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Form 4 GameSquare Holdings, For: May 22 Filed by: Blue & Silver Ventures, Ltd.

May 27, 2026 5:59 PM
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
Blue & Silver Ventures, Ltd.
(Last) (First) (Middle)
C/O GAMESQUARE HOLDINGS, INC.
6775 COWBOYS WAY, STE. 1335
(Street)
FRISCO TX 75034
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
GameSquare Holdings, Inc. [ GAME ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
Officer (give title below) X Other (specify below)
See Footnote (1)
3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/22/2026 J (2) 1,371,439 A $ 0 5,233,174 (1) (3) D
Common Stock 05/26/2026 P 620,100 A $ 0.4331 5,853,274 (1) D
Common Stock 05/27/2026 P 144,346 A $ 0.4178 (4) (5) 5,997,620 (1) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants (right to purchase) $ 1.55 05/22/2026 J (2) 205,716 (6) 03/08/2024 03/08/2029 Common Stock 205,716 (6) $ 0 205,716 (6) D
Explanation of Responses:
1. Thomas L. Walker, who is a director of the issuer, is the treasurer for the reporting person and serves on the issuer's board of directors as the reporting person's representative. In light of Mr. Walker's relationship with the reporting person, the reporting person may be deemed a "director by deputization" of the issuer for purposes of Section 16 of the Securities Exchange Act of 1934. This filing is therefore being made out of an abundance of caution, without taking any position as to whether the reporting person is in fact a director by deputization. Mr. Walker disclaims beneficial ownership of any securities of the issuer held by the reporting person, except to the extent of his pecuniary interest therein, if any.
2. Distribution from Goff Jones Strategic Partners, LLC ("Goff Jones"), of which the reporting person is a member. Goff Jones no longer serves its original purpose and is being dissolved. Prior to its dissolution, Goff Jones distributed all of its Common Stock and warrants exercisable for Common Stock to its members. No securities of the issuer were sold by Goff Jones as part of the dissolution.
3. The reporting person's beneficial ownership has been reduced to adjust for an overstatement of one share of Common Stock in a Form 4 filed on April 27, 2026.
4. Represents the weighted average sale price of Common Stock purchased in a series of open market transactions on the transaction date at prices ranging from $0.4 to $0.4327 per share.
5. The reporting person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each price.
6. Prior to the dissolution of Goff Jones, the reporting person received a portion of the warrants held by Goff Jones exercisable for 205,716 shares of Common Stock.
/s/ Thomas L. Walker 05/27/2026
** Signature of Reporting Person Date
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.

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