Agassi Sports (AASP) CEO Ronald Boreta granted 300,000 RSUs in new award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BORETA RONALD S reported acquisition or exercise transactions in this Form 4 filing.
Agassi Sports Entertainment Corp. director and CEO Ronald S. Boreta reported his ownership positions and a new equity award. The filing lists common stock held indirectly through Boreta Enterprises, Ltd., All-American Golf Center, Inc., and the Boreta Lifetime Trust, as well as a direct common stock holding.
Boreta also received a grant of 300,000 Restricted Stock Units under the issuer's 2026 Equity Incentive Plan, each representing the right to receive one share of common stock at settlement. These RSUs vest in three equal installments on December 31, 2026, 2027, and 2028, subject to his continued service, and will either vest or be canceled before those dates.
The filing notes that Boreta disclaims beneficial ownership of certain indirectly held shares except to the extent of his pecuniary interest, despite having voting and dispositive power over several entity-held blocks.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
BORETA RONALD S
Role
President, CEO, and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 300,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 300,000 shares (Direct, null);
Common Stock — 51,000 shares (Indirect, By Boreta Lifetime Trust);
Common Stock — 602,229 shares (Direct, null)
Footnotes (1)
- 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. 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. Shares held by All-American Golf Center, Inc., of which the Reporting Person is a director, and majority owner and in such capacity, have the right to vote and dispose of the securities held by such entity. Shares held by Boreta Enterprises, Ltd., of which the Reporting Person is the managing member and majority owner and in such capacity, have the right to vote and dispose of the securities held by such entity. Each RSU represents the contingent right to receive, at settlement, one share of common stock. The RSUs vest, if at all, at the rate of 1/3rd of such RSUs on each of December 31, 2026, 2027 and 2028, subject to the reporting person's continued service through the applicable vesting date. Restricted stock units do not expire; they either vest or are canceled prior to the vesting date. Issued under the Issuer's 2026 Equity Incentive Plan.
Key Figures
RSU grant size: 300,000 RSUs
RSU vesting 2026: 100,000 RSUs
RSU vesting 2027: 100,000 RSUs
+5 more
8 metrics
RSU grant size
300,000 RSUs
Grant of Restricted Stock Units to Ronald S. Boreta
RSU vesting 2026
100,000 RSUs
1/3 of RSUs vest December 31, 2026, subject to service
RSU vesting 2027
100,000 RSUs
1/3 of RSUs vest December 31, 2027, subject to service
RSU vesting 2028
100,000 RSUs
1/3 of RSUs vest December 31, 2028, subject to service
Indirect holding via Boreta Enterprises, Ltd.
360,784 shares
Common stock total shares following transaction
Indirect holding via All-American Golf Center, Inc.
1,495,390 shares
Common stock total shares following transaction
Direct common stock holding
602,229 shares
Common stock total shares following transaction
Indirect holding via Boreta Lifetime Trust
51,000 shares
Common stock total shares following transaction
Key Terms
Restricted Stock Units, beneficial ownership, pecuniary interest, Boreta Lifetime Trust, +1 more
5 terms
Restricted Stock Units financial
"Each RSU represents the contingent right to receive, at settlement, one share of common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
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 therein"
Boreta Lifetime Trust financial
"The Reporting Person is the trustee of the Boreta Lifetime Trust and in such capacity, has the right to vote"
2026 Equity Incentive Plan financial
"Restricted stock units do not expire; they either vest or are canceled prior to the vesting date. Issued under the Issuer's 2026 Equity Incentive Plan."
FAQ
What did Ronald S. Boreta report in his latest Form 4 for AASP?
Ronald S. Boreta reported his existing common stock holdings and a new equity award. The filing details direct and indirect ownership through several entities and discloses a grant of 300,000 Restricted Stock Units tied to future vesting dates and service conditions.
How many Restricted Stock Units did AASP grant to Ronald S. Boreta?
Agassi Sports Entertainment Corp. granted Ronald S. Boreta 300,000 Restricted Stock Units. Each RSU represents the contingent right to receive one share of common stock at settlement, issued under the company’s 2026 Equity Incentive Plan, with multi-year vesting conditions attached.
When do Ronald S. Boreta’s AASP RSUs vest?
The RSUs vest over three years, if at all. One-third of the 300,000 units is scheduled to vest on December 31, 2026, another third on December 31, 2027, and the final third on December 31, 2028, subject to Boreta’s continued service.
What does each AASP RSU granted to Ronald S. Boreta represent?
Each Restricted Stock Unit represents the contingent right to receive one share of Agassi Sports Entertainment Corp. common stock. Delivery occurs at settlement if vesting conditions are met, aligning the equity award with Boreta’s ongoing service over the specified vesting schedule.