Dave & Buster's (NASDAQ: PLAY) director granted new restricted stock units

Rhea-AI Filing Summary

Lipman Nathaniel reported acquisition or exercise transactions in this Form 4 filing.

Dave & Buster's Entertainment, Inc. director Nathaniel Lipman reported two stock-based compensation awards. He received grants of 453 restricted stock units on January 27, 2026 and 453 restricted stock units on February 5, 2026, both at no cash cost to him.

After these grants, Lipman directly holds 5,666 shares of common stock. The January 27, 2026 restricted stock units are scheduled to vest on January 27, 2027, and the February 5, 2026 units are scheduled to vest on February 5, 2027. For both grants, he elected to defer delivery of the underlying shares until his service on the Board of Directors ends.

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^*

Lipman Nathaniel

(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		453(1)	A	$0	5,213	D
Common Stock	02/05/2026		A		453(2)	A	$0	5,666	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. The reporting person has elected to defer the receipt of shares upon vesting of the restricted stock units until his service on the Board of Directors is terminated, pursuant to the Dave & Buster's Entertainment, Inc. Amended and Restated 2016 Deferred Compensation Plan for Non-Employee Directors.

2. Represents restricted stock units granted to the reporting person under the Plan. The restricted stock units will vest on February 5, 2027. The reporting person has elected to defer the receipt of shares upon vesting of the restricted stock units until his service on the Board of Directors is terminated, pursuant to the Dave & Buster's Entertainment, Inc. Amended and Restated 2016 Deferred Compensation Plan for Non-Employee Directors.

	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.
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FAQ

What insider transactions did PLAY director Nathaniel Lipman report?

Nathaniel Lipman reported two equity compensation awards, each for 453 restricted stock units of Dave & Buster's common stock. These awards are stock-based grants, not open-market purchases or sales, and increase his direct equity exposure to the company.

How many Dave & Buster's (PLAY) shares does Nathaniel Lipman hold after these grants?

Following the February 5, 2026 award, Nathaniel Lipman directly holds 5,666 shares of Dave & Buster's common stock. This total reflects his position after receiving the two 453-share restricted stock unit grants described in the Form 4 filing.

When do Nathaniel Lipman’s new PLAY restricted stock units vest?

The 453 restricted stock units granted on January 27, 2026 are scheduled to vest on January 27, 2027. The additional 453 units granted on February 5, 2026 are scheduled to vest on February 5, 2027, subject to the award terms remaining in place.

Did Nathaniel Lipman pay cash for the PLAY shares reported in this Form 4?

No cash was paid for these awards. The Form 4 shows a price per share of 0.0000, reflecting that they are restricted stock unit grants under the company’s incentive plan rather than open-market purchases of Dave & Buster's stock.

Has Nathaniel Lipman deferred receipt of his PLAY restricted stock units?

Yes. For both restricted stock unit grants, Lipman elected to defer receipt of the underlying shares until his service on the Board of Directors ends, in line with the company’s deferred compensation plan for non‑employee directors.

Under which plans were Nathaniel Lipman’s PLAY restricted stock units granted?

The restricted stock units were granted under Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan. The related deferral of share delivery is made pursuant to the company’s Amended and Restated 2016 Deferred Compensation Plan for Non‑Employee Directors.