Pineiro Antonio 4

What Happened

• Antonio Pineiro, SVP & Chief International Development Officer at Dave & Buster’s (PLAY), reported a series of awards and derivative adjustments on 2025-10-07. The filing shows grants (acquisitions) and cancellations (dispositions to the issuer) recorded at $0.00: acquisitions of 11,013; 11,013; 41,794; and 28,271 shares (variously recorded as restricted stock units and option-related awards), and dispositions (cancellations) of 21,598 and 26,998 shares (performance-based RSUs). No cash was paid or received in these transactions — they are equity awards and cancellations, not open-market trades.

Key Details

• Transaction date: October 7, 2025; filing date: March 27, 2026 (late filing).
• Prices reported: $0.00 (awards and cancellations — non-cash).
• Notable footnotes:
  • F1: 11,013 restricted stock units (RSUs) granted under the 2025 Omnibus Incentive Plan; vest in three equal annual installments on July 14, 2026, 2027 and 2028.
  • F3: Cancellation of performance-based RSUs previously granted on October 7, 2022 (the two dispositions total 48,596 shares).
  • F4–F6: Stock option awards subject to time-based vesting (three equal annual installments) and stock-price performance vesting conditions (2X and 3X VWAP thresholds of $64.12 and $96.18, with additional timing rules).
• Filing correction: Footnote F2 says this Form 4 corrects the ownership total in Table I (an earlier Form 4 filed Dec 23, 2025 understated ownership by 11,013 shares).
• Shares owned after the transaction: the filing corrects the reported total upward by 11,013 RSUs; the corrected aggregate total is shown in Table I of the Form 4 (check the filing for the precise post-transaction total).

Context

• These entries represent grant awards and cancellations (derivative transactions), not open-market buys or sells — they do not reflect immediate buying/selling sentiment. RSUs vest over time; stock options include both time-based and stock-price performance-based vesting, so future ownership depends on meeting vesting schedules and performance thresholds.
• The filing was submitted months after the October 2025 transaction date (late filing), which is an administrative/timeliness issue but does not by itself indicate trading intent.