Form 4: Dave & Buster's Director Michael Griffith Reports Stock Transactions
SEC Form 4 Filing
Director Michael Griffith of Dave & Buster's Entertainment, Inc. reports the exercise of stock options and subsequent sale of shares on April 4, 2024.
Summary
- On April 4, 2024, Michael J Griffith, a director of Dave & Buster's Entertainment, Inc. (PLAY), exercised stock options to acquire 5,203 shares of common stock at a price of $31.71 per share.
- Simultaneously, Griffith sold 5,203 shares of common stock at a weighted average price of $65.57, with individual sales ranging from $65.56 to $65.645.
- Following these transactions, Griffith directly owns 33,546 shares and indirectly owns 17,948 shares through a trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock transactions. The director exercised options and sold shares, which is a common practice.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives and directors. It's common for executives to exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 04/09/2016 | Date stock option was exercisable |
| 04/04/2024 | Date of stock option exercise and share sale |
| 04/04/2024 | Date of Form 4 filing |
| 04/09/2025 | Stock option expiration date |
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