Shannon Thomas F. 4
4 · Lucky Strike Entertainment Corp · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Lucky Strike (LUCK) CEO Shannon Thomas Receives RSU Award
What Happened
Shannon F. Thomas, CEO of Lucky Strike Entertainment Corp (LUCK), received an award of 1,196 restricted stock units (RSUs) on 2026-03-24. This was a derivative award (transaction code A) — no cash changed hands and no per‑share price was reported. The RSUs were issued under the Business Combination Agreement related to Lucky Strike’s acquisition of Bowlero Corp.
Key Details
- Transaction date: 2026-03-24; Form filed: 2026-03-25 (timely filing).
- Transaction type: Grant/award of 1,196 RSUs (derivative); price = N/A.
- Shares owned after transaction: Not disclosed in the provided filing.
- Vesting condition (footnote F1): RSUs vest only if the Class A share closing price ≥ $17.50 for any 10 trading days within any consecutive 20‑trading‑day period on or before the 5‑year anniversary of the Acquisition closing; otherwise they forfeit at the 5‑year mark.
- Conversion note (footnote F2): These RSU-related Class B shares convert 1:1 into Class A shares at holder’s option and automatically convert upon certain events (e.g., CEO ceases to own ≥10% of outstanding common stock, death/disability, termination for cause, or 15 years after the Acquisition closing).
Context
This is an earned/contractual compensation award tied to the Bowlero acquisition and a stock‑price performance hurdle — not an open‑market purchase or immediate sale. RSUs are conditional and do not represent freely tradable shares until vesting/conversion conditions are met. As with other awards, this reflects compensation structure rather than an immediate bullish or bearish trading signal.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-03-24+1,196→ 4,920,252 totalExp: 2026-12-15→ Class B Common Stock (1,196 underlying)
Footnotes (2)
- [F1]The Restricted Stock Units ("RSUs") were received pursuant to the terms of the Business Combination Agreement in connection with the acquisition by the Issuer of Bowlero Corp. (the "Acquisition"). The RSUs will vest if the closing share price of the Class A Common Stock equals or exceeds $17.50 per share for any 10 trading days within any consecutive 20-trading day period on or prior to the 5-year anniversary of the closing date of the Acquisition, and will otherwise be forfeited on the 5-year anniversary of the closing of the Acquisition.
- [F2]The shares of Class B Common Stock, par value $0.0001 per share ("Class B Common Stock") are convertible into shares of the Issuer's Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") at the option of the holder on a one-to-one basis, and will automatically convert to shares of Class A Common Stock upon (i) Mr. Shannon ceasing to beneficially own at least 10% of the Issuer's outstanding common stock, (ii) the death or disability of Mr. Shannon, (iii) the employment of Mr. Shannon as the CEO of the Issuer being terminated for cause, and (iv) the fifteenth anniversary of the closing of the Acquisition.