Hill Path Capital Partners GP LLC 4
4 · Dave & Buster's Entertainment, Inc. · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Dave & Buster's (PLAY) Scott Ross Receives 1,036 RSUs
What Happened
- Scott Ross (managing partner of Hill Path) received two awards of restricted stock units (RSUs) tied to Dave & Buster’s (PLAY). The filing shows two grants: 518 RSUs on 2026-01-27 and 518 RSUs on 2026-02-05, each acquired at $0.00 (standard for awards). The RSUs will vest on January 27, 2027 and February 5, 2027 respectively. This is an award/grant (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction dates and counts: 2026-01-27 — 518 RSUs; 2026-02-05 — 518 RSUs (total 1,036 RSUs).
- Price: $0.00 per share reported (awarded, not purchased).
- Vesting: 1/27/2027 (first award) and 2/5/2027 (second award).
- Shares owned after transaction: not specified in the filing.
- Filing: Form 4 filed 2026-03-13 (the report covers transactions dated 2026-01-27 and 2026-02-05); this filing is later than the usual 2-business-day reporting window.
- Notable footnotes: the report is filed jointly by multiple Hill Path entities and Scott Ross; the filing notes Hill Path entities may collectively be a >10% Section 13(d) group and includes standard disclaimers about beneficial ownership. The report is the first of two identical filings due to SEC e-filing limits.
Context
- RSU awards are compensation grants that convert to shares if/when they vest; they do not involve an immediate cash outlay or open-market purchase and are not an immediate signal of buying/selling activity.
- Because this filing involves an investment firm and related entities (Hill Path) and includes a managing partner, note the distinction between institutional holdings and routine executive compensation.
- The late filing means the market learned of these grants after the award dates; late filings are disclosed publicly but do not change the nature of the award.
Insider Transaction Report
Form 4
Transactions
- Award
Common Stock
[F1][F2][F3]2026-01-27+518→ 5,278 total(indirect: By Scott Ross) - Award
Common Stock
[F1][F2][F4]2026-02-05+518→ 5,796 total(indirect: By Scott Ross)
Holdings
- 156,760(indirect: By Hill Path D Fund LP)
Common Stock
[F1][F2][F5] - 1,293,990(indirect: By Hill Path G Fund LP)
Common Stock
[F1][F2][F6] - 650,501(indirect: By Hill Path J Fund LP)
Common Stock
[F1][F2][F7] - 2,095,246(indirect: By Hill Path Capital Partners LP)
Common Stock
[F1][F2][F8] - 2,869,527(indirect: By Hill Path Capital Partners II LP)
Common Stock
[F1][F2][F9] - 53,231(indirect: By Hill Path Capital Co-Investment Partners LP)
Common Stock
[F1][F2][F10]
Footnotes (10)
- [F1]This Form 4 is filed jointly by Hill Path Capital Partners LP ("Hill Path Capital"), Hill Path Capital Partners II LP ("Hill Path Capital II"), Hill Path Co-Investment Partners LP ("Hill Path Co-Investment"), Hill Path D Fund LP ("Hill Path D Fund"), Hill Path G Fund LP ("Hill Path G Fund"), Hill Path J Fund LP ("Hill Path J Fund"), Hill Path Capital Partners GP LLC ("Hill Path GP"), Hill Path Capital Partners II GP LLC ("Hill Path GP II"), HP D GP LLC ("HP D GP"), HP G GP LLC ("HP G GP"), HP J GP LLC ("HP J GP"), Hill Path Investment Holdings LLC ("Hill Path Investment Holdings"), Hill Path Investment Holdings II LLC ("Hill Path Investment Holdings II"), Hill Path Capital LP ("Hill Path"), Hill Path Holdings LLC ("Hill Path Holdings") and Scott Ross ("Mr. Ross," and collectively with the aforementioned entities, the "Reporting Persons").
- [F10]Shares of Common Stock owned directly by Hill Path Co-Investment. Hill Path GP, as the general partner of Hill Path Co-Investment, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Co-Investment. Hill Path Investment Holdings, as the managing member of Hill Path GP, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Co-Investment. Hill Path, as the investment manager of Hill Path Co-Investment, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Co-Investment. Hill Path Holdings, as the general partner of Hill Path, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Co-Investment. Mr. Ross, as the managing partner of each of Hill Path Investment Holdings, Hill Path and Hill Path Holdings, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Co-Investment.
- [F2]To enable the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the first of two identical reports relating to the same transactions being filed with the Securities and Exchange Commission. Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock (the "Common Stock"). Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F3]Represents restricted stock units granted to Mr. Ross under the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan (the "Plan"). The restricted stock units will vest on January 27, 2027.
- [F4]Represents restricted stock units granted to Mr. Ross under the Plan. The restricted stock units will vest on February 5, 2027.
- [F5]Shares of Common Stock owned directly by Hill Path D Fund. HP D GP, as the general partner of Hill Path D Fund, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path D Fund. Hill Path Investment Holdings II, as the managing member of HP D GP, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path D Fund. Hill Path, as the investment manager of Hill Path D Fund, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path D Fund. Hill Path Holdings, as the general partner of Hill Path, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path D Fund. Mr. Ross, as the managing partner of each of Hill Path Investment Holdings II, Hill Path and Hill Path Holdings, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path D Fund.
- [F6]Shares of Common Stock owned directly by Hill Path G Fund. HP G GP, as the general partner of Hill Path G Fund, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path G Fund. Hill Path Investment Holdings II, as the managing member of HP G GP, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path G Fund. Hill Path, as the investment manager of Hill Path G Fund, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path G Fund. Hill Path Holdings, as the general partner of Hill Path, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path G Fund. Mr. Ross, as the managing partner of each of Hill Path Investment Holdings II, Hill Path and Hill Path Holdings, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path G Fund.
- [F7]Shares of Common Stock owned directly by Hill Path J Fund. HP J GP, as the general partner of Hill Path J Fund, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path J Fund. Hill Path Investment Holdings II, as the managing member of HP J GP, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path J Fund. Hill Path, as the investment manager of Hill Path J Fund, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path J Fund. Hill Path Holdings, as the general partner of Hill Path, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path J Fund. Mr. Ross, as the managing partner of each of Hill Path Investment Holdings II, Hill Path and Hill Path Holdings, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path J Fund.
- [F8]Shares of Common Stock owned directly by Hill Path Capital. Hill Path GP, as the general partner of Hill Path Capital, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital. Hill Path Investment Holdings, as the managing member of Hill Path GP, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital. Hill Path, as the investment manager of Hill Path Capital, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital. Hill Path Holdings, as the general partner of Hill Path, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital. Mr. Ross, as the managing partner of each of Hill Path Investment Holdings, Hill Path and Hill Path Holdings, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital.
- [F9]Shares of Common Stock owned directly by Hill Path Capital II. Hill Path GP II, as the general partner of Hill Path Capital II, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital II. Hill Path Investment Holdings II, as the managing member of Hill Path GP II, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital II. Hill Path, as the investment manager of Hill Path Capital II, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital II. Hill Path Holdings, as the general partner of Hill Path, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital II. Mr. Ross, as the managing partner of each of Hill Path Investment Holdings II, Hill Path and Hill Path Holdings, may be deemed to beneficially own the shares of Common Stock owned directly by Hill Path Capital II.