Form 4: Lucky Strike Directors Acquire & Transfer RSUs

Directors of Lucky Strike Entertainment Corp, affiliated with Atairos, acquired restricted stock units as part of their compensation, which were subsequently transferred to an affiliate.

Summary

• A-B Parent LLC, Atairos Group, Inc., Atairos Partners, L.P., Atairos Partners GP, Inc., Michael J. Angelakis, and Rachael Wagner reported transactions related to Lucky Strike Entertainment Corp (LUCK).
• Michael J. Angelakis and Rachael Wagner, non-employee directors of Lucky Strike Entertainment Corp, each acquired 29,612 restricted stock units (RSUs) on December 9, 2025.
• These RSUs were awarded at a price of $0 and represent a contingent right to receive one share of the Issuer's Class A common stock per unit.
• The RSUs are scheduled to vest on the earlier of December 9, 2026, or the Issuer's first regular annual meeting following December 9, 2025.
• Immediately upon receipt, Mr. Angelakis and Ms. Wagner transferred and assigned these RSUs to Atairos Management, L.P. (AMLP), an affiliate of the reporting persons, in accordance with pre-existing side letter agreements.
• Following these transactions, A-B Parent LLC indirectly beneficially owns 128,088 Class A Common Stock (representing RSUs) and directly owns 63,425,788 Class A Common Stock.
• The reporting persons are associated with Atairos, which holds a 10% ownership stake and has director representation on the Issuer's board, with some entities potentially deemed directors by deputization.

Sentiment

Score: 5

Explanation: This filing is a routine disclosure of insider transactions related to director compensation and does not inherently indicate positive or negative sentiment regarding the company's operational or financial performance.

Future Outlook

The acquired restricted stock units are scheduled to vest on the earlier of December 9, 2026, or the Issuer's first regular annual meeting following December 9, 2025.

Management Comments

• The transaction reflects restricted stock units (RSUs) acquired from an award for non-employee directors, pursuant to the Issuer's director compensation policy.
• Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock.
• Upon receipt, the RSUs were transferred and assigned by Mr. Angelakis and Ms. Wagner to Atairos Management, L.P. (AMLP), an affiliate, as per prior side letter agreements.

Industry Context

This filing is a routine disclosure of insider compensation and does not provide specific insights into broader industry trends or competitive landscape.

Corporate Governance

Related Party Transactions

• Non-employee directors Michael J. Angelakis and Rachael Wagner, who are affiliated with Atairos Management, L.P., transferred their newly acquired restricted stock units to Atairos Management, L.P. This transfer was pre-arranged via side letter agreements.

Stakeholder Impact

• Shareholders: The award of RSUs to directors is a form of equity-based compensation, which can align management and director interests with shareholder value over time.
• Employees: No direct impact on employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Next Steps

• Vesting of the restricted stock units (RSUs) on the earlier of December 9, 2026, or the Issuer's first regular annual meeting following December 9, 2025.

Key Dates

Keywords

Lucky Strike Entertainment Corp, LUCK, SEC Form 4, Restricted Stock Units, RSUs, Insider Transaction, Director Compensation, Atairos, Equity Award