Form 4: Dave & Buster's Legal Officer Reports Stock Disposition
Statement of Changes in Beneficial Ownership
Dave & Buster's SVP, Chief Legal Officer, Rodolfo Rodriguez Jr., reported a disposition of 424 common shares for tax withholding purposes, effective January 8, 2026.
Summary
- Rodolfo Rodriguez Jr., SVP, Chief Legal Officer of Dave & Buster's Entertainment, Inc. (PLAY), filed a Form 4.
- The filing reports a disposition of 424 shares of common stock.
- The transaction occurred on January 8, 2026, and was for tax withholding purposes (Transaction Code 'F').
- The shares were disposed of at a price of $0, indicating a non-cash transaction related to tax obligations.
- Following this transaction, Mr. Rodriguez Jr. directly beneficially owns 13,346 shares of common stock.
- The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating it was pre-planned.
Sentiment
Score: 5
Explanation: The filing reports a routine, pre-planned disposition of shares for tax withholding purposes by an executive, which is a common occurrence and does not indicate a significant positive or negative sentiment regarding the company's performance or outlook.
Industry Context
This is an insider transaction report, reflecting routine compensation practices for executives, and is not directly indicative of broader industry trends or competitive positioning.
Comparison to Industry Standards
- Routine insider transactions for tax withholding purposes are common across all industries for executives receiving equity compensation, aligning with standard corporate governance and compensation practices.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Policy Adherence | Transaction executed under a Rule 10b5-1(c) plan, demonstrating adherence to insider trading policies and pre-scheduling of stock transactions. | 01/08/2026 | Enhances transparency and mitigates potential insider trading concerns by pre-scheduling stock transactions, aligning with best practices in corporate governance. |
Related Party Transactions
- Disposition of 424 common shares to the issuer to satisfy tax withholding obligations related to equity compensation, a standard related-party transaction in executive compensation.
Stakeholder Impact
- Shareholders: Minimal impact, as this is a routine administrative transaction for tax purposes and not indicative of a change in management's confidence or company fundamentals.
Key Dates
| Date | Description |
|---|---|
| 01/08/2026 | Date of transaction (disposition of shares for tax withholding). |
| 01/23/2026 | Date the Form 4 was signed and filed. |
Recommendation
holdThis Form 4 filing details a routine, pre-planned disposition of shares by an executive for tax withholding purposes, which is a common administrative event for equity compensation. It does not provide new material information regarding the company's financial performance, strategic direction, or operational outlook that would warrant a change in investment recommendation.
Keywords
Dave & Buster's, PLAY, Rodolfo Rodriguez Jr., Form 4, insider trading, beneficial ownership, common stock, tax withholding, 10b5-1 plan
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