Porter Stuart D 4

What Happened
Stuart D. Porter, a director of GameSquare Holdings, was granted 150,000 restricted stock units (RSUs) under the company's 2024 Stock Incentive Plan on July 10, 2026. The RSUs vested and settled on the same date, converting into 150,000 shares of common stock. The Form 4 shows the award (code A) and conversion/exercise entries (code M) and reports the shares were ultimately held indirectly by an entity controlled by Porter.

Key Details

• Transaction date: July 10, 2026 (reported on Form 4 filed July 14, 2026). Filing appears timely.
• Grant: 150,000 RSUs (each RSU equals one share) — reported $0 per share (award/settlement, no cash paid).
• Conversion/settlement: RSUs converted to 150,000 common shares on the grant/vest date.
• Disposition: The settled shares were reported as held indirectly by Three Curve Capital LP (entity controlled by Porter).
• Shares owned after transaction: The filing shows 150,000 shares added to indirect holdings; total post-transaction aggregate holdings were not provided on the form.
• Footnote highlights: RSUs were a one‑time grant under the 2024 Stock Incentive Plan and vested/settled on the grant date.

Context
RSU awards are compensation, not open‑market purchases or sales, so they reflect company compensation decisions rather than a direct trading signal. The Form 4 entries labeled as exercise/conversion reflect the conversion/settlement of RSUs into shares; the immediate transfer to an affiliated entity is recorded as a disposition on the filing. This transaction does not indicate a cash sale by the insider.