Sec Form 4 Filing - Parker Brett I. @ Bowlero Corp. - 2021-12-15

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Parker Brett I. 2. Issuer Name and Ticker or Trading Symbol Bowlero Corp. [ [BOWL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Financial Officer (Last) (First) (Middle) C/O BOWLERO CORP., 222 WEST 44TH STREET 3. Date of Earliest Transaction (MM/DD/YY) 12/15/2021 (Street) NEW YORK, NY 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 Class A Common Stock 12/15/2021 A 992,844( 1 ) A 992,844 D Class A Common Stock 12/15/2021 A 1,472,387 A 2,465,231 D Class A Common Stock 12/15/2021 F 667,728 D $ 10 1,797,503 D Class A Common Stock 12/15/2021 A 697,702 A 2,495,205 D Class A Common Stock 12/15/2021 F 316,408 D $ 10 2,178,797 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 Stock Option (Right to Buy) $ 10 12/15/2021 A 183,128 12/15/2021 12/15/2031 Class A Common Stock 183,128 $ 0 183,128 D Stock Option (Right to Buy) $ 10 12/15/2021 A 393,750 ( 3 ) 12/15/2031 Class A Common Stock 393,750 $ 0 393,750 D Stock Option (Right to Buy) $ 12 12/15/2021 A 393,750 ( 4 ) 12/15/2031 Class A Common Stock 393,750 $ 0 393,750 D Stock Option (Right to Buy) $ 14 12/15/2021 A 393,750 ( 5 ) 12/15/2031 Class A Common Stock 393,750 $ 0 393,750 D Stock Option (Right to Buy) $ 16 12/15/2021 A 393,750 ( 6 ) 12/15/2031 Class A Common Stock 393,750 $ 0 393,750 D Stock Option (Right to Buy) $ 18 12/15/2021 A 393,750 ( 7 ) 12/15/2031 Class A Common Stock 393,750 $ 0 393,750 D Stock Option (Right to Buy) $ 7.92 12/15/2021 A 4,079,120 12/15/2021 12/15/2031 Class A Common Stock 4,079,120 ( 8 ) 4,079,120 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Parker Brett I. C/O BOWLERO CORP. 222 WEST 44TH STREET NEW YORK, NY Chief Financial Officer Signatures Brett Parker By: , as attorney-in-fact for Brett Parker 12/17/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Repressents restricted shares ("Restricted Shares") of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") received in connection with the Acquisition. 50% of the Restricted Shares will vest if the closing share price of the Class A Common Stock equals or exceeds $15.00 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 50% of the Restricted Shares 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 )Represents shares of Class A Common Stock of the Issuer received in exchange for shares of capital stock of Bowlero. Corp ("Legacy Bowlero") in connection with the acquisition by the Issuer of Legacy Bowlero (the "Acquisition"). ( 3 )The stock options will vest and become exercisable in one-third installments on the first, second and third anniversaries of December 15, 2021. ( 4 )The stock options will vest and become exercisable in one-third installments on the second, third and fourth anniversaries of December 15, 2021. ( 5 )The stock options will vest and become exercisable in one-third installments on the third, fourth and fifth anniversaries of December 15, 2021. ( 6 )The stock options will vest and become exercisable in one-third installments on the fourth, fifth and sixth anniversaries of December 15, 2021. ( 7 )The stock options will vest and become exercisable in one-third installments on the fifth, sixth and seventh anniversaries of December 15, 2021. ( 8 )Represents stock options received in connection with the Acquisition in exchange for stock options of Legacy Bowlero.

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).

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