Dave & Buster's (NASDAQ: PLAY) grants 100K options to interim CEO

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Dave & Buster's Entertainment, Inc. director Kevin M. Sheehan received a grant of stock options to acquire 100,000 shares of common stock at an exercise price of $18.72 per share. The contingent options were granted on May 1, 2025 in connection with his service as interim chief executive officer.

The grant was subject to shareholder approval of the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan at the annual meeting held on June 18, 2025. Following shareholder approval of the plan, all 100,000 underlying shares vested immediately and the options became exercisable, and will expire on May 1, 2027 if not exercised.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SHEEHAN KEVIN M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	100,000	$0.00	--

Holdings After Transaction: Stock Option (Right to Buy) — 100,000 shares (Direct, null)

Footnotes (1)

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Key Figures

Stock options granted: 100,000 options Exercise price: $18.72 per share Total options after grant: 100,000 options +3 more

6 metrics

Stock options granted 100,000 options Grant to Kevin M. Sheehan in connection with interim CEO service

Exercise price $18.72 per share Exercise price for the 100,000 stock options

Total options after grant 100,000 options Total derivative securities owned following the reported transaction

Grant date May 1, 2025 Date the contingent stock option was granted

Vesting trigger date June 18, 2025 Annual meeting when shareholders approved the 2025 Omnibus Incentive Plan

Option expiration date May 1, 2027 Scheduled expiration for the stock option grant

Key Terms

Stock Option (Right to Buy), contingent stock option, 2025 Omnibus Incentive Plan, annual meeting of shareholders

4 terms

Stock Option (Right to Buy) financial

"security_title: "Stock Option (Right to Buy)""

contingent stock option financial

"Represents a contingent stock option granted to the reporting person"

2025 Omnibus Incentive Plan financial

"subject to shareholder approval of the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan"

An omnibus incentive plan is a company-wide program that authorizes awards of pay tied to performance and retention—such as stock options, restricted shares, cash bonuses and other rewards—here labeled for the year it was adopted (2025). Investors care because it affects how much ownership can be issued, dilutes existing shareholders, and aligns executives’ and employees’ incentives with company goals, similar to giving team members a stake in the outcome.

annual meeting of shareholders financial

"at the Issuer's annual meeting of shareholders held on June 18, 2025"

A yearly gathering where a company’s owners (shareholders) vote on key items like electing the board, approving executive pay, and ratifying auditors, and receive updates on performance and strategy. Think of it as an annual town hall for owners: it matters to investors because outcomes and disclosures can affect leadership, corporate direction, dividend and governance policies, and therefore the company’s risk and potential return.

Form 4 Insider Transactions: What Each Field Means →

04/23/2026 - 04:30 PM

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^*

SHEEHAN KEVIN M

(Last)

(First)

(Middle)

1221 S. BELT LINE RD., SUITE 500

(Street)

COPPELL

TEXAS

75019

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

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

2a. Foreign Trading Symbol

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy)	$18.72	06/18/2025⁽¹⁾		A		100,000		06/18/2025	05/01/2027	Common Stock	100,000	$0	100,000	D

Explanation of Responses:

1. Represents a contingent stock option granted to the reporting person on May 1, 2025, in connection with the reporting person's service as interim chief executive officer of Dave & Buster's Entertainment, Inc. (the "Issuer"), that was subject to shareholder approval of the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan (the "Plan") at the Issuer's annual meeting of shareholders held on June 18, 2025. The shares underlying this stock option immediately vested following shareholder approval of the Plan and became exercisable.

	Sherri M. Smith, Attorney-in-Fact	04/23/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Kevin M. Sheehan report in this Dave & Buster's (PLAY) Form 4?

Kevin M. Sheehan reported receiving a grant of stock options for 100,000 shares of Dave & Buster's common stock. These options were granted as compensation related to his role as interim chief executive officer and are exercisable at $18.72 per share, subject to plan terms.

What are the key terms of Kevin Sheehan's 100,000 Dave & Buster's stock options?

The grant covers 100,000 stock options with an exercise price of $18.72 per share. The options were contingent on shareholder approval of the 2025 Omnibus Incentive Plan, vested immediately after that approval, and are scheduled to expire on May 1, 2027 if not exercised.

When did Kevin Sheehan’s Dave & Buster's stock options vest and become exercisable?

The options vested and became exercisable immediately after shareholders approved the 2025 Omnibus Incentive Plan at the June 18, 2025 annual meeting. Before this approval, the stock option grant was contingent and not exercisable by the reporting person.

Why were Kevin Sheehan’s options tied to the 2025 Omnibus Incentive Plan at Dave & Buster's (PLAY)?

The stock options were granted in connection with Kevin Sheehan’s service as interim chief executive officer and were issued under the 2025 Omnibus Incentive Plan. Because of this structure, the grant required shareholder approval of the plan before vesting and becoming exercisable.

What is the expiration date of Kevin Sheehan’s Dave & Buster's stock option grant?

The stock option grant is scheduled to expire on May 1, 2027. If the options are not exercised by that date, the right to purchase the 100,000 underlying shares of Dave & Buster's common stock at $18.72 per share will lapse.