SHEEHAN KEVIN M 4

What Happened
Kevin M. Sheehan, a director of Dave & Buster's Entertainment, received a total of 40,919 shares of common stock through equity awards and a trust distribution. The filing reports two restricted stock unit (RSU) grants of 712 shares each (total 1,424 RSUs) granted on 2026-01-27 and 2026-02-05 (priced at $0.00) and a distribution/gift of 39,495 shares on 2026-03-10 (priced at $0.00). These were not purchases or sales — the RSUs are awards that vest in 2027 and the larger transfer was a distribution from a grantor retained annuity trust (GRAT).

Key Details

• Transactions reported:
  • 2026-01-27: Grant (RSU) — 712 shares @ $0.00 (F1). Vesting: January 27, 2027.
  • 2026-02-05: Grant (RSU) — 712 shares @ $0.00 (F3). Vesting: February 5, 2027.
  • 2026-03-10: Gift/distribution — 39,495 shares @ $0.00 (F4) from a GRAT to the reporting person (the grantor).
• Total shares received: 40,919 shares (no cash exchanged for these transactions).
• Filing timing: Form 4 was filed 2026-03-12 and covers transactions back to 2026-01-27; the filing notes an administrative omission (F2) that included indirect holdings previously left off earlier Form 4s. This suggests the report is a corrective/aggregate filing rather than three separate, timely Form 4 filings.
• Shares owned after transaction: Not specified in the information provided on the filing.

Context

• RSU grants are awards that vest on the dates noted (Jan 27, 2027 and Feb 5, 2027); vesting, not immediate cash sale, determines when shares become transferable.
• The 39,495-share transfer was a GRAT distribution to the grantor (a tax/estate planning vehicle), which is a non-market transfer and not an indicator of buying or selling intent.
• Administrative corrections (F2) are common reasons filings appear after the typical two-business-day window; they rectify prior omissions but don’t necessarily imply trading intent.