AASP CEO shifts 1.5M shares via estate planning gift
Agassi Sports Entertainment Corp. director and CEO Ronald S. Boreta reported an internal share transfer done for estate planning purposes.
Rhea-AI Filing Summary
Agassi Sports Entertainment Corp. director and CEO Ronald S. Boreta reported an internal share transfer done for estate planning purposes. On June 30, 2026, All-American Golf Center, Inc. gifted 1,495,390 shares of common stock to the Boreta Lifetime Trust, with no change in beneficial ownership of the shares.
Boreta is trustee of the Boreta Lifetime Trust and a director and majority owner of All-American Golf Center, Inc., and in these roles holds voting and disposal rights over those entities’ shares. After the filing date, he also reports 602,229 shares held directly and 360,784 shares held through Boreta Enterprises, Ltd.
Positive
- None.
Negative
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Insider Trade Summary
2,990,780 shares gifted
Gift
4 txns
Insider
BORETA RONALD S
Role
President, CEO, and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,495,390 | $0.00 | $0.00 |
| Gift | Common Stock | 1,495,390 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,546,390 shares (Indirect, By Boreta Lifetime Trust);
Common Stock — 0 shares (Indirect, By All-American Golf Center, Inc.);
Common Stock — 602,229 shares (Direct);
Common Stock — 360,784 shares (Indirect, By Boreta Enterprises, Ltd.)
Footnotes (5)
- F1. On June 30, 2026, All-American Golf Center, Inc. gifted 1,495,390 shares of common stock to the Boreta Lifetime Trust, for estate planning purposes - There was no change in the beneficial ownership of the gifted shares in connection with such transaction.
- F2. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F3. The Reporting Person is the trustee of the Boreta Lifetime Trust and in such capacity, has the right to vote and dispose of the securities held by such entity.
- F4. The Reporting Person is a director, and majority owner of All-American Golf Center, Inc. and in such capacity, has the right to vote and dispose of the securities held by such entity.
- F5. Shares held by Boreta Enterprises, Ltd., of which the Reporting Person is the managing member and majority owner and in such capacity, has the right to vote and dispose of the securities held by such entity.
Key Figures
Estate planning gift: 1,495,390 shares
Direct holdings after transaction: 602,229 shares
Indirect holdings via Boreta Enterprises, Ltd.: 360,784 shares
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4 metrics
Estate planning gift
1,495,390 shares
Common stock gifted from All-American Golf Center, Inc. to Boreta Lifetime Trust on June 30, 2026
Direct holdings after transaction
602,229 shares
Common stock held directly by Ronald S. Boreta following the reported transactions
Indirect holdings via Boreta Enterprises, Ltd.
360,784 shares
Common stock reported as indirectly owned through Boreta Enterprises, Ltd.
Indirect holdings via Boreta Lifetime Trust
1,546,390 shares
Common stock held by the Boreta Lifetime Trust after receiving the gift
Key Terms
bona fide gift, beneficial ownership, pecuniary interest, Section 16
4 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
beneficial ownership financial
"no change in the beneficial ownership of the gifted shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"
Section 16 regulatory
"shall not be deemed an admission of beneficial ownership ... for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transaction did AASP report for Ronald S. Boreta?
Ronald S. Boreta reported an internal share transfer labeled as a bona fide gift. All-American Golf Center, Inc. gifted 1,495,390 Agassi Sports Entertainment common shares to the Boreta Lifetime Trust, with the filing stating there was no change in beneficial ownership.
What indirect AASP holdings are reported for Ronald S. Boreta?
The filing shows 360,784 shares held indirectly through Boreta Enterprises, Ltd. and 1,546,390 shares held through the Boreta Lifetime Trust. Boreta has voting and disposal rights in these entities, giving him indirect economic exposure to these share positions.
Is the AASP Form 4 transaction an open-market sale or purchase?
No. The reported Form 4 transaction is a bona fide gift between related entities, not an open-market trade. The transfer was executed for estate planning purposes and did not involve a sale or purchase of shares in the public market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
