Dave & Buster’s insider boosts stake with new RSUs and options

Rhea-AI Filing Summary

Dave & Buster’s Entertainment, Inc. (PLAY) – Form 4 insider filing

Senior Vice President & Chief Information Officer Steve Klohn reported equity awards granted on 18 June 2025 and 27 June 2025 following shareholder approval of the company’s 2025 Omnibus Incentive Plan:

• Restricted Stock Units: 2,115 common shares (grant date 27 Jun 2025) that vest in three equal annual tranches on 24 Apr 2026-2028. Total direct share ownership rises to 24,243.
• Stock Options: 6,056 options at $33.02 and 6,803 options at $37.04 (both granted 18 Jun 2025) plus 2,115 options at $30.45 (27 Jun 2025). All options expire 21 Jan 2035 (or 27 Jun 2035 for the last grant) and vest in 3-4 annual installments beginning in 2025-2026.

No shares were sold; all transactions were coded “A” (acquisition) at $0 cost, signalling compensation-related grants rather than open-market activity. The filing modestly increases insider alignment but is immaterial to PLAY’s capital structure.

Positive

• No insider selling: all reported transactions are grants or acquisitions, suggesting continued alignment between the executive and shareholders.
• Additional equity ownership: direct holdings increase to 24,243 shares, modestly boosting insider stake.

Negative

• None.

Insights

Securities Analyst

TL;DR – Routine equity grants; no sales; neutral corporate impact.

The Form 4 discloses standard equity compensation to a senior executive: 2,115 RSUs and roughly 15,000 stock options across three strike prices ($30-$37). No disposals occurred, so there is no negative supply signal. While insider ownership creeps up to 24,243 shares, the amount (< 0.1 % of outstanding stock) is too small to influence float or valuation. Vesting is service-based; no performance criteria are indicated. For investors, the filing is neutral—helpful alignment but not a catalyst.

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
Estimated average burden
hours per response:			0.5

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^*

Klohn Steve

(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 Information 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	06/27/2025		A		2,115(1)	A	$0	24,243	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
Stock Option (Right to Buy)	$33.02	06/18/2025(2)		A		6,056		(2)	01/21/2035	Common Stock	6,056	$0	6,056	D
Stock Option (Right to Buy)	$37.04	06/18/2025(3)		A		6,803		(3)	01/21/2035	Common Stock	6,803	$0	6,803	D
Stock Option (Right to Buy)	$30.45	06/27/2025		A		2,115		(4)	06/27/2035	Common Stock	2,115	$0	2,115	D

Explanation of Responses:

1. Represents a grant of restricted stock units that will vest in three equal annual installments on each of April 24, 2026, 2027 and 2028.

2. Represents a contingent stock option granted to the reporting person on January 21, 2025 that was subject to shareholder approval of the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan (the "Plan") at the annual meeting of shareholders of Dave & Buster's Entertainment, Inc. (the "Issuer") held on June 18, 2025. The shares underlying this stock option vest and become exercisable in three equal installments, one of which vested on January 21, 2025, and two of which will vest on each of January 21, 2026 and 2027, as long as the reporting person is providing services to the Issuer on such dates.

3. Represents a contingent stock option granted to the reporting person on January 21, 2025 that was subject to shareholder approval of the Plan at the Issuer's annual meeting of shareholders held on June 18, 2025. The shares underlying this stock option vest and become exercisable in four equal installments, one of which vested on January 21, 2025, and three of which will vest on each of January 21, 2026, 2027 and 2028, as long as the reporting person is providing services to the Issuer on such dates.

4. The shares underlying this stock option will vest and become exercisable in three equal installments on each of April 24, 2026, 2027 and 2028, as long as the reporting person is providing services to the Issuer on such dates.

	/s/ Sherri M. Smith, Attorney-in-Fact	07/07/2025
	** 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.
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FAQ

What did PLAY insider Steve Klohn acquire in the latest Form 4?

He received 2,115 restricted stock units and 15,0-plus stock options at strike prices of $30.45-$37.04.

Were any Dave & Buster’s (PLAY) shares sold in this filing?

No. All transactions were coded "A" for acquisition; there were no sales or dispositions.

How many PLAY shares does the CIO now own directly?

After the grants, Steve Klohn directly owns 24,243 common shares.

When do the newly granted PLAY stock options expire?

The options expire on 21 Jan 2035 or 27 Jun 2035, depending on the specific grant.

What is the vesting schedule for the 2,115 RSUs granted to the CIO?

They vest in three equal annual installments on 24 Apr 2026, 2027, and 2028.