Gorman Jeremi 4

What Happened

• Jeremi Gorman, a director of GameSquare Holdings, acquired a total of 165,897 shares through two types of transactions. On 2025-09-19 Gorman purchased 65,897 shares in an open-market purchase at $0.76 per share for $50,082. On 2025-12-04 Gorman received a one-time grant of 100,000 restricted stock units (RSUs) that vested on the grant date and converted into 100,000 shares (reported on Form 4 as grant/settlement and conversion of derivatives).

Key Details

• Transaction dates and prices:
  • 2025-09-19: Open-market purchase (Code P) — 65,897 shares @ $0.76, total cost $50,082.
  • 2025-12-04: RSU grant/vesting (Codes A and M) — 100,000 RSUs vested and converted to 100,000 shares; Form 4 shows $0 as grant price (typical for equity awards).
• Footnotes: F1–F3 state these were RSUs (each convertible to one share) granted under the company’s Omnibus Equity Incentive Plan, vesting on the grant date, and converting into one share each.
• Shares owned after transaction: not specified in the information provided.
• Filing timeliness: The Form 4 was filed 2026-04-24 for transactions in Sept and Dec 2025, marked late (timeliness = 'L'); late filings reduce timeliness for investors but do not by themselves indicate wrongdoing.

Context

• The open-market purchase is a straightforward buy (a more direct bullish signal than a sale). The 100,000-share entry reflects RSUs that vested and converted into common stock (not an option exercise for cash). RSU grants often have $0 listed as the grant price on Form 4 even though the shares have market value at vesting.