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Dave & Buster's Entertainment, Inc.·4

Mar 30, 5:31 PM ET

Harper Darin 4

Research Summary

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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.