined below) into Class A Common Stock (as defined below) held of record by the Reporting Persons.
- F2. 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.
- F3. Represents shares of Class B Common Stock of the Issuer received in exchange for shares of capital stock of Bowlero. Corp ("Legacy Bowlero") in connection with the acquisition by the Issuer of Legacy Bowlero (the "Acquisition").
Key Figures
Class B to Class A conversion: 3,000,000 shares
Post-transaction Class A holdings: 5,364,000 shares
Post-transaction Class B holdings: 55,519,437 shares
+3 more
6 metrics
Class B to Class A conversion
3,000,000 shares
Class B converted into Class A on May 13, 2026
Post-transaction Class A holdings
5,364,000 shares
Direct Class A Common Stock after conversion
Post-transaction Class B holdings
55,519,437 shares
Direct Class B Common Stock after transaction
Par value per share
$0.0001
Par value of both Class A and Class B Common Stock
Exercise/Conversion transactions
2 entries
One non-derivative Class A entry and one derivative Class B entry
Exercise shares total
3,000,000 shares
exerciseShares from transaction summary
Key Terms
Class B Common Stock, Class A Common Stock, convertible, beneficially own at least 10%, +2 more
6 terms
Class B Common Stock financial
"The shares of Class B Common Stock, par value $0.0001 per share"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"convertible into shares of the Issuer's Class A Common Stock, par value $0.0001"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
convertible financial
"are convertible into shares of the Issuer's Class A Common Stock ... on a one-to-one basis"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
beneficially own at least 10% financial
"upon (i) Mr. Shannon ceasing to beneficially own at least 10% of the Issuer's outstanding common stock"
par value financial
"par value $0.0001 per share ("Class B Common Stock")"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
Acquisition financial
"the fifteenth anniversary of the closing of the Acquisition"
An acquisition is when one company buys control of another by purchasing its shares or assets and brings that business into its own operations. For investors, acquisitions matter because they can reshape a company’s future cash flow, growth and risk profile—like a homeowner adding an extension to increase space and value; a well-priced, well-integrated deal can boost returns, while an expensive or poorly merged one can hurt earnings and raise debt.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did LUCK CEO Shannon Thomas report on May 13, 2026?
Shannon Thomas reported converting 3,000,000 shares of Class B Common Stock into 3,000,000 shares of Class A Common Stock. This was an internal share conversion, not an open-market purchase or sale, and used a one-to-one conversion ratio.
What are the CEO’s reported Class B Common Stock holdings at LUCK?
The Form 4 shows the CEO with 55,519,437 shares of Class B Common Stock following the transaction. These Class B shares are convertible into Class A shares on a one-to-one basis under specified conditions described in the filing’s footnotes.
Was cash involved in the LUCK CEO’s May 2026 insider transaction?
The reported transaction is classified as an exercise or conversion of a derivative security with a stated price of $0.0000 per share. The Form 4 provides no indication of an open-market cash purchase or sale related to this 3,000,000-share Class B to Class A conversion.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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