Angelakis Michael J 4

What Happened

• A-B Parent LLC (reported as a 10% owner) was granted 1,196 Earnout Shares of Lucky Strike Entertainment Corp (LUCK) on 2026-03-24. The grant is a derivative award (transaction code A); no price or cash changed hands (price reported as N/A).
• These are contingent earnout shares issued under the Merger Agreement with Bowlero Corp. They vest only if the closing per-share price of LUCK Class A common stock is ≥ $17.50 for any 10 trading days within a consecutive 20-trading-day window. If conditions are not met within five years after closing, the rights to the Earnout Shares are forfeited.

Key Details

• Transaction date: 2026-03-24; Transaction type: Award/Grant (derivative).
• Shares granted: 1,196 Earnout Shares; Price: N/A (no cash purchase).
• Vesting condition: closing price ≥ $17.50 for any 10 trading days within any consecutive 20-trading-day period; subject to adjustments per the Merger Agreement; forfeited if not vested by 5-year anniversary.
• Reporting persons: A-B Parent LLC (sole member Atairos Group, Inc.; related Atairos entities and representatives disclosed). Each reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
• Filing status: Form 4 filed 2026-03-24 for the 2026-03-24 transaction (no late-filing indication in the report).

Context

• These are contingent (derivative) earnout rights tied to the merger milestone, not immediate stock purchases or sales — they only convert to actual Class A shares if the price/vesting condition is met.
• This filing reflects institutional/transactional arrangements tied to a merger agreement rather than routine insider buying or selling; it does not necessarily signal near-term buying or selling intent by the reporting parties.