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Share-Based Compensation | 9 Months Ended
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Mar. 29, 2026
Share-Based Payment Arrangement [Abstract] |
Share-Based Compensation | Share-Based Compensation The Company has two stock plans: the Lucky Strike Entertainment Corporation 2021 Omnibus Incentive Plan (“2021 Plan”) and the Lucky Strike Entertainment Corporation Employee Stock Purchase Plan (“ESPP”). These stock incentive plans are designed to attract and retain key personnel by providing them the opportunity to acquire an equity interest in the Company and align the interest of key personnel with those of the Company’s stockholders. As of March 29, 2026 and June 29, 2025, the total share-based compensation cost not yet recognized is as follows:
| Award Plan |  | March 29, 2026 |  | June 29, 2025
Stock options | 2021 Plan |  | $ | 8,111 |  |  | $ | 11,976 |
Service based RSUs | 2021 Plan |  | 5,643 |  |  | 5,286 |
Market and service based RSUs | 2021 Plan |  | 10,207 |  |  | 5,988 |
Earnout RSUs | 2021 Plan |  | 38 |  |  | 92 |
ESPP | ESPP |  | 276 |  |  | 276 |
Total unrecognized share-based compensation cost |  |  | $ | 24,275 |  |  | $ | 23,618 |
Share-based compensation recognized in the condensed consolidated statements of operations for the periods ended March 29, 2026 and March 30, 2025 is as follows:
|  |  | Three Months Ended |  | Nine Months Ended
| Award Plan |  | March 29, 2026 |  | March 30, 2025 |  | March 29, 2026 |  | March 30, 2025
Stock options | 2021 Plan |  | $ | 1,247 |  |  | $ | 2,063 |  |  | $ | 4,459 |  |  | $ | 7,588 |
Service based RSUs | 2021 Plan |  | 1,149 |  |  | 1,089 |  |  | 3,090 |  |  | 3,466 |
Market and service based RSUs | 2021 Plan |  | 523 |  |  | 684 |  |  | 1,541 |  |  | 1,328 |
Earnout RSUs | 2021 Plan |  | (2) |  |  | 16 |  |  | 4 |  |  | 40 |
Other share-based awards & settlements (1) | 2021 Plan |  | — |  |  | 4,809 |  |  | — |  |  | 5,249 |
ESPP | ESPP |  | 76 |  |  | 127 |  |  | 218 |  |  | 284 |
Total share-based compensation expense |  |  | $ | 2,993 |  |  | $ | 8,788 |  |  | $ | 9,312 |  |  | $ | 17,955 |
(1) Consists of the impact of the $21,053 cash settlement of 1,747,434 shares of Class A common stock and 773,753 stock options as part of an employment separation agreement with a long-time executive and Director of the Company during the period ended March 30, 2025, which resulted in an equity charge of $16,244 within Additional paid-in capital and share-based compensation expense within Selling, general, and administrative expenses of $4,809. The settled Class A common stock and stock options were then cancelled. The Company did not have any recognized income tax benefits, net of valuation allowances, related to our share-based compensation plans.

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