Form 4: Dave & Buster's Interim CEO Transfers 50,000 Shares to Grantor Retained Annuity Trust

Dave & Buster's Interim CEO, Kevin M. Sheehan, transferred 50,000 shares of common stock to a grantor retained annuity trust on December 16, 2024.

Summary

• Kevin M. Sheehan, the Interim CEO of Dave & Buster's Entertainment, Inc., transferred 50,000 shares of common stock.
• The transaction occurred on December 16, 2024.
• The shares were transferred to a grantor retained annuity trust (GRAT).
• Mr. Sheehan is not a trustee of the GRAT.
• Following the transaction, Mr. Sheehan directly owns 89,011 shares of Dave & Buster's common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for an insider transaction and does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider transactions and does not indicate any specific trend in the entertainment and dining industry.

Comparison to Industry Standards

• Insider transactions are common and are regularly reported by public companies.
• The transfer of shares to a GRAT is a common estate planning strategy used by executives.
• The number of shares transferred is not unusual for an executive of a company of this size.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a transfer of shares for estate planning purposes and does not change the total number of outstanding shares.

Key Dates

Keywords

Dave & Buster's, Kevin M. Sheehan, Interim CEO, stock transfer, grantor retained annuity trust, GRAT, insider transaction, share ownership