Hill Path Capital Partners GP LLC 4

What Happened
Scott Ross, the managing partner associated with Hill Path Capital entities, was awarded 11,278 restricted stock units (RSUs) in Dave & Buster's Entertainment, Inc. (PLAY). The RSUs were granted on April 24, 2026 at no cash price (reported $0.00) and will vest on April 24, 2027. The Form 4 was filed on April 28, 2026.

Key Details

• Transaction date: 2026-04-24 (reported on Form 4 filed 2026-04-28).
• Transaction type/code: Award/Grant (A) — restricted stock units.
• Shares/units granted: 11,278 RSUs; acquisition price reported as $0.00 (grant).
• Vesting: RSUs vest on April 24, 2027 (per footnote).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Reporting structure: The Form 4 is filed jointly by multiple Hill Path entities and Scott Ross; footnotes note group reporting and disclaimers of beneficial ownership except to the extent of pecuniary interest.
• Timeliness: Filing appears timely (transaction 4/24/2026, filed 4/28/2026).

Context
An "A" code award (RSUs) is a grant — not an open-market purchase or sale — and typically represents compensation or retention incentive rather than a directional bet on the stock. Because the grant vests one year from the grant date, the awards signal a future issuance of shares if vesting conditions are met. The filing is associated with Hill Path (an institutional investor group) and Scott Ross; footnotes indicate the entities may be part of a Section 13(d) group holding more than 10% of PLAY, but the RSUs were granted to Mr. Ross individually under the company’s 2025 Omnibus Incentive Plan.