Hill Path Capital Partners GP LLC 4

What Happened

• Hill Path Capital Partners LP (part of a Hill Path reporting group) reported a grant of 867 restricted stock units (RSUs) in Dave & Buster's Entertainment, Inc. (PLAY) on 2026-05-06. The Form 4 records the acquisition price as $0.00 because these are compensation awards, not an open-market purchase. Footnote 3 clarifies the RSUs were granted to Scott Ross and will vest on May 6, 2027.

Key Details

• Transaction date: 2026-05-06; Form 4 filed: 2026-05-08 (timely filing).
• Transaction type/code: Award/Grant (A) — 867 RSUs acquired at $0.00.
• Vesting: RSUs vest on May 6, 2027 (per footnote).
• Shares owned after transaction: Not specified in the transaction details on this filing.
• Reporting structure: This Form 4 is filed jointly by multiple Hill Path entities and Scott Ross (see footnotes). The filing notes the group may be part of a Section 13(d) group that collectively may own >10% of the company; each reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
• This is a compensation award (not a purchase or sale) and does not indicate an immediate change in market holdings.

Context

• RSU awards are a form of compensation that convert into shares only if vesting conditions are met; they are commonly used to retain executives or align interests with shareholders. Because this was an award/grant (not an open-market buy), it should be interpreted as compensation, not a direct bullish purchase signal.
• The filing structure reflects institutional reporting rules and joint reporting; the underlying recipient named in the footnote is Scott Ross.