Hill Path D Fund LP, Scott Ross, and affiliated Hill Path Capital entities filed a joint Form 4 with the SEC on November 9, 2026, disclosing a restricted stock unit grant to Scott Ross dated November 4, 2026, in connection with Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY).

Key Highlights

  • RSU grant: Scott Ross was granted 1,277 restricted stock units on November 4, 2026, under the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan, at a price of $0.00.
  • Vesting date: The restricted stock units are reported to vest on November 4, 2027, according to the filing.
  • Ross post-transaction ownership: Following the grant, Scott Ross beneficially owns 20,170 shares of Common Stock indirectly.
  • Group holdings: The Hill Path entities collectively hold positions ranging from 53,231 shares (Hill Path Capital Co-Investment Partners LP) to 2,869,527 shares (Hill Path Capital Partners II LP) as reported in the filing.
  • Joint filing: The report is the second of two identical filings relating to the same transactions, filed to accommodate the SEC system's maximum of 10 joint filers per report.
  • 10%+ ownership group: According to the filing, each reporting person "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."

Hill Path Capital Entities and Scott Ross Disclose Dave & Buster's Holdings After November 4 RSU Award

The Form 4 was filed jointly by a group of sixteen reporting persons affiliated with Hill Path Capital, including Hill Path D Fund LP, Hill Path G Fund LP, Hill Path J Fund LP, Hill Path Capital Partners LP, Hill Path Capital Partners II LP, Hill Path Capital Co-Investment Partners LP, their respective general partners and managing members, and Scott Ross individually. All reporting persons are located at 150 East 58th Street, 33rd Floor, New York, New York 10155, according to the filing.

The sole reported transaction is an acquisition by Scott Ross of 1,277 restricted stock units on November 4, 2026, under transaction code "A," at a price of $0.00, granted under the Dave & Buster's Entertainment, Inc. 2025 Omnibus Incentive Plan. The units are scheduled to vest on November 4, 2027. Following this transaction, the filing reports Ross's indirect beneficial ownership at 20,170 shares of Common Stock.

In addition to the RSU grant, the filing sets out the existing share positions held indirectly by each affiliated entity: Hill Path D Fund LP holds 156,760 shares; Hill Path G Fund LP holds 1,293,990 shares; Hill Path J Fund LP holds 650,501 shares; Hill Path Capital Partners LP holds 2,095,246 shares; Hill Path Capital Partners II LP holds 2,869,527 shares; and Hill Path Capital Co-Investment Partners LP holds 53,231 shares. The filing states that each reporting person disclaims beneficial ownership of the securities reported except to the extent of his or its pecuniary interest therein.

What Was Disclosed

The filing disclosed a grant of 1,277 restricted stock units to Scott Ross on November 4, 2026, vesting November 4, 2027, along with the existing Common Stock positions held indirectly by multiple Hill Path Capital affiliated entities in Dave & Buster's Entertainment, Inc.