# EDGAR Filing Document

**Accession Number:** 0001840572
**File Stem:** 0000950170-23-006327
**Filing Date:** 2023-3
**Character Count:** 11057
**Document Hash:** 117b70a50c8d106bea1e8c7e7973ec16
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-23-006327.hdr.sgml**: 20230306

**ACCESSION NUMBER**: 0000950170-23-006327

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230302

**FILED AS OF DATE**: 20230306

**DATE AS OF CHANGE**: 20230306

**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:** 23710538

**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:** 23710536

**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:** 23710537

**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

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Shannon Thomas F.<br><sub>(Last) (First) (Middle)</sub><br>C/O BOWLERO CORP.<br>7313 BELL CREEK ROAD<br><sub>(Street)</sub><br>MECHANICSVILLE, VA 23111<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-02 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Executive Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Bowlero Corp. [ BOWL ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Cobalt Recreation LLC<br><sub>(Last) (First) (Middle)</sub><br>C/O BOWLERO CORP.<br>222 WEST 44TH STREET<br><sub>(Street)</sub><br>NEW YORK, NY 10036<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-02 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Bowlero Corp. [ BOWL ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Cobalt Group, LLC<br><sub>(Last) (First) (Middle)</sub><br>C/O BOWLERO CORP.<br>222 WEST 44TH STREET<br><sub>(Street)</sub><br>NEW YORK, NY 10036<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-02 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Bowlero Corp. [ BOWL ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Units | <sup>(1)</sup> | 2023-03-02 |  | M |  |  | 4908234 | <sup>(1)</sup> | 2026-12-15 | Class B Common Stock<sup>(2)</sup> | 4908234 | <sup>(1)</sup> | 4908234 | I | See Footnote<sup>(3)</sup> |
| Class B Common Stock | <sup>(2)</sup> | 2023-03-02 |  | M |  | 4908234 |  | <sup>(2)</sup> | <sup>(2)</sup> | Class A Common Stock | 4908234 | <sup>(1)</sup> | 8348227 | D |  |
| Class B Common Stock | <sup>(2)</sup> |  |  |  |  |  |  | <sup>(2)</sup> | <sup>(2)</sup> | Class A Common Stock | 52471210 |  | 52471210 | I | See Footnote<sup>(3)</sup> |

---

### Footnotes:

(1) 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"). 50% of the RSUs vested on March 2, 2023 upon the closing share price of the Class A Common Stock equaling or exceeding $15.00 per share for 10 trading days within a consecutive 20-trading day period on or prior to the 5-year anniversary of the closing date of the Acquisition. The remaining 50% of 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.

(2) 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.

(3) 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.

**Signature:** Thomas F. Shannon By: /s/ Jason Cohen, as attorney-in-fact for Thomas F. Shannon  
**Date:** 2023-03-06

**Signature:** Cobalt Recreation LLC By:  /s/ Jason Cohen, as attorney-in-fact for Thomas F. Shannon  
**Date:** 2023-03-06

**Signature:** The Cobalt Group LLC By:  /s/ Jason Cohen, as attorney-in-fact for Thomas F. Shannon  
**Date:** 2023-03-06

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**