Agassi Sports insider gifts 300,000 shares
AASP director and ten percent owner James M. Askew gifted 300,000 common shares to his three adult sons, reducing his reported direct holdings to about 1.8 million shares.
Rhea-AI Filing Summary
Agassi Sports Entertainment Corp. (AASP) reported that director and ten percent owner James M. Askew made a bona fide gift transfer of 300,000 shares of Common Stock on September 8, 2026. The gift was to his three adult sons, and Askew reported 1,797,860 shares held directly afterward.
Positive
- None.
Negative
- None.
Insider Trade Summary
300,000 shares gifted
Gift
1 txn
Insider
Askew James M.
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 300,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 1,797,860 shares (Direct)
Footnotes (1)
- F1. This transaction involved a gift of securities by the Reporting Person to his three adult sons (100,000 shares each), of which the Reporting Person disclaims any beneficial ownership.
Key Figures
Shares gifted: 300,000 shares
Shares held after transaction: 1,797,860 shares
Gift price per share: $0.00 per share
+2 more
5 metrics
Shares gifted
300,000 shares
Bona fide gift of Common Stock on September 8, 2026
Shares held after transaction
1,797,860 shares
Direct holdings after the September 8, 2026 gift
Gift price per share
$0.00 per share
Reported transaction price for gifted Common Stock
Number of gift recipients
3 individuals
Three adult sons receiving 100,000 shares each
Shares gifted per recipient
100,000 shares
Each of the three adult sons received this amount
Key Terms
bona fide gift, beneficial ownership, ten percent owner
3 terms
bona fide gift regulatory
"The transaction code description identifies the transfer as a 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 regulatory
"the Reporting Person disclaims any beneficial ownership"
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.
ten percent owner regulatory
"Askew James M. is reported as a ten percent owner"
FAQ
What insider transaction did AASP report for James M. Askew?
AASP reported that James M. Askew made a bona fide gift of 300,000 shares of Common Stock on September 8, 2026, to his three adult sons, 100,000 shares each.
Was the AASP insider transaction a sale for cash?
No. The filing describes the transaction as a bona fide gift of 300,000 shares with a reported per-share price of $0.00, not a market sale for cash.
Was the AASP insider gift made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not checked, and no footnote states that the gift was made under a trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.