Dave & Buster's director buys 12,000 shares

The filer has since corrected this document, so the figures below are the ones originally reported and some of them may have changed. Read the amended Form 4/A for what the company says now.

Rhea-AI Filing Summary

Dave & Buster's Entertainment, Inc. (PLAY) director Nathaniel Lipman reported an open-market purchase of 12,000 shares of common stock on September 17, 2026 at a weighted average price of $6.775 per share, with individual trade prices ranging from $6.77 to $6.78. Following this transaction, he directly holds 30,715 shares of PLAY common stock. No Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Net Buyer: 12,000 shares

Net Buy 1 txn

Insider Lipman Nathaniel

Role Director

Bought 12,000 shs ($81K)

Type	Security	Shares	Price	Value
Purchase	Stock Option (Right to Buy) F1	12,000	$6.775	$81K

Holdings After Transaction: Stock Option (Right to Buy) — 30,715 shares (Direct)

Footnotes (1)

1. F1. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $6.77 to $6.78, inclusive. The reporting person undertakes to provide to Dave & Buster's Entertainment, Inc., any security holder of Dave & Buster's Entertainment, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the range set forth in footnote (1) to this Form 4.

Key Figures

Shares purchased: 12,000 shares Weighted average purchase price: $6.775 per share Trade price range: $6.77–$6.78 per share +2 more

5 metrics

Shares purchased 12,000 shares Open-market purchase on September 17, 2026 by director Nathaniel Lipman

Weighted average purchase price $6.775 per share Average price across multiple trades on September 17, 2026

Trade price range $6.77–$6.78 per share Range of prices paid across the individual trades in the purchase

Shares owned after transaction 30,715 shares Direct PLAY common stock holdings of Nathaniel Lipman following the purchase

Net buy shares reported 12,000 shares Net change in buy/sell activity for this Form 4

Key Terms

weighted average price, open market or private transaction, beneficial ownership

3 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open market or private transaction financial

"Purchase in open market or private transaction"

beneficial ownership financial

"full information regarding the number of shares bought at each separate price"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction in PLAY did director Nathaniel Lipman report?

Director Nathaniel Lipman reported buying 12,000 shares of Dave & Buster's (PLAY) common stock in an open-market transaction on September 17, 2026.

At what price did the PLAY shares trade in Nathaniel Lipman’s Form 4 purchase?

The reported price is a weighted average of $6.775 per share. The shares were bought in multiple trades at prices ranging from $6.77 to $6.78, inclusive.

How many PLAY shares does Nathaniel Lipman own after this Form 4 transaction?

After the reported purchase, Nathaniel Lipman directly holds 30,715 shares of Dave & Buster's (PLAY) common stock.

Was Nathaniel Lipman’s PLAY share purchase under a Rule 10b5-1 plan?

No. The filing indicates no Rule 10b5-1 trading plan is reported for this purchase; the document-level 10b5-1 checkbox is unchecked.

What does the Form 4 say about detailed pricing for Lipman’s PLAY share purchase?

The footnote states that the reported price is a weighted average and that trades occurred between $6.77 and $6.78. Full information on the number of shares at each separate price is available upon request.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/17/2026 - 04:14 PM Accepted by SEC EDGAR 09/17/2026 - 04:13 PM Learn about SEC filing dates

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^*

Lipman Nathaniel

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2026

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
Stock Option (Right to Buy)	09/17/2026		P		12,000	A	$6.775(1)	30,715	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. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $6.77 to $6.78, inclusive. The reporting person undertakes to provide to Dave & Buster's Entertainment, Inc., any security holder of Dave & Buster's Entertainment, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the range set forth in footnote (1) to this Form 4.

	Sherri M. Smith, Attorney-in-Fact	09/17/2026
	** 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.
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)