Form 4: Lucky Strike Entertainment Executive Vice Chairman Exercises Stock Options, Sells Shares to Cover Costs
SEC Form 4 Filing
Brett I. Parker, Executive Vice Chairman of Lucky Strike Entertainment Corp, exercised stock options and sold shares to cover the exercise price and withholding taxes on January 13, 2025.
Summary
- On January 13, 2025, Brett I. Parker, Executive Vice Chairman of Lucky Strike Entertainment Corp, exercised stock options to purchase 4,079,120 shares of Class A common stock at $7.92 per share.
- Parker paid the exercise price of $32,306,630.40 and withholding taxes of $4,170,198.35 by having the company withhold 3,558,715 shares.
- The fair market value of Lucky Strike Entertainment Corp's common stock on January 13, 2025, was $10.25 per share.
- Following the transaction, Parker directly owns 2,245,521 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction, and does not inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their stock holdings.
Stakeholder Impact
- The transaction could have a minor impact on shareholders due to the increase in the number of shares outstanding, but the effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 01/07/2020 | Original grant date of the stock option by the Company's predecessor. |
| 12/15/2021 | Date the stock options became exercisable. |
| 01/07/2032 | Expiration date of the stock options. |
| 01/13/2025 | Date of stock option exercise and share sale. |
| 01/15/2025 | Date of Form 4 filing. |
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