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

Rhea-AI Filing Summary

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

Senior Vice-President & Chief Legal Officer Rodolfo Rodriguez Jr. reported several equity awards dated 18 June and 27 June 2025:

• 1,295 restricted stock units (RSUs) granted on 27 June 2025 at no cost; these will vest in three equal annual tranches on 24 Apr 2026-2028.
• 8,830 stock options issued at strike prices of $34.50 (7,535 options) and $30.45 (1,295 options). The $34.50 awards were originally approved 8 Jan 2025 and became effective following shareholder approval of the 2025 Omnibus Incentive Plan on 18 Jun 2025; they vest in four and five equal annual instalments from 2026-2030. The new $30.45 grant vests in three equal tranches 2026-2028.
• Following the RSU grant, Rodriguez’s direct beneficial ownership rises to 13,770 common shares. All awards are held directly.

The filing reflects no open-market purchases or sales; all transactions are equity incentives designed to align executive interests with shareholder value. Because the grants are service-based and spread over multiple years, near-term share-count dilution is minimal.

Insights

Equity Compensation Analyst

TL;DR: Routine incentive grants; modest size, limited short-term impact.

The RSU and option awards total just under 10,000 shares, equating to <0.03% of PLAY’s ~48 million share base—immaterial for dilution. Vesting schedules are service-based, encouraging executive retention over five years. Absence of market sales removes any negative signalling. Strike prices are near recent trading ranges (≈$30-$35), so options only gain value if the stock appreciates. Overall, the filing is standard compensation practice with negligible immediate financial effect.

Corporate Governance Specialist

TL;DR: Shareholder-approved plan executed; governance procedures followed.

The options contingent on shareholder approval indicate proper governance. Grant sizes align with senior-officer norms and are disclosed promptly. No indication of preferential pricing or accelerated vesting. From a governance standpoint the disclosure is clean and consistent with best practices, signalling transparency but offering no material catalyst for valuation.

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^*

Rodriguez Rodolfo Jr

(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 Legal 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		1,295(1)	A	$0	13,770	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)	$34.5	06/18/2025(2)		A		4,637		(2)	01/08/2035	Common Stock	4,637	$0	4,637	D
Stock Option (Right to Buy)	$34.5	06/18/2025(3)		A		2,898		(3)	01/08/2035	Common Stock	2,898	$0	2,898	D
Stock Option (Right to Buy)	$30.45	06/27/2025		A		1,295		(4)	06/27/2035	Common Stock	1,295	$0	1,295	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 8, 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 will vest and become exercisable in four equal installments on each of January 8, 2026, 2027, 2028 and 2029, 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 8, 2025 that was subject to shareholder approval of the Plan at the annual meeting of shareholders of the Issuer held on June 18, 2025. The shares underlying this stock option will vest and become exercisable in five equal installments on each of January 8, 2026, 2027, 2028, 2029 and 2030, 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	07/08/2025
	** 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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