Earnout RSUs at Lucky Strike (LUCK) tied to $17.50 share price

Rhea-AI Filing Summary

Lucky Strike Entertainment Corp reported an equity compensation grant involving 1,196 Restricted Stock Units, each tied to an equal number of shares of Class A Common Stock. This is classified as a grant or award acquisition, not an open-market trade.

The RSUs are structured as earnout shares that vest only if the Class A share price reaches or exceeds $17.50 for any 10 trading days within a consecutive 20‑trading‑day period. If these performance conditions are not met within five years after closing, the right to these shares is forfeited. Following the grant, the reporting holder’s derivative position in this award series is 4,920,888 units, making this a small, routine addition to an existing stake.

Insights

Equity compensation analyst

Routine performance-based RSU grant with price hurdles, not a market trade.

The filing shows a grant of 1,196 Restricted Stock Units linked to Class A Common Stock for a reporting holder already showing 4,920,888 units after the grant. The transaction code A confirms it is a compensation-related award, not an open-market buy or sell.

The footnote explains these are earnout shares that vest only if the stock trades at or above $17.50 for 10 days within a 20‑day window, before the five‑year anniversary. If not achieved, the units are forfeited. This structure ties upside directly to sustained share-price performance and is typical for merger-related incentives.

Because this is a small incremental award relative to the existing position and involves no cash transaction, it is best viewed as routine alignment of incentives rather than a signal about near‑term trading intentions or outlook.

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^*

A-B Parent LLC

(Last) (First) (Middle)

C/O ATAIROS MANAGEMENT, L.P.

40 MORRIS AVENUE, STE 300

(Street)

BRYN MAWR PENNSYLVANIA 19010

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

2a. Foreign Trading Symbol

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

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	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)	(1)	Class A Common Stock	1,196	(1)	4,920,888(1)	D

1. Name and Address of Reporting Person^*

A-B Parent LLC

(Last) (First) (Middle)

C/O ATAIROS MANAGEMENT, L.P.

40 MORRIS AVENUE, STE 300

(Street)

BRYN MAWR PENNSYLVANIA 19010

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Atairos Group, Inc.

(Last) (First) (Middle)

C/O ATAIROS MANAGEMENT, L.P.

40 MORRIS AVENUE, STE 300

(Street)

BRYN MAWR PENNSYLVANIA 19010

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Atairos Partners, L.P.

(Last) (First) (Middle)

C/O ATAIROS MANAGEMENT, L.P.

40 MORRIS AVENUE, STE 300

(Street)

BRYN MAWR PENNSYLVANIA 19010

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Atairos Partners GP, Inc.

(Last) (First) (Middle)

C/O ATAIROS MANAGEMENT, L.P.

40 MORRIS AVENUE, STE 300

(Street)

BRYN MAWR PENNSYLVANIA 19010

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Angelakis Michael J

(Last) (First) (Middle)

C/O ATAIROS MANAGEMENT, L.P.

40 MORRIS AVENUE, STE 300

(Street)

BRYN MAWR PENNSYLVANIA 19010

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Wagner Rachael A.

(Last) (First) (Middle)

C/O ATAIROS MANAGEMENT, L.P.

40 MORRIS AVENUE, STE 300

(Street)

BRYN MAWR PENNSYLVANIA 19010

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. Reflects shares of Class A Common Stock (the "Earnout Shares") issuable pursuant to the Merger Agreement between the Issuer and Bowlero Corp. (the "Merger Agreement"). The Earnout Shares vest to the extent that the closing per share price of Class A Common Stock is greater than or equal to $17.50 for any 10 trading days within any consecutive 20-trading day period. The Earnout Shares are subject to certain adjustments, as set forth in the Merger Agreement. If the conditions are not met and the shares have not vested as of the 5-year anniversary of the Closing, the right to these Earnout Shares will be forfeited.

Remarks:

This Form 4 is being filed by more than one Reporting Person. Atairos Group, Inc. ("Atairos Inc.") is the sole member of A-B Parent LLC ("A-B Parent"). Atairos Partners, L.P. ("AP"), is the sole voting shareholder of Atairos Inc. Atairos Partners GP, Inc. ("APGP", and together with Atairos Inc., A-B Parent, and AP, the "Atairos Entities") is the general partner of AP. Michael J. Angelakis directly or indirectly controls a majority of the voting power of APGP. Michael J. Angelakis is the Chairman and Chief Executive Officer of Atairos Management, L.P. and Rachael Wagner is a Partner of Atairos Management, L.P. and each serves as a representative of the Atairos Entities on the Board of Directors of the Issuer, and as such, each of the Atairos Entities may be deemed a director by deputization of the Issuer. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, hers or its pecuniary interest therein.

	A-B Parent LLC /s/ David Caplan Name: David Caplan Title: Vice President	03/24/2026
	Atairos Group, Inc. /s/ David Caplan David Caplan Name: David Caplan Title: Vice President	03/24/2026
	Atairos Partners, L.P. /s/ David Caplan David Caplan Name: David Caplan Title: Vice President	03/24/2026
	Atairos Partners GP, Inc. /s/ David Caplan David Caplan Name: David Caplan Title: Vice President	03/24/2026
	Michael J. Angelakis /s/ David Caplan, attorney-in-fact for Michael J. Angelakis	03/24/2026
	Rachael Wagner /s/ David Caplan, attorney-in-fact for Rachael Wagner	03/24/2026
	** 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 on this Form 4?

Lucky Strike reported a grant of 1,196 Restricted Stock Units linked to Class A Common Stock. This award is a compensation-related acquisition, not an open-market purchase or sale, and increases an already large derivative position.

How do the Lucky Strike (LUCK) earnout RSUs vest under this grant?

The earnout RSUs vest only if the Class A share price is at least $17.50 for any 10 trading days within a consecutive 20‑trading‑day period. If that performance hurdle is never met, the units do not vest.

What happens to the Lucky Strike (LUCK) earnout shares if conditions are not met?

If the vesting conditions are not met by the five-year anniversary of the merger closing, the right to the earnout shares is forfeited. In that case, the reporting holder would not receive the underlying Class A Common Stock.

How large is the insider’s RSU position in Lucky Strike (LUCK) after this grant?

After the grant, the filing shows 4,920,888 derivative units in this award line. The 1,196 new RSUs represent a small addition to that existing position, indicating this is a routine, incremental compensation event.

Does this Lucky Strike (LUCK) Form 4 indicate insider buying or selling in the market?

No. The transaction is coded as a grant or award acquisition of Restricted Stock Units at no cash exercise price. It reflects equity compensation with performance-based vesting rather than an open-market buy or sell of existing shares.