Blue & Silver Ventures, Ltd. 4

What Happened
Blue & Silver Ventures, Ltd. (the reporting person, associated with director Thomas L. Walker) was granted 150,000 restricted stock units (RSUs) under GameSquare’s 2024 Stock Incentive Plan on July 10, 2026. The filing shows the 150,000 RSUs vested and settled on the grant date and records related derivative exercise/conversion entries. All entries report a $0 per-share price and no cash proceeds were reported.

Key Details

• Transaction date: July 10, 2026; Form 4 filed July 14, 2026.
• Reported entries: 150,000 RSUs granted/awarded (A) at $0.00; RSUs vested/settled (F2/F3/F4); corresponding exercise/conversion (M) and a matching disposition entry at $0 (derivative).
• Price/value: $0 reported for the award/settlement and the derivative entries — no sale proceeds shown.
• Shares owned after transaction: not specified in the filing.
• Footnotes of note: F4 confirms a one-time grant of 150,000 RSUs that vested and settled on the grant date. F1 explains Thomas L. Walker is treasurer of the reporting person and serves on GameSquare’s board as the reporting person’s representative; Walker disclaims beneficial ownership of securities held by the reporting person except to the extent of any pecuniary interest.
• Filing timeliness: transaction on 7/10/2026, filing on 7/14/2026; no late-filing indication in the report.

Context

• RSUs are contingent rights to receive shares (each RSU = one share) and are reported here as having vested and been settled. The $0 entries and paired exercise/conversion and disposition lines typically reflect administrative conversion/settlement mechanics rather than an open‑market sale; the filing does not show any cash proceeds or an open-market trade.
• This is an award/settlement event (not a purchase or routine insider sale). Awards like these indicate equity compensation but do not, by themselves, signal insider buying or selling intent.