Agassi Sports director exercises 2.27M share warrant

Agassi Sports Entertainment Corp. director and 10% owner James M. Askew reported a large warrant exercise and related share issuance.

Rhea-AI Filing Summary

Agassi Sports Entertainment Corp. director and 10% owner James M. Askew reported a large warrant exercise and related share issuance. On February 4, 2026, he exercised a warrant for 2,269,583 shares of common stock at $0.397 per share using a cashless method. The issuer withheld 171,843 warrant shares to cover the exercise price and issued 2,097,740 shares to him. Following these transactions, he reported owning 2,097,860 shares of common stock directly and no remaining warrants of this series.

Insider Trade Summary

2,269,583 shares exercised/converted

Exercise 3 txns

Insider Askew James M.

Role Director, 10% Owner

Type	Security	Shares	Price	Value
Exercise	Common Stock	2,269,583	$0.397	$901K
Exercise Price or Tax Liability	Common Stock	171,843	$5.2433	$901K
Exercise	Warrant to Purchase Common Stock	2,269,583	$0.00	$0.00

Holdings After Transaction: Warrant to Purchase Common Stock — 0 contracts (Direct); Common Stock — 2,097,860 shares (Direct)

Footnotes (2)

1. F1. On February 4, 2026, the reporting person exercised a warrant to purchase 2,269,583 shares of the Issuer's common stock for $0.397 per share. The reporting person paid the exercise price on a cashless basis, resulting in the Issuer withholding 171,843 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 2,097,740 shares.
2. F2. A total of 1,134,792 of the warrants were exercisable immediately upon grant on July 3, 2024 and 1,134,791 of the warrants were exercisable on July 3, 2025.

FAQ

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What did Agassi Sports (AASP) insider James Askew report on this Form 4?

James M. Askew reported exercising a warrant for 2,269,583 Agassi Sports common shares at $0.397 per share. The exercise was cashless, with shares withheld to cover the cost and new shares issued to him, updating his direct ownership position.

How many Agassi Sports (AASP) shares did James Askew acquire through the warrant exercise?

He exercised a warrant for 2,269,583 Agassi Sports common shares at $0.397 per share. After a cashless exercise where 171,843 shares were withheld to pay the exercise price, 2,097,740 shares were issued to him according to the explanatory footnote.

What is James Askew’s Agassi Sports (AASP) share ownership after the reported transactions?

After the February 4, 2026 transactions, James M. Askew reported directly owning 2,097,860 shares of Agassi Sports common stock. This figure reflects his position following the warrant exercise and related share withholding described in the Form 4 filing.

Was cash paid for the Agassi Sports (AASP) warrant exercise reported by James Askew?

The warrant exercise was completed on a cashless basis, meaning no cash changed hands. Instead, Agassi Sports withheld 171,843 of the warrant shares to cover the $0.397 per share exercise price and issued the remaining 2,097,740 shares to James M. Askew.

What happened to the Agassi Sports (AASP) warrant held by James Askew?

The warrant to purchase 2,269,583 Agassi Sports common shares was exercised on February 4, 2026. After this transaction, the Form 4 shows zero derivative securities of this warrant series beneficially owned, indicating the reported warrant position was fully exercised.

When were the Agassi Sports (AASP) warrants held by James Askew originally exercisable?

The filing notes that 1,134,792 of the warrants became exercisable immediately upon grant on July 3, 2024, while the remaining 1,134,791 warrants became exercisable on July 3, 2025. Together, they totaled the 2,269,583-share warrant later exercised.

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Accepted by SEC EDGAR 02/05/2026 - 05:11 PM EST Learn about SEC filing dates

SEC Form 4

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Askew James M.

(Last) (First) (Middle)

1120 N. TOWN CENTER DR #160

(Street)

LAS VEGAS NV 89144

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Agassi Sports Entertainment Corp. [ AASP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/04/2026

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	02/04/2026		M		2,269,583(1)	A	$0.397	2,269,703	D
Common Stock	02/04/2026		F		171,843(1)	D	$5.2433	2,097,860	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
Warrant to Purchase Common Stock	$0.397	02/04/2025		M			2,269,583	(2)	07/03/2029	Common Stock	2,269,583	$0	0	D

Explanation of Responses:

1. On February 4, 2026, the reporting person exercised a warrant to purchase 2,269,583 shares of the Issuer's common stock for $0.397 per share. The reporting person paid the exercise price on a cashless basis, resulting in the Issuer withholding 171,843 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 2,097,740 shares.

2. A total of 1,134,792 of the warrants were exercisable immediately upon grant on July 3, 2024 and 1,134,791 of the warrants were exercisable on July 3, 2025.

	/s/ James M. Askew	02/05/2026
	** 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.