GameSquare (GAME) CEO Justin Kenna Receives RSUs & Exercises Options

What Happened
Justin Kenna, CEO and director of GameSquare Holdings (GAME), received a one‑time equity award on September 18, 2026: 52,313 stock options (vested on grant) and 52,313 restricted stock units (RSUs) that vested and converted to shares. In addition, 21,791 shares were acquired on settlement of previously granted RSUs (from July 11, 2025). The Form 4 reports these derivative exercises/conversions and RSU settlements with a reported price of $0 (i.e., shares issued/converted upon vesting/settlement).

Key Details

• Transaction date: September 18, 2026 (Form 4 filed September 22, 2026).
• Grants/settlements: 52,313 options granted (vested on grant); 52,313 RSUs granted and vested/settled; 21,791 shares acquired from earlier RSU settlement.
• Reported price: $0.00 for the RSU settlements and the reported exercise/conversion entries on the Form 4.
• Net shares received (from RSU settlements shown): 52,313 + 21,791 = 74,104 shares issued/settled on the date shown.
• Post‑transaction holdings: not specified in the provided excerpt (see the Form 4 for exact post‑transaction balance).
• Notable footnotes: filings reflect a 1-for-8 reverse split adjustment to prior balances (F1); the 52,313 options and 52,313 RSUs were one‑time grants under the 2024 Stock Incentive Plan that vested on the grant date (F4, F5); each RSU converts into one share (F3); 21,791 shares are from prior RSUs (F6); holdings are held indirectly through Kenna Holdings Inc., of which Justin Kenna is sole director/shareholder (F7).
• Timeliness: Form 4 filed 9/22/2026 for 9/18/2026 transactions (filed within the normal reporting window per the filing dates shown).

Context

• Codes: "A" = grant/award (RSUs/options), "M" = exercise/conversion of derivative instruments. The entries reflect awards vesting/settling and derivative instruments being converted into shares rather than an open‑market purchase or sale.
• For retail investors: these are compensation awards and immediate vesting/settlement events — useful to know for dilution and insider compensation context, but not the same signal as an executive buying shares on the open market.
• No cash amounts or sale proceeds were reported in this filing; the transactions show shares issued/converted at $0 as part of grant/settlement mechanics.

For full detail, see the Form 4 (Accession No. 0001493152-26-043784) on the SEC EDGAR site.