Tarun Lal - Jul 15, 2025 Form 4 Insider Report for Dave & Buster's Entertainment, Inc. (PLAY)

Signature
Sherri M. Smith, Attorney-in-Fact
Stock symbol
PLAY
Transactions as of
Jul 15, 2025
Transactions value $
$251,916
Form type
4
Date filed
7/24/2025, 07:55 PM
Previous filing
Jul 23, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Lal Tarun Chief Executive Officer, Director 1221 S. BELT LINE RD., SUITE 500, COPPELL Sherri M. Smith, Attorney-in-Fact 2025-07-24 0002078197

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLAY Common Stock Purchase $252K +8.06K $31.26 8.06K Jul 22, 2025 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PLAY Stock Option (Right to Buy) Award $0 +125K $0.00 125K Jul 15, 2025 Common Stock 125K $32.06 Direct F2
transaction PLAY Stock Option (Right to Buy) Award $0 +125K $0.00 125K Jul 15, 2025 Common Stock 125K $32.06 Direct F3
transaction PLAY Stock Option (Right to Buy) Award $0 +83.2K $0.00 83.2K Jul 15, 2025 Common Stock 83.2K $48.09 Direct F4
transaction PLAY Stock Option (Right to Buy) Award $0 +31.2K $0.00 31.2K Jul 15, 2025 Common Stock 31.2K $32.06 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions ranging from $30.93 to $31.51, inclusive. The reporting person undertakes to provide the Registrant, any security holder of the Registrant or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price with the ranges set forth in this footnote (1) to this Form 4.
F2 The option vests in equal installments on July 15, 2026, 2027 and 2028, subject to the Reporting Person's continued employment through the applicable vesting date.
F3 The option will become earned in full on the first date occurring before February 1, 2028 on which the 60-day trailing volume weighted average price ("VWAP") of the Issuer's common stock is equal to or greater than the exercise price multiplied by 2 (the "2X Attainment Date"). Thereafter, this option will vest in full during the period beginning on the first anniversary and ending on the second anniversary of the 2X Attainment Date, based on the Issuer's 60-day trailing VWAP performance during such period and subject to certain terms and conditions specified in the applicable award agreement.
F4 The option will become earned in full on the date occurring before February 1, 2028 on which the 60-day trailing VWAP of the Issuer's common stock is equal to or greater than the exercise price multiplied by 3 (the "3X Attainment Date"). Thereafter, this option will vest in full during the period beginning on the first anniversary and ending on the second anniversary of the 3X Attainment Date, based on the Issuer's 60-day trailing VWAP performance during such period and subject to certain terms and conditions specified in the applicable award agreement.
F5 The option will become earned in full if the Reporting Person purchases varioius tranches of shares of the Issuer's common stock valued at $1,000,000 (in total) on the open market at various times occurring on and prior to December 31, 2026. Provided such purchases are made, this option will vest over three years in equal installments on July 15, 2026, 2027 and 2028, subject to the Reporting Person's continued employment through the applicable vesting date.