Form 4: Dave & Buster's Interim CEO Kevin Sheehan Transfers 50,000 Shares to Grantor Retained Annuity Trust
SEC Form 4 Filing
Interim CEO Kevin Sheehan reports a transfer of 50,000 shares of Dave & Buster's Entertainment, Inc. common stock to a grantor retained annuity trust.
Summary
- Kevin M. Sheehan, Interim CEO and Director of Dave & Buster's Entertainment, Inc., filed a Form 4 indicating changes in beneficial ownership.
- On March 10, 2025, Sheehan transferred 50,000 shares of common stock to a grantor retained annuity trust (GRAT).
- Following the transaction, Sheehan directly owns 39,011 shares of Dave & Buster's common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, neither inherently positive nor negative.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transfer of shares to a GRAT may have implications for Sheehan's personal financial planning but is unlikely to have a direct impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of stock transfer to GRAT and filing of Form 4. |
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