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

Rhea-AI Filing Summary

Dave & Buster’s Entertainment, Inc. (PLAY) filed a Form 4 reporting that Rodolfo Rodriguez Jr., SVP & Chief Legal Officer, acquired 8,695 shares of common stock on June 18 2025. The transaction is coded “A,” indicating an award or grant rather than an open-market purchase; the stated price is $0.00.

Following the grant, Rodriguez’s direct beneficial ownership rises to 12,475 shares. No derivative transactions were disclosed, and no dispositions occurred.

The filing does not reveal any accompanying cash outlay, performance conditions, or 10b5-1 plan usage. Given PLAY’s large public float, the transaction is immaterial to the company’s capital structure but may signal incremental insider alignment.

Positive

• Insider ownership increases by 8,695 shares, modestly aligning executive interests with shareholders.

Negative

• Grant priced at $0 indicates compensation rather than insider cash commitment, reducing its bullish signal.
• Share amount is immaterial versus PLAY’s float, limiting market relevance.

Insights

Securities Analyst

TL;DR – Small insider grant; neutral market impact.

The Form 4 shows a routine equity grant of 8,695 shares to the CLO at no cost. While insider ownership increases, the award is standard executive compensation rather than an open-market buy, limiting its signaling power. Aggregate ownership (12,475 shares) remains de-minimis versus PLAY’s outstanding shares, so the transaction is unlikely to influence valuation or trading dynamics.

Corporate Governance Expert

TL;DR – Routine compensation; governance-neutral event.

The grant aligns with customary long-term incentive practices and does not introduce governance red flags. No 10b5-1 plan disclosure was marked, but the cost-free nature suggests restricted stock issuance under an existing equity plan. The action neither strengthens nor weakens shareholder rights and carries negligible governance risk.

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
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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^*

Rodriguez Rodolfo Jr

(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)
	SVP, Chief Legal 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		8,695	A	$0	12,475	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	06/23/2025
	** 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 the SVP & Chief Legal Officer acquire?

He acquired 8,695 common shares on June 18 2025.

What is the total PLAY ownership of Rodolfo Rodriguez Jr. after the transaction?

His direct beneficial ownership increased to 12,475 shares.

Was the transaction an open-market purchase?

No. The Form 4 lists the code “A” with a $0.00 price, indicating an equity grant, not an open-market buy.

Were any derivative securities involved in this Form 4 filing?

No derivative securities were reported in Table II.

Does this Form 4 suggest any major financial impact on Dave & Buster’s (PLAY)?

No. The share amount is minor relative to PLAY’s total shares outstanding, so no material impact is expected.