Dave & Buster's (PLAY) director shifts 50,000 shares into GRAT trust

Rhea-AI Filing Summary

Dave & Buster's Entertainment, Inc. director Kevin M. Sheehan reported an estate-planning transfer of company stock. On January 20, 2026, a Form 4 shows he transferred 50,000 shares of common stock at a reported price of $0 per share, coded as transaction type "G", which reflects a gift or similar transfer. A footnote explains that the shares were moved to a grantor retained annuity trust ("GRAT"), of which he is not a trustee. Following this transaction, he reports 39,645 shares of Dave & Buster's common stock beneficially owned in direct form.

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

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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^*

SHEEHAN KEVIN M

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

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	01/20/2026		G		50,000(1)	D	$0	39,645	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:

1. This transaction involved the transfer of shares of common stock to a grantor retained annuity trust ("GRAT"), of which the reporting person is not a trustee.

	Sherri M. Smith, Attorney-in-Fact	01/21/2026
	** 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.

FAQ

What insider transaction did Dave & Buster's (PLAY) report for Kevin M. Sheehan?

A Form 4 reports that director Kevin M. Sheehan transferred 50,000 shares of Dave & Buster's common stock on January 20, 2026, recorded as a transaction type "G", which is used for gifts or similar transfers.

Was the Kevin M. Sheehan Form 4 transaction in PLAY stock a sale for cash?

No. The Form 4 lists a transaction price of $0 per share for the 50,000 shares, and a footnote states that the shares were transferred to a grantor retained annuity trust ("GRAT"), indicating an estate-planning type transfer rather than an open-market sale.

How many Dave & Buster's (PLAY) shares does Kevin M. Sheehan report owning after the transaction?

After the reported transfer, Kevin M. Sheehan reports 39,645 shares of Dave & Buster's common stock beneficially owned, held in direct form.

What is the nature of the GRAT transfer in the Dave & Buster's (PLAY) Form 4?

The footnote explains that the transaction involved transferring 50,000 common shares to a grantor retained annuity trust ("GRAT"). The note also states that the reporting person is not a trustee of that GRAT.

What role does Kevin M. Sheehan have at Dave & Buster's (PLAY)?

According to the Form 4, Kevin M. Sheehan is a director of Dave & Buster's Entertainment, Inc. He is not listed as an officer or a 10% owner in this filing.

How is the ownership form reported for Kevin M. Sheehan's remaining PLAY shares?

The Form 4 indicates that the 39,645 shares reported following the transaction are held in direct (D) ownership form.