Blue & Silver Ventures, Ltd. - 04 Dec 2025 Form 4 Insider Report for GameSquare Holdings, Inc. (GAME)

Role: 10%+ Owner
Signature: /s/ Thomas L. Walker
Issuer symbol: GAME
Transactions as of: 04 Dec 2025
Net transactions value: $0
Form type: 4
Filing time: 09 Dec 2025, 16:00:31 UTC
Previous filing: 21 Oct 2024
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Blue & Silver Ventures, Ltd.	10%+ Owner	C/O GAMESQUARE HOLDINGS, INC., 6775 COWBOYS WAY, STE. 1335, FRISCO	/s/ Thomas L. Walker	09 Dec 2025	0001972219

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GAME	Common Stock	Options Exercise		+150,000	+10%		1,623,241	04 Dec 2025	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GAME	Restricted Stock Units	Award	$0	+150,000		$0.000000	150,000	04 Dec 2025	Common Stock	150,000		Direct	F2, F3
transaction	GAME	Restricted Stock Units	Options Exercise	$0	+150,000		$0.000000	0	04 Dec 2025	Common Stock	150,000		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares acquired on vesting and settlement of restricted stock units ("RSUs").
F2	Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F3	Reflects the one-time grant under the Issuer's Amended and Restated Omnibus Equity Incentive Plan ("Omnibus Plan") on December 4, 2025 of 150,000 RSUs, which vest on the grant date and will convert into one share of Issuer's common stock.