[Form 4] Dave & Buster's Entertainment, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Dave & Buster's Entertainment, Inc. (PLAY) – Form 4 insider filing

Chief Financial Officer Darin Harper reported the acquisition of 17,335 shares of PLAY common stock on 06/18/2025. The shares were acquired at a stated price of $0.00, indicating they were most likely issued as part of an equity incentive award rather than an open-market purchase. Following the transaction, the CFO’s direct ownership increased to 53,073 shares.

No derivative security activity was disclosed in Table II, and there were no dispositions. The filing was signed by attorney-in-fact Sherri M. Smith on the same date.

Insider share accumulation—particularly by a senior financial executive—can be interpreted as a modestly positive governance signal, as it further aligns management incentives with shareholder value. However, the absolute size of the award is relatively small compared with PLAY’s public float and is unlikely to materially affect overall share supply or near-term valuation.

Positive

• CFO increased direct ownership by 17,335 shares, suggesting greater alignment with shareholders.
• No shares were sold, avoiding negative sentiment associated with insider disposals.

Negative

• Grant size is immaterial relative to total shares outstanding, so financial impact is negligible.

Insights

Equity Research Analyst

TL;DR: CFO granted 17.3k shares; alignment positive but financially immaterial.

The transaction is a routine equity award rather than an open-market buy, yet it increases the CFO’s stake by roughly 48% (35,738 → 53,073 shares). Increased insider ownership generally signals confidence and better alignment with public shareholders, but the share count equates to less than 0.1% of PLAY’s outstanding stock and therefore has negligible direct valuation impact. The filing contains no sales or derivative hedges, which keeps the signal clean. Overall, the event is modestly positive for sentiment but not fundamentally impactful to earnings, cash flow, or liquidity.

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^*

Harper Darin

(Last) (First) (Middle)

1221 S. BELT LINE RD., SUITE 500

(Street)

COPPELL TX 75019

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Dave & Buster's Entertainment, Inc. [ PLAY ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

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	06/18/2025		A		17,335	A	$0	53,073	D

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

Explanation of Responses:

	Sherri M. Smith, Attorney-in-Fact	06/18/2025
	** 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

How many PLAY shares did CFO Darin Harper acquire?

17,335 common shares were acquired on 06/18/2025.

What is Darin Harper's total PLAY share count after the transaction?

He now directly owns 53,073 shares.

Was there any sale of PLAY shares in this Form 4?

No, the filing reports only an acquisition; no dispositions were listed.

At what price were the shares acquired?

The stated acquisition price was $0.00, indicating an award rather than a market purchase.

Does this filing include derivative securities activity?

No derivative securities were reported in Table II of the Form 4.