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Agassi Sports Entertainment (AASP) awards 1M spouse warrants in brand deal

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Agassi Sports Entertainment Corp. reported that ten percent owner Andre Agassi, through his spouse, received a grant of warrants for 1,000,000 shares of common stock. The warrants have an exercise price of $5.50 per share and expire on November 22, 2030.

According to the disclosure, half of the warrants became exercisable on November 22, 2025, and the remaining half become exercisable on November 22, 2026. The securities were issued to Agassi’s spouse as consideration for services under a Brand Partner Agreement, and are reported as indirectly owned. The filing also shows indirect holdings of common stock through LLC entities.

Positive

  • None.

Negative

  • None.
Insider AGASSI ANDRE K
Role 10% Owner
Type Security Shares Price Value
Grant/Award Warrant to Purchase Common Stock 1,000,000 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Warrant to Purchase Common Stock — 1,000,000 shares (Indirect, By Spouse); Common Stock — 952,123 shares (Indirect, BY LLC)
Footnotes (1)
  1. These shares are held directly by Investments AKA, LLC which is managed by Agassi Ventures, LLC which is managed by the Reporting Person. All of the membership interests of Investments AKA, LLC are held by Agassi Ventures, LLC. The Andre Agassi Trust, of which the Reporting Person is the Trustee, holds all of the membership interests of Agassi Ventures, LLC. These shares are held directly by ASI Group, LLC which is managed by AKA Four, LLC which is managed by Agassi Ventures, LLC which is managed by the Reporting Person. Investments AKA, LLC owns 100% of ASI Group, LLC. Half of the warrants were exercisable immediately upon grant on November 22, 2025, and the other half of the warrants become exercisable on November 22, 2026. Issued in consideration for services rendered and to be rendered pursuant to the terms of a Brand Partner Agreement entered into between the Issuer and the spouse of the Reporting Person. The reported securities are directly held by the Reporting Person's spouse.
Warrant grant size 1,000,000 warrants Grant to spouse reported as indirect interest
Exercise price $5.50 per share Exercise price of warrants for common stock
Warrant expiration November 22, 2030 Final expiration date of reported warrants
Initial exercisable portion 50% of warrants Exercisable on November 22, 2025
Later exercisable portion 50% of warrants Becomes exercisable on November 22, 2026
Indirect holding via Investments AKA, LLC 952,123 shares Common stock held through LLC structure
Indirect holding via ASI Group, LLC 637,044 shares Common stock held through LLC structure
Warrant to Purchase Common Stock financial
"security_title: "Warrant to Purchase Common Stock""
Brand Partner Agreement financial
"services rendered and to be rendered pursuant to the terms of a Brand Partner Agreement"
ten percent owner financial
"the Reporting Person is a ten percent owner of the issuer"
indirect ownership financial
"ownership_type: "indirect" and nature_of_ownership: "By Spouse""
warrants become exercisable financial
"the other half of the warrants become exercisable on November 22, 2026"
SEC Form 4
FORM 4UNITED 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*
AGASSI ANDRE K

(Last)(First)(Middle)
1120 N. TOWN CENTER DR #160

(Street)
LAS VEGAS NEVADA 89144

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Agassi Sports Entertainment Corp. [ AASP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
11/22/2025
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock952,123IBY LLC(1)
Common Stock637,044IBY LLC(2)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Warrant to Purchase Common Stock$5.511/22/2025A1,000,000 (3)11/22/2030Common Stock1,000,000(4)1,000,000IBy Spouse(5)
Explanation of Responses:
1. These shares are held directly by Investments AKA, LLC which is managed by Agassi Ventures, LLC which is managed by the Reporting Person. All of the membership interests of Investments AKA, LLC are held by Agassi Ventures, LLC. The Andre Agassi Trust, of which the Reporting Person is the Trustee, holds all of the membership interests of Agassi Ventures, LLC.
2. These shares are held directly by ASI Group, LLC which is managed by AKA Four, LLC which is managed by Agassi Ventures, LLC which is managed by the Reporting Person. Investments AKA, LLC owns 100% of ASI Group, LLC.
3. Half of the warrants were exercisable immediately upon grant on November 22, 2025, and the other half of the warrants become exercisable on November 22, 2026.
4. Issued in consideration for services rendered and to be rendered pursuant to the terms of a Brand Partner Agreement entered into between the Issuer and the spouse of the Reporting Person.
5. The reported securities are directly held by the Reporting Person's spouse.
Remarks:
This Form 4 is filed late due to an inadvertent administrative error and is being submitted out of chronological order. It reports a transaction that occurred on November 22, 2025, prior to the filing dates of subsequent Form 4 reports for later transactions.
/s/ Andre K. Agassi04/09/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Andre Agassi report in this Form 4 for AASP?

Andre Agassi reported an indirect acquisition of warrants for 1,000,000 Agassi Sports Entertainment Corp. shares. These derivative securities are held by his spouse and give the right to buy common stock at a fixed exercise price under specified terms.

What are the key terms of the 1,000,000 AASP warrants reported?

The Form 4 shows 1,000,000 warrants with an exercise price of $5.50 per share, expiring on November 22, 2030. Half were exercisable immediately on November 22, 2025, and the remaining half become exercisable on November 22, 2026, subject to their terms.

Who directly holds the AASP warrants disclosed for Andre Agassi?

The filing states the reported securities are directly held by Andre Agassi’s spouse. Agassi reports them as an indirect interest, reflecting his relationship to the holder rather than direct personal ownership of the warrants or underlying common shares.

Why were the AASP warrants granted to Andre Agassi’s spouse?

According to the disclosure, the warrants were issued as consideration for services rendered and to be rendered under a Brand Partner Agreement between Agassi Sports Entertainment Corp. and Agassi’s spouse, aligning compensation with the company’s equity.

What indirect AASP common stock holdings are shown for Andre Agassi?

The Form 4 lists indirect holdings of 952,123 shares and 637,044 shares of common stock through LLC entities. These positions are held via Investments AKA, LLC and ASI Group, LLC structures managed through Agassi-related entities, as described in the footnotes.