[Form 4] Lucky Strike Entertainment Corp Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lucky Strike Entertainment Corp (LUCK): A company insider who is a Director, Chief Executive Officer, and 10% owner reported acquiring 1,122 Restricted Stock Units on 11/04/2025 (Transaction Code A). The RSUs correspond to 1,122 shares of Class B Common Stock.
The RSUs vest if the Class A Common Stock closing price equals or exceeds $17.50 for any 10 trading days within a consecutive 20‑trading day period on or before the 5‑year anniversary of the acquisition closing; otherwise they are forfeited at that 5‑year mark. Following the transaction, the insider beneficially owned 4,919,056 derivative securities, held directly. Class B shares are convertible into Class A on a one‑to‑one basis under specified conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shannon Thomas F.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,122 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 4,919,056 shares (Direct)
Footnotes (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. 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.
FAQ
What did LUCK’s insider report on Form 4?
An insider acquired 1,122 Restricted Stock Units on 11/04/2025 (Code A).
What triggers vesting for LUCK’s newly reported RSUs?
Vesting occurs if Class A closes at or above $17.50 for any 10 trading days within a 20-day period before the 5-year anniversary of the acquisition closing.
What is the underlying security for the RSUs reported by LUCK?
The RSUs correspond to 1,122 shares of Class B Common Stock.
How many derivative securities does the insider hold after the transaction?
Beneficial ownership of derivative securities is 4,919,056, held directly.
How can LUCK’s Class B Common Stock convert to Class A?
It is convertible one‑to‑one at the holder’s option and automatically upon specified events, including falling below 10% beneficial ownership and certain other conditions.
What is the insider’s relationship to LUCK?
The reporting person is a Director, Chief Executive Officer, and 10% owner.