Kenna Justin 4

What Happened

• Kenna Justin, CEO and a director of GameSquare Holdings, had restricted stock units (RSUs) convert and settle into 625,000 shares of the company’s common stock on February 4, 2026. The reported transactions are coded as conversions/exercises of derivatives (code M) at a $0.00 exercise price (i.e., these were RSU settlements, not cash purchases). No open‑market sale is reported in this filing; this was the vesting/settlement of awards granted under the employment agreement and the 2024 Stock Incentive Plan.

Key Details

• Transaction date: February 4, 2026; Form 4 filed February 10, 2026 (filed 6 days after the transaction).
• Reported transactions: 625,000 shares settled (500,000 from a signing‑bonus RSU grant that vested immediately; 125,000 from a separate 500,000 RSU grant with partial vesting).
• Price: $0.00 per share (these were RSU settlements/exercises, not purchases); market value at settlement is not specified in the filing.
• Shares owned after transaction: Not stated in the Form 4.
• Outstanding/unvested after transaction: 375,000 RSUs remain outstanding and unvested from the 500,000-plan grant (per footnote).
• Footnotes: F1 = 500,000 signing‑bonus RSUs vested and settled immediately. F2 = 500,000 RSUs under the 2024 plan, with 25% (125,000) vested and settled on Feb 4; remaining 37.5%/37.5% vest at one- and two‑year anniversaries.
• No tax‑withholding, sale, or 10b5‑1 plan is disclosed in the filing.

Context

• These entries reflect RSU vesting and settlement (derivative conversion), not purchases or open‑market sales. RSU settlements typically occur under compensation agreements and do not necessarily indicate executive buying or selling behavior. Note the Form 4 was filed several days after the transaction date, which is later than the usual two‑business‑day filing expectation and can reduce the immediacy of disclosure for investors.