Shannon Thomas F. 4

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.