GameSquare (GAME) COO Amaree Vichairattanawong Exercises Options & Receives RSUs

What Happened

• Amaree Vichairattanawong, Chief Operating Officer of GameSquare Holdings (GAME), had option and restricted stock unit (RSU) activity on Sept 18, 2026. The Form 4 shows multiple option exercises/conversions (transaction code M) and grants/settlements of RSUs (code A). Several entries show acquisitions and some show corresponding dispositions, all reported at $0.00 per share (derivative transactions).
• Reported line items include exercises/conversions of 34,875; 19,612; and 6,537 shares (acquired) and disposals of 34,875 and 26,149 shares. The filing also records grants/awards of 34,875 RSUs (listed twice in the filing detail as derivative awards). The entries reflect grants that vested/settled on the grant date and option exercises that were settled with no cash proceeds reported.

Key Details

• Transaction date: September 18, 2026; Form filed September 22, 2026 (appears timely).
• Prices shown: $0.00 for derivative awards/exercises (these lines reflect option/RSU settlement, not open-market trades).
• Notable footnotes:
  • F4: One-time grant of options to purchase 34,875 shares under the 2024 Stock Incentive Plan; grant vests in full on the grant date.
  • F5: One-time grant of 34,875 RSUs on the grant date; each RSU converts into one share on vesting.
  • F2/F6: Represent shares acquired on vesting/settlement of RSUs (Sept 18 and Feb 6 grants, respectively).
  • F1: Prior Form 4 balances were adjusted for a 1-for-8 reverse stock split on Aug 24, 2026.
• Shares owned after the transactions: not specified in the excerpt provided (refer to full Form 4 for ending holdings).
• Filing type: insider derivative activity (M = option exercise/conversion, A = award/grant). Several entries list disposals at $0.00, which commonly reflect share withholding or net settlement related to tax withholding or cashless exercise—filing does not state motive.

Context

• These were not open-market purchases or sales of common stock but internal corporate equity actions: RSU vesting/settlement and option exercises. Such transactions are typically part of compensation (awards vesting and exercises) rather than a simple bullish or bearish signal.
• The presence of both acquired and disposed derivative-line entries suggests net settlement mechanics (e.g., shares withheld to satisfy tax obligations or a cashless exercise), not necessarily a market sale for cash proceeds. For exact proceeds or post-transaction holdings, check the full Form 4 filing linked by the SEC accession number.