Blue & Silver Ventures, Ltd. 4
4 · GameSquare Holdings, Inc. · Filed Apr 27, 2026
Research Summary
AI-generated summary of this filing
GameSquare (GAME) Blue & Silver Ventures Buys 2.23M Shares
What Happened
Blue & Silver Ventures, Ltd. (a reporting person linked to director Thomas L. Walker) purchased a total of 2,234,364 shares of GameSquare Holdings, Inc. (ticker: GAME) in a series of open-market transactions between April 22 and April 27, 2026. The purchases were: 809,109 shares on 2026-04-22 at a reported average price of $0.58 ($469,283); 922,890 shares on 2026-04-23 at $0.60 ($553,734); 417,813 shares on 2026-04-24 at $0.60 ($250,688); and 84,552 shares on 2026-04-27 at $0.60 ($50,731). Total consideration reported: $1,324,436. These were purchases (P), which investors commonly view as a more informative/bullish signal than sales.
Key Details
- Transaction dates & reported amounts:
- 2026-04-22 — 809,109 shares @ $0.58 = $469,283 (footnote indicates this is a weighted average from multiple trades at $0.4697–$0.60)
- 2026-04-23 — 922,890 shares @ $0.60 = $553,734 (weighted avg range reported $0.580–$0.60)
- 2026-04-24 — 417,813 shares @ $0.60 = $250,688 (weighted avg range reported $0.5902–$0.60)
- 2026-04-27 — 84,552 shares @ $0.60 = $50,731 (weighted avg range reported $0.5970–$0.60)
- Total purchased: 2,234,364 shares for $1,324,436.
- Shares owned after transaction: not specified in the data provided here (footnote F2 notes 4,131 shares were added to prior beneficial-ownership totals).
- Notable footnotes:
- F1: Thomas L. Walker is treasurer of Blue & Silver and serves on GameSquare’s board as the reporting person’s representative; the filing was made out of caution regarding “director by deputization.” Walker disclaims beneficial ownership except to the extent of any pecuniary interest.
- F2: Reporting person’s beneficial ownership includes 4,131 shares omitted from prior filings.
- F3–F6: The per-date prices are weighted averages from multiple open-market trades at the price ranges shown.
- F7: Reporting person will provide, on request, full details on number of shares purchased at each price.
- Timeliness: Filing date is 2026-04-27 and covers trades Apr 22–27. Under Section 16, insiders generally must file Form 4 within two business days of a reportable transaction; check the filing for any late-reporting legend or additional timing details.
Context
- These were plain open-market purchases (transaction code P). For retail investors, purchases by insiders or director-linked entities can indicate confidence but are not proof of future performance.
- Because the reporting person is an entity (Blue & Silver) linked to a board representative (Thomas Walker) and not a straightforward executive trade, interpret accordingly—F1 disclaims direct beneficial ownership except for any pecuniary interest.
- The filing includes footnote offers to provide a full breakdown of trades by price (F7) if you want the exact per-trade pricing rather than the weighted averages.
Insider Transaction Report
Form 4
Transactions
- Purchase
Common Stock
[F3][F7][F1][F2]2026-04-22$0.58/sh+809,109$469,283→ 2,436,481 total - Purchase
Common Stock
[F4][F7][F1]2026-04-23$0.60/sh+922,890$553,734→ 3,359,371 total - Purchase
Common Stock
[F5][F7][F1]2026-04-24$0.60/sh+417,813$250,688→ 3,777,184 total - Purchase
Common Stock
[F6][F7][F1]2026-04-27$0.60/sh+84,552$50,731→ 3,861,736 total
Footnotes (7)
- [F1]Thomas L. Walker, who is a director of the issuer, is the treasurer for the reporting person and serves on the issuer's board of directors as the reporting person's representative. In light of Mr. Walker's relationship with the reporting person, the reporting person may be deemed a "director by deputization" of the issuer for purposes of Section 16 of the Securities Exchange Act of 1934. This filing is therefore being made out of an abundance of caution, without taking any position as to whether the reporting person is in fact a director by deputization. Mr. Walker disclaims beneficial ownership of any securities of the issuer held by the reporting person, except to the extent of his pecuniary interest therein, if any.
- [F2]The reporting person's beneficial ownership reflected herein includes 4,131 shares of common stock issued to the reporting person, which were omitted from prior Forms 4.
- [F3]Represents the weighted average sale price of Common Stock purchased in a series of open market transactions on the transaction date at prices ranging from $0.4697 to $0.60 per share.
- [F4]Represents the weighted average sale price of Common Stock purchased in a series of open market transactions on the transaction date at prices ranging from $0.580 to $0.60 per share.
- [F5]Represents the weighted average sale price of Common Stock purchased in a series of open market transactions on the transaction date at prices ranging from $0.5902 to $0.60 per share.
- [F6]Represents the weighted average sale price of Common Stock purchased in a series of open market transactions on the transaction date at prices ranging from $0.5970 to $0.60 per share.
- [F7]The Reporting Person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each price.
Signature
/s/ Thomas L. Walker|2026-04-27