Dave & Buster's (NASDAQ: PLAY) SVP granted options, cancels prior PSUs

Rhea-AI Filing Summary

Dave & Buster's Entertainment, Inc. senior vice president Antonio Pineiro reported compensation-related equity changes. He disposed of 21,598 and 26,998 performance stock units through cancellations of prior performance-based awards granted on October 7, 2022. He received 11,013 restricted stock units that vest in three equal annual installments on July 14, 2026, 2027 and 2028, correcting his direct common share ownership to 52,379 shares.

He was also granted stock options covering 11,013 and 41,794 shares at an exercise price of $22.70 per share, and 28,271 shares at $34.05 per share, all expiring on October 7, 2035. These options vest based on time and stock price performance, including 60-day trailing VWAP hurdles of $64.12 and $96.18 that must be met before February 1, 2028.

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^*

Pineiro Antonio

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Int'l Dev Ofc

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/07/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/07/2025		A		11,013(1)	A	$0	52,379(2)	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
Performance Stock Unit	(3)	10/07/2025(3)		D			21,598	(3)	(3)	Common Stock	21,598	$0	0	D
Performance Stock Unit	(3)	10/07/2025(3)		D			26,998	(3)	(3)	Common Stock	26,998	$0	0	D
Stock Option (Right to Buy)	$22.7	10/07/2025(4)		A		11,013		(4)	10/07/2035	Common Stock	11,013	$0	11,013	D
Stock Option (Right to Buy)	$22.7	10/07/2025(5)		A		41,794		(5)	10/07/2035	Common Stock	41,794	$0	41,794	D
Stock Option (Right to Buy)	$34.05	10/07/2025(6)		A		28,271		(6)	10/07/2035	Common Stock	28,271	$0	28,271	D

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 installments on each of July 14, 2026, 2027 and 2028.

2. This Form 4 includes the corrected ownership total in Table I, Column 5. The Form 4 filed by the reporting person on December 23, 2025 understated the ownership total in Table I, Column 5 by 11,013 shares due to an administrative error failing to account for the grant of the restricted stock units described further in Note (1).

3. Represents the cancellation of the performance-based restricted stock units subject to stock price-based vesting conditions previously granted to the reporting person on October 7, 2022.

4. 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 July 14, 2026, 2027 and 2028.

5. Represents stock options granted to the reporting person under the Plan. The stock options will become earned upon the first date (the "2X Attainment Date") occurring before February 1, 2028 on which the 60-day trailing volume weighted average closing price ("VWAP") of the shares of common stock, $0.01 par value per share (the "Common Stock"), of Dave & Buster's Entertainment, Inc. (the "Issuer") is greater than or equal to $64.12. After the 2X Attainment Date, the shares underlying these stock options will vest and become exercisable on either the first or the second anniversary of the 2X Attainment Date depending on the Issuer's 60-day trailing VWAP on the first anniversary of the 2X Attainment Date.

6. Represents stock options granted to the reporting person under the Plan. The stock options will become earned upon the first date (the "3X Attainment Date") occurring before February 1, 2028 on which the 60-day trailing VWAP of the Common Stock is greater than or equal to $96.18. After the 3X Attainment Date, the shares underlying these stock options will vest and become exercisable on either the first or the second anniversary of the 3X Attainment Date depending on the Issuer's 60-day trailing VWAP on the first anniversary of the 3X Attainment Date.

	Sherri M. Smith, Attorney-in-Fact	03/27/2026
	** 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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* Form 4: SEC 1474 (03-26)

FAQ

What insider equity transactions did Antonio Pineiro report at Dave & Buster's (PLAY)?

Antonio Pineiro reported cancellations of prior performance stock units and new equity awards. He disposed of 21,598 and 26,998 performance stock units, received 11,013 restricted stock units, and was granted several stock option awards with time-based and stock price-based vesting conditions tied to future performance.

What new stock option grants did Antonio Pineiro receive from Dave & Buster's (PLAY)?

He received three stock option grants under the company’s 2025 Omnibus Incentive Plan. The awards cover 11,013 and 41,794 shares at $22.70 per share, and 28,271 shares at $34.05 per share, all expiring on October 7, 2035, subject to vesting conditions.

How do Antonio Pineiro’s new Dave & Buster's (PLAY) stock options vest?

Some options vest in three equal annual installments on July 14, 2026, 2027 and 2028. Others become earned only if 60-day trailing VWAP reaches $64.12 or $96.18 before February 1, 2028, then vest one or two years after those attainment dates.

What restricted stock units did Antonio Pineiro receive from Dave & Buster's (PLAY)?

He received 11,013 restricted stock units under the 2025 Omnibus Incentive Plan. These units convert into common shares in three equal annual installments on July 14, 2026, 2027 and 2028, providing him with time-based equity compensation linked to continued service at the company.

Why were Antonio Pineiro’s prior Dave & Buster's (PLAY) performance stock units cancelled?

The filing states the cancellations represent performance-based restricted stock units previously granted on October 7, 2022. Those units were subject to stock price-based vesting conditions and are now cancelled, reflected as dispositions of 21,598 and 26,998 performance stock units back to the issuer.

How did this Form 4 correct Antonio Pineiro’s Dave & Buster's (PLAY) share ownership?

The Form 4 corrects an earlier administrative error. A prior filing understated his direct ownership in Table I, Column 5 by 11,013 shares, failing to include a restricted stock unit grant. This report updates his direct common stock holdings to 52,379 shares following the correction.