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Dave & Buster's Entertainment, Inc.·4

Mar 30, 5:31 PM ET

Harper Darin 4

4 · Dave & Buster's Entertainment, Inc. · Filed Mar 30, 2026

Research Summary

AI-generated summary of this filing

Updated

Dave & Buster's (PLAY) CFO Darin Harper Receives Multiple Equity Awards

What Happened

  • Darin Harper, Chief Financial Officer of Dave & Buster's Entertainment, was the subject of several equity transactions effective October 7, 2025. The Form 4 reports grants (acquisitions) totaling 152,313 share-equivalents (all reported at $0.00) and a disposition to the issuer of 41,477 shares (reported at $0.00) representing cancellation of previously granted performance-based RSUs. One grant of 22,026 restricted stock units (RSUs) vests in three equal annual installments beginning July 14, 2026.

Key Details

  • Transaction date: October 7, 2025. Form filed March 30, 2026 (late filing; the report corrects prior filings that understated ownership).
  • Grants reported (total): 152,313 share-equivalents (various RSUs and derivative awards) at $0.00.
  • Disposition reported: 41,477 shares cancelled (performance-based RSUs) at $0.00.
  • Vesting/terms noted in footnotes:
    • F1: 22,026 RSUs vest in three equal annual installments on July 14, 2026, 2027 and 2028.
    • F3: The 41,477 disposition reflects cancellation of performance-based RSUs originally granted June 24, 2024.
    • F4: Some derivative awards are stock options that vest in three equal annual installments on July 14, 2026–2028.
    • F5–F6: Other stock options are price‑contingent: vesting becomes earned if the 60‑day trailing VWAP reaches $64.12 (2X) or $96.18 (3X) before Feb 1, 2028; post‑attainment vesting occurs on the 1st or 2nd anniversary depending on VWAP.
  • Ownership total: this filing corrects prior Form 4s that understated ownership by 22,026 shares; the corrected total is reflected in the filing (see F2).
  • Filing timeliness: This Form 4 was filed ~6 months after the reported transactions (late filing).

Context

  • These were company grants and a cancellation (not open‑market buys or sales). Grants reported at $0.00 mean equity awards were granted, not purchased for cash; vesting and price conditions determine future value and liquidity. The cancellation of performance RSUs reduces future potential holdings. Because the filing is corrected and late, retail investors should treat the timing of disclosure accordingly when assessing recent insider activity.

Insider Transaction Report

Form 4
Period: 2025-10-07
Dave & Buster's Entertainment, Inc.PLAY
Harper Darin
Chief Financial Officer
Transactions
  • Award

    Common Stock

    [F1][F2]
    2025-10-07+22,026→ 102,498 total
  • Disposition to Issuer

    Performance Stock Unit

    [F3]
    2025-10-07−41,477→ 0 total
    → Common Stock (41,477 underlying)
  • Award

    Stock Option (Right to Buy)

    [F4]
    2025-10-07+22,026→ 22,026 total
    Exercise: $22.70Exp: 2035-10-07→ Common Stock (22,026 underlying)
  • Award

    Stock Option (Right to Buy)

    [F5]
    2025-10-07+60,327→ 60,327 total
    Exercise: $22.70Exp: 2035-10-07→ Common Stock (60,327 underlying)
  • Award

    Stock Option (Right to Buy)

    [F6]
    2025-10-07+47,934→ 47,934 total
    Exercise: $34.05Exp: 2035-10-07→ Common Stock (47,934 underlying)
Footnotes (6)
  • [F1]Represents restricted stock units granted to the reporting person under the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan (the "Plan"). The restricted stock units will vest in three equal annual installments on each of July 14, 2026, 2027 and 2028.
  • [F2]This Form 4 includes the corrected ownership total in Table I, Column 5. The Form 4s filed by the reporting person on December 23, 2025 and February 18, 2026 understated the ownership total in Table I, Column 5 by 22,026 shares due to an administrative error failing to account for the grant of the restricted stock units described further in Note (1).
  • [F3]Represents the cancellation of the performance-based restricted stock units subject to stock price-based vesting conditions previously granted to the reporting person on June 24, 2024.
  • [F4]Represents stock options granted to the reporting person under the Plan. The shares underlying these stock options will vest and become exercisable in three equal annual installments on each of July 14, 2026, 2027 and 2028.
  • [F5]Represents stock options granted to the reporting person under the Plan. The stock options will become earned upon the first date (the "2X Attainment Date") occurring before February 1, 2028 on which the 60-day trailing volume weighted average closing price ("VWAP") of the shares of common stock, $0.01 par value per share (the "Common Stock"), of Dave & Buster's Entertainment, Inc. (the "Issuer") is greater than or equal to $64.12. After the 2X Attainment Date, the shares underlying these stock options will vest and become exercisable on either the first or the second anniversary of the 2X Attainment Date depending on the Issuer's 60-day trailing VWAP on the first anniversary of the 2X Attainment Date.
  • [F6]Represents stock options granted to the reporting person under the Plan. The stock options will become earned upon the first date (the "3X Attainment Date") occurring before February 1, 2028 on which the 60-day trailing VWAP of the Common Stock is greater than or equal to $96.18. After the 3X Attainment Date, the shares underlying these stock options will vest and become exercisable on either the first or the second anniversary of the 3X Attainment Date depending on the Issuer's 60-day trailing VWAP on the first anniversary of the 3X Attainment Date.
Signature
Sherri M. Smith, Attorney-in-Fact|2026-03-30

Documents

1 file
  • 4
    ownership.xmlPrimary

    4