Dave & Buster’s (NASDAQ: PLAY) director awarded new restricted stock units

Rhea-AI Filing Summary

SHAH ATISH reported acquisition or exercise transactions in this Form 4 filing.

Dave & Buster's Entertainment, Inc. director Atish Shah reported two equity compensation awards of common stock. Each transaction reflects a grant of 518 restricted stock units with no cash paid per share, treated as share-based compensation rather than an open-market purchase.

The first 518 restricted stock units were granted under the company’s 2025 Omnibus Incentive Plan and will vest on January 27, 2027. A second grant of 518 restricted stock units under the same plan will vest on February 5, 2027. After these awards, Shah directly holds 17,439 shares of common stock, indicating these are relatively small, routine director compensation grants.

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^*

SHAH ATISH

(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)
01/27/2026

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	01/27/2026		A		518(1)	A	$0	16,921	D
Common Stock	02/05/2026		A		518(2)	A	$0	17,439	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. Represents restricted stock units granted to the reporting person under the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan (the "Plan"). The restricted stock units will vest on January 27, 2027.

2. Represents restricted stock units granted to the reporting person under the Plan. The restricted stock units will vest on February 5, 2027.

	Sherri M. Smith, Attorney-in-Fact	03/13/2026
	** 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).
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FAQ

What did Atish Shah report in the latest Form 4 for PLAY?

Atish Shah reported receiving two small equity awards in Dave & Buster’s common stock, each for 518 restricted stock units. These are compensation grants, not open-market purchases or sales, and modestly increase his direct stake in the company.

Are the PLAY Form 4 transactions open-market buys or compensation grants?

The transactions are compensation grants, not open-market buys. Each entry shows 518 restricted stock units granted at a price of $0.00 per share under the company’s 2025 Omnibus Incentive Plan, reflecting non-cash equity compensation for a director.

When do Atish Shah’s new Dave & Buster’s restricted stock units vest?

One grant of 518 restricted stock units will vest on January 27, 2027, and the second 518-unit grant will vest on February 5, 2027. Vesting means the units convert into shares the director can fully own, subject to plan terms.

How many Dave & Buster’s shares does Atish Shah hold after these grants?

After the reported grants, Atish Shah directly holds 17,439 shares of Dave & Buster’s common stock. This figure includes the impact of the latest restricted stock unit awards and provides context for the relatively small size of each grant.

Under which plan were the new PLAY restricted stock units granted?

Both grants were made under the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan. This plan authorizes the company to grant equity-based awards, such as restricted stock units, as part of its compensation program for directors and other eligible participants.

Do the reported PLAY Form 4 transactions involve any derivative securities or options?

No, the reported transactions involve only non-derivative common stock in the form of restricted stock units. The derivative position summary is empty in this filing, and there are no option exercises, conversions, or other derivative transactions disclosed for these dates.