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

Rhea-AI Filing Summary

Dave & Buster's Entertainment, Inc. officer Les Lehner reported a sale of 730 shares of common stock on 10/07/2025, at a reported price of $0 in the filing (transaction code F). After the sale the reporting person beneficially owned 43,650 shares held directly. The filing lists the reporter's role as SVP, Chief Development Officer and is signed on 10/09/2025. The Form 4 shows a routine insider disposition with no additional explanation provided.

Positive

• Officer disclosure filed and signed, showing transparency
• Direct ownership retained of 43,650 shares after the transaction

Negative

• Sale of 730 shares on 10/07/2025 (transaction code F)
• Price reported as $0 in the form with no explanatory note

Insights

Corporate Governance Analyst

Routine officer sale of a small stake; limited investor impact.

The filing shows an officer-level sale of 730 shares on 10/07/2025, leaving 43,650 shares beneficially owned directly. The transaction is reported with code F which typically indicates a sale related to a Rule 10b5-1 trading plan or similar pre-arranged disposition.

Material risk is low because the disposed amount is small relative to typical company floats and no derivatives or related-party transfers are disclosed. Investors may note the timing and check future filings if further disposals or explanations appear within the next 30 days to 90 days.

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^*

Lehner Les

(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 Development Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/07/2025

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	10/07/2025		F		730	D	$0	43,650	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	10/09/2025
	** 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

What did Dave & Buster's (PLAY) officer Les Lehner report?

The officer reported a sale of 730 shares of common stock on 10/07/2025, leaving 43,650 shares beneficially owned directly.

What position does the reporting person hold at PLAY?

The reporting person is listed as SVP, Chief Development Officer and is an officer of the company.

What does transaction code F indicate on Form 4?

Transaction code F is used on the Form 4 line; filings often use codes to classify the nature of the transaction. No further explanation is provided in this filing.

When was the Form 4 signed?

The Form 4 bears a signature dated 10/09/2025.

Did the filing report any derivative transactions or option activity?

No. Table II for derivative securities contains no entries; only a non-derivative sale of common stock is reported.