Lucky Strike Entertainment Corp SEC Filings

Lucky Strike Entertainment Corp Chief Financial Officer Robert M. Lavan reported an open-market purchase of Class A Common Stock. He bought 276.7454 shares at an average price of $7.5985 per share and now directly holds a total of 81,184.2792 shares.

Lucky Strike Entertainment Corporation appointed Bobby Lavan, 44, as President while he continues to serve as Chief Financial Officer, effective June 8, 2026. He will take on broader responsibility for strategic execution and operational performance across the company’s entertainment portfolio.

Lavan joined Lucky Strike in 2023 as Chief Financial Officer and Treasurer and previously held CFO roles at Bally’s Corporation and Turning Point Brands. His annual base salary will increase to $850,000 effective July 1, 2026, and his target long-term incentive plan award will be $1,500,000 starting with the next LTIP cycle.

The company highlighted his role in modernizing systems, deploying AI-driven tools, and building a data-first operating model. Lucky Strike operates more than 360 locations across North America, including bowling, amusements, water parks, and family entertainment centers.

Lucky Strike Entertainment Corp Chief Executive Officer and 10% owner Shannon Thomas F. reported an internal share conversion, not an open-market trade. On May 13, 2026, he converted 3,000,000 shares of Class B Common Stock into 3,000,000 shares of Class A Common Stock on a one-to-one basis.

This transaction reflects an exercise or conversion of a derivative security with no reported purchase or sale for cash. Following the conversion, he directly held 5,364,000 Class A shares, while his reported Class B holdings were 55,519,437 shares, maintaining a very large overall equity position in the company.

Lucky Strike Entertainment reported Q3 fiscal 2026 revenue of $342.2 million, up 1% year over year, driven mainly by newly acquired and opened locations. Same-store revenue was essentially flat as strong walk-in bowling and non-alcoholic beverage sales were offset by weaker alcoholic beverage and amusement spending amid adverse weather and softer consumer confidence.

Operating income rose to $65.6 million from $62.2 million as lower depreciation from extended asset lives and reduced share-based compensation partly offset higher location costs and payroll. Net income increased to $16.9 million, but for the nine months the company posted a $9.6 million net loss, largely influenced by lower non-cash earnout fair value benefits and higher interest expense and taxes.

The company continued executing its growth strategy, acquiring two businesses with five locations for $88.1 million, buying 58 previously leased properties for $306 million, opening a new Lucky Strike venue, and converting more sites under the Lucky Strike brand. It refinanced its term loan with a new $1.2 billion facility, issued $500 million of 7.25% Senior Secured Notes, expanded its revolver to $425 million, and repurchased 3.9 million Class A shares for $32.1 million while maintaining regular dividends.

Lucky Strike Entertainment reported third-quarter fiscal 2026 revenue of $342.2 million, up 0.7% from $339.9 million, with Same Store Revenue increasing 0.2%. Net income rose to $16.9 million from $13.3 million, while Adjusted EBITDA declined to $109.0 million from $117.3 million.

Management cited weather disruptions, weaker consumer sentiment and higher early-quarter payroll costs, but expects labor optimization and AI-driven efficiency initiatives to benefit results from the fourth quarter onward. For fiscal 2026, the company guides revenue to $1.25–$1.26 billion and Adjusted EBITDA to $345–$350 million.

From late December 2025 through early May 2026, Lucky Strike repurchased 1.1 million Class A shares for $8.3 million and has about $59 million remaining under its buyback program. The board declared a quarterly dividend of $0.06 per share. The company operates 368 locations, including 118 under the Lucky Strike brand.

Lucky Strike Entertainment Corp former officer Ekster Lev reported an open-market sale of 3,000 shares of Class A Common Stock. The shares were sold at a weighted average price of $8.4662 per share, leaving him with 64,295.987 shares held directly after the transaction.

The sale price reflects multiple trades within a range of $8.45 to $8.49 per share, according to the footnote. This appears to be a relatively small, routine disposition compared with Lev’s remaining direct holdings.

Lucky Strike Entertainment submitted a Form 144 notifying an intent to sell Class A Common Stock through UBS Financial Services. The notice lists multiple vested awards with specific share amounts tied to RSU/PSU vesting dates, and identifies 04/15/2026 as the filing/transaction date.

The entry enumerates individual vesting entries: 3,177, 590, 3,177, 3,177, 590, and 1,789 shares associated with various vesting dates between 12/15/2023 and 09/09/2025.

Lucky Strike Entertainment Corp reported that Chief Executive Officer and 10% owner Shannon Thomas F. received a grant of 1,196 Restricted Stock Units (RSUs) tied to Class B Common Stock. Following this award, his holdings of these RSUs totaled 4,920,252 units.

The RSUs were issued under the Business Combination Agreement related to Lucky Strike’s acquisition of Bowlero Corp. They will vest only if the Class A Common Stock closing price reaches or exceeds $17.50 per share for at least 10 trading days within any 20‑day period before the fifth anniversary of the acquisition closing; otherwise, they are forfeited at that time.

The Class B Common Stock underlying the RSUs is convertible into Class A Common Stock on a one‑for‑one basis at the holder’s option, and will automatically convert upon specific events, including Mr. Shannon’s beneficial ownership falling below 10%, certain employment or life events, or the fifteenth anniversary of the acquisition closing.