0001062993-23-011920.txt : 20230522 0001062993-23-011920.hdr.sgml : 20230522 20230522161625 ACCESSION NUMBER: 0001062993-23-011920 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230518 FILED AS OF DATE: 20230522 DATE AS OF CHANGE: 20230522 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Shannon Thomas F. CENTRAL INDEX KEY: 0001882143 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40142 FILM NUMBER: 23944649 MAIL ADDRESS: STREET 1: C/O BOWLERO CORP. STREET 2: 222 WEST 44TH STREET CITY: NEW YORK STATE: NY ZIP: 10036 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Cobalt Group, LLC CENTRAL INDEX KEY: 0001890071 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40142 FILM NUMBER: 23944647 BUSINESS ADDRESS: STREET 1: C/O BOWLERO CORPORATION STREET 2: 7313 BELL CREEK ROAD CITY: MECHANICSVILLE STATE: VA ZIP: 23111 BUSINESS PHONE: 804-730-4000 MAIL ADDRESS: STREET 1: C/O BOWLERO CORPORATION STREET 2: 7313 BELL CREEK ROAD CITY: MECHANICSVILLE STATE: VA ZIP: 23111 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Cobalt Recreation LLC CENTRAL INDEX KEY: 0001890037 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40142 FILM NUMBER: 23944648 BUSINESS ADDRESS: STREET 1: C/O BOWLERO CORPORATION STREET 2: 7313 BELL CREEK ROAD CITY: MECHANICSVILLE STATE: VA ZIP: 23111 BUSINESS PHONE: 804-730-4000 MAIL ADDRESS: STREET 1: C/O BOWLERO CORPORATION STREET 2: 7313 BELL CREEK ROAD CITY: MECHANICSVILLE STATE: VA ZIP: 23111 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Bowlero Corp. CENTRAL INDEX KEY: 0001840572 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] IRS NUMBER: 981632024 STATE OF INCORPORATION: VA FISCAL YEAR END: 0703 BUSINESS ADDRESS: STREET 1: 7313 BELL CREEK ROAD CITY: MECHANICSVILLE STATE: VA ZIP: 23111 BUSINESS PHONE: 800-417-2000 MAIL ADDRESS: STREET 1: 7313 BELL CREEK ROAD CITY: MECHANICSVILLE STATE: VA ZIP: 23111 FORMER COMPANY: FORMER CONFORMED NAME: Isos Acquisition Corp. DATE OF NAME CHANGE: 20210114 4 1 form4.xml STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES X0407 4 2023-05-18 0001840572 Bowlero Corp. BOWL 0001882143 Shannon Thomas F. C/O BOWLERO CORP. 7313 BELL CREEK ROAD MECHANICSVILLE VA 23111 1 1 1 0 Chief Executive Officer 0001890037 Cobalt Recreation LLC C/O BOWLERO CORP. 7313 BELL CREEK ROAD MECHANICSVILLE VA 23111 1 0 1 0 0001890071 Cobalt Group, LLC C/O BOWLERO CORP. 7313 BELL CREEK ROAD MECHANICSVILLE VA 23111 1 0 1 0 0 Restricted Stock Units 2023-05-18 4 A 0 603 A 2026-12-15 Class B Common Stock 603 4911214 I See Footnote The Restricted Stock Units ("RSUs") were received pursuant to the terms of the Business Combination Agreement in connection with the acquisition by the Issuer of Bowlero Corp. (the "Acquisition"). The RSUs will vest if the closing share price of the Class A Common Stock equals or exceeds $17.50 per share for any 10 trading days within any consecutive 20-trading day period on or prior to the 5-year anniversary of the closing date of the Acquisition, and will otherwise be forfeited on the 5-year anniversary of the closing of the Acquisition. The shares of Class B Common Stock, par value $0.0001 per share ("Class B Common Stock") are convertible into shares of the Issuer's Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") at the option of the holder on a one-to-one basis, and will automatically convert to shares of Class A Common Stock upon (i) Mr. Shannon ceasing to beneficially own at least 10% of the Issuer's outstanding common stock, (ii) the death or disability of Mr. Shannon, (iii) the employment of Mr. Shannon as the CEO of the Issuer being terminated for cause, and (iv) the fifteenth anniversary of the closing of the Acquisition. Held directly by Cobalt Recreation LLC. The managing member of Cobalt Recreation LLC is The Cobalt Group LLC. The managing member of The Cobalt Group LLC is Mr. Shannon. Mr. Shannon disclaims beneficial ownership of the shares held by Cobalt Recreation LLC except to the extent of any pecuniary interest therein. /s/ Jason Cohen, as attorney-in-fact for Thomas F. Shannon 2023-05-22 /s/ Jason Cohen, for Cobalt Recreation LLC, by: Jason Cohen, as attorney-in-fact for Thomas F. Shannon 2023-05-22 /s/ Jason Cohen, for The Cobalt Group LLC, by: Jason Cohen, as attorney-in-fact for Thomas F. Shannon 2023-05-22