Dave & Buster's (PLAY) SVP CIO reports RSU grants, PSU cancellations and options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dave & Buster's Entertainment, Inc. SVP & CIO Steve Klohn reported multiple equity compensation updates. On March 25, 2026, he received 11,785 shares of Common Stock as restricted stock units under the 2025 Omnibus Incentive Plan, which vest in three equal annual installments on July 14, 2026, 2027 and 2028.
The filing also reflects earlier activity on October 7, 2025, including the cancellation of 21,598 and 26,998 performance-based restricted stock units granted in 2022 and new stock option grants covering 11,013, 41,794 and 28,271 shares at exercise prices of $22.70 and $34.05, subject to time- and stock price-based vesting conditions. An additional 11,013 restricted stock units granted on that date will vest on June 7, 2026. Following these updates, Klohn directly owns 45,536 Common Stock shares. All transactions are compensation-related awards or cancellations, with no open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Klohn Steve
Role
SVP Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,785 | $0.00 | -- |
| Disposition | Performance Stock Unit | 21,598 | $0.00 | -- |
| Disposition | Performance Stock Unit | 26,998 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 11,013 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 41,794 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 28,271 | $0.00 | -- |
| Grant/Award | Common Stock | 11,013 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 45,536 shares (Direct);
Performance Stock Unit — 0 shares (Direct);
Stock Option (Right to Buy) — 11,013 shares (Direct)
Footnotes (1)
- Represents restricted stock units granted to the reporting person under the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan (the "Plan"). The restricted stock units will vest in three equal annual installments on each of July 14, 2026, 2027 and 2028. This Form 4 includes the corrected ownership total in Table I, Column 5. The Form 4s filed by the reporting person on December 23, 2025 and January 23, 2026 understated the ownership total in Table I, Column 5 by 11,013 shares due to an administrative error failing to account for the grant of the restricted stock units described further in Note (1). Represents restricted stock units granted to the reporting person under the Plan. The restricted stock units will vest on June 7, 2026. Represents the cancellation of the performance-based restricted stock units subject to stock price-based vesting conditions previously granted to the reporting person on October 7, 2022. Represents stock options granted to the reporting person under the Plan. The shares underlying these stock options will vest and become exercisable in three equal annual installments on each of July 14, 2026, 2027 and 2028. Represents stock options granted to the reporting person under the Plan. The stock options will become earned upon the first date (the "2X Attainment Date") occurring before February 1, 2028 on which the 60-day trailing volume weighted average closing price ("VWAP") of the shares of common stock, $0.01 par value per share (the "Common Stock"), of Dave & Buster's Entertainment, Inc. (the "Issuer") is greater than or equal to $64.12. After the 2X Attainment Date, the shares underlying these stock options will vest and become exercisable on either the first or the second anniversary of the 2X Attainment Date depending on the Issuer's 60-day trailing VWAP on the first anniversary of the 2X Attainment Date. Represents stock options granted to the reporting person under the Plan. The stock options will become earned upon the first date (the "3X Attainment Date") occurring before February 1, 2028 on which the 60-day trailing VWAP of the Common Stock is greater than or equal to $96.18. After the 3X Attainment Date, the shares underlying these stock options will vest and become exercisable on either the first or the second anniversary of the 3X Attainment Date depending on the Issuer's 60-day trailing VWAP on the first anniversary of the 3X Attainment Date.
FAQ
What equity award did PLAY executive Steve Klohn receive on March 25, 2026?
On March 25, 2026, Steve Klohn received 11,785 restricted stock units of Dave & Buster's common stock. These units vest in three equal annual installments on July 14, 2026, 2027 and 2028 under the company’s 2025 Omnibus Incentive Plan.
What happened to Steve Klohn’s performance-based restricted stock units at Dave & Buster's?
Two blocks of performance-based restricted stock units totaling 21,598 and 26,998 units were canceled. These units were originally granted on October 7, 2022 and were subject to stock price-based vesting conditions that are no longer in effect.
What stock options were granted to Steve Klohn under PLAY’s 2025 Omnibus Incentive Plan?
Steve Klohn received stock options for 11,013 and 41,794 shares at a $22.70 exercise price, and 28,271 shares at $34.05. These options vest over time and, for certain tranches, depend on the company’s 60-day trailing volume-weighted average stock price.
Were Steve Klohn’s Form 4 transactions in PLAY open-market purchases or sales?
The reported transactions are equity compensation-related grants, cancellations, and stock options, not open-market purchases or sales. Codes show awards (A) and dispositions to the issuer (D), indicating compensation adjustments rather than trading in the public market.