STOCK TITAN

Dave & Buster's (NASDAQ: PLAY) SVP awarded RSUs and stock options

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Dave & Buster's Entertainment, Inc. reported compensation-related equity transactions for SVP, Chief Development Officer Les Lehner. He received 7,991 restricted stock units under the 2025 Omnibus Incentive Plan and a grant of 11,549 stock options with an exercise price of $12.33 per share.

The RSUs and options each vest in three equal annual installments on April 24 of 2027, 2028 and 2029. In connection with RSU vesting, 364 shares of common stock were withheld by the company to cover tax obligations; the filing states that no shares were sold in this transaction.

After these transactions, Lehner directly holds 61,661 shares of common stock and 11,549 stock options, reflecting routine equity compensation and related tax withholding rather than open-market buying or selling.

Positive

  • None.

Negative

  • None.
Insider Lehner Les
Role SVP, Chief Development Officer
Type Security Shares Price Value
Grant/Award Stock Option (Right to Buy) 11,549 $0.00 --
Grant/Award Common Stock 7,991 $0.00 --
Tax Withholding Common Stock 364 $12.33 $4K
Holdings After Transaction: Stock Option (Right to Buy) — 11,549 shares (Direct, null); Common Stock — 61,661 shares (Direct, null)
Footnotes (1)
  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 in three equal annual installements on each of April 24, 2027, 2028 and 2029. Represents shares of common stock withheld by Dave & Buster's Entertainment, Inc. to satisfy tax withholding obligations in connection with the vesting of restricted stock units. No shares were sold in this transaction. Represents stock options granted to the reporting person under the Plan. The shares underlying these stock options will vest and become exercisable in three equal annual installments on each of April 24, 2027, 2028 and 2029.
RSUs granted 7,991 units Restricted stock units granted April 24, 2026 under 2025 Omnibus Incentive Plan
Stock options granted 11,549 options Options granted April 24, 2026, right to buy common stock
Option exercise price $12.33 per share Conversion or exercise price for newly granted stock options
Shares withheld for taxes 364 shares Common shares withheld to satisfy tax obligations on RSU vesting
Common shares held after 61,661 shares Total direct common stock holdings following reported transactions
Options held after 11,549 options Total stock options held after grant as reported
Option expiration date April 24, 2036 Expiration date for newly granted stock options
Vesting schedule 3 annual installments 2027–2029 RSUs and options vest in equal parts on April 24, 2027, 2028, 2029
restricted stock units financial
"Represents restricted stock units granted to the reporting person under the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2025 Omnibus Incentive Plan financial
"granted to the reporting person under the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan (the "Plan")"
An omnibus incentive plan is a company-wide program that authorizes awards of pay tied to performance and retention—such as stock options, restricted shares, cash bonuses and other rewards—here labeled for the year it was adopted (2025). Investors care because it affects how much ownership can be issued, dilutes existing shareholders, and aligns executives’ and employees’ incentives with company goals, similar to giving team members a stake in the outcome.
tax withholding obligations financial
"shares of common stock withheld by Dave & Buster's Entertainment, Inc. to satisfy tax withholding obligations in connection with the vesting of restricted stock units"
stock options financial
"Represents stock options granted to the reporting person under the Plan"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
exercise price financial
"conversion_or_exercise_price": "12.3300""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vest and become exercisable financial
"shares underlying these stock options will vest and become exercisable in three equal annual installments"
SEC Form 4
FORM 4UNITED 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*
Lehner Les

(Last)(First)(Middle)
1221 S. BELT LINE RD., SUITE 500

(Street)
COPPELL TEXAS 75019

(City)(State)(Zip)

UNITED STATES

(Country)
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP, Chief Development Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock04/24/2026A7,991(1)A$061,661D
Common Stock04/24/2026F364(2)D$12.3361,297D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy)$12.3304/24/2026A11,549 (3)04/24/2036Common Stock11,549$011,549D
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 in three equal annual installements on each of April 24, 2027, 2028 and 2029.
2. Represents shares of common stock withheld by Dave & Buster's Entertainment, Inc. to satisfy tax withholding obligations in connection with the vesting of restricted stock units. No shares were sold in this transaction.
3. Represents stock options granted to the reporting person under the Plan. The shares underlying these stock options will vest and become exercisable in three equal annual installments on each of April 24, 2027, 2028 and 2029.
Sherri M. Smith, Attorney-in-Fact04/28/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)