BlockchAIn Digital Infrastructure (AIB) director awarded shares and options in SGN merger
Rhea-AI Filing Summary
BlockchAIn Digital Infrastructure, Inc. director Nelson Daniel D reported equity grants and option conversions tied to the closing of a Business Combination Agreement with Signing Day Sports, Inc. On March 16, 2026, he received common stock and replacement stock options in BlockchAIn instead of prior SGN awards.
The filing shows three employee stock options converted into options to buy 59, 10, and 195 BlockchAIn common shares at exercise prices of $1,594.17 and $1,157.06 per share. It also reports grants or conversions of 37,527 common shares held directly and 2,917 shares held indirectly by The Nelson Revocable Living Trust, for which he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 40,444 shares
Net Buy
5 txns
Insider
Nelson Daniel D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 59 | $0.00 | $0.00 |
| Grant/Award | Stock Option (right to buy) | 10 | $0.00 | $0.00 |
| Grant/Award | Stock Option (right to buy) | 195 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 37,527 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 2,917 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (right to buy) — 264 shares (Direct);
Common Stock — 37,527 shares (Direct);
Common Stock — 2,917 shares (Indirect, By The Nelson Revocable Living Trust)
Footnotes (5)
- F1. Pursuant to the Business Combination Agreement, dated as of May 27, 2025, by and among Signing Day Sports, Inc., a Delaware corporation ("SGN"), One Blockchain LLC, a Delaware limited liability company, BlockchAIn Digital Infrastructure, Inc., a Delaware corporation ("BlockchAIn"), BCDI Merger Sub I Inc., a Delaware corporation, and BCDI Merger Sub II LLC, a Delaware limited liability company, as amended (the "Business Combination Agreement"), on the date of the closing (the "Closing") of the transactions contemplated by the Business Combination Agreement, or March 16, 2026, the reporting person received 0.09334 common shares of BlockchAIn for every share of common stock of SGN held by the reporting person, subject to rounding adjustments. The last reported sale price of SGN common stock after the Closing was $0.54 per share, as reported on March 16, 2026. The first reported sale price after the Closing of BlockchAIn's common stock was $4.60 per share, as reported on March 17, 2026.
- F2. The reporting person is a co-trustee of The Nelson Revocable Living Trust, an Arizona trust provided for by the Nelson Revocable Living Trust Agreement established on March 9, 1999 and amended and restated on November 21, 2005. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- F3. Pursuant to the terms of the Business Combination Agreement, on the date of the Closing, the reporting person's employee stock option to acquire 625 shares of SGN common stock for $148.80 per share was assumed by BlockchAIn and automatically converted into an option to purchase 59 common shares of BlockchAIn exercisable for $1,594.17 per share.
- F4. Pursuant to the terms of the Business Combination Agreement, on the date of the Closing, the reporting person's employee stock option to acquire 105 shares of SGN common stock for $148.80 per share was assumed by BlockchAIn and automatically converted into an option to purchase 10 common shares of BlockchAIn exercisable for $1,594.17 per share.
- F5. Pursuant to the terms of the Business Combination Agreement, on the date of the Closing, the reporting person's employee stock option to acquire 2,084 shares of SGN common stock for $108.00 per share was assumed by BlockchAIn and automatically converted into an option to purchase 195 common shares of BlockchAIn exercisable for $1,157.06 per share.
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FAQ
What insider transactions did Nelson Daniel D report for BlockchAIn Digital Infrastructure (AIB)?
Nelson Daniel D reported equity acquisitions, not open-market trades. He received BlockchAIn common stock and replacement stock options on March 16, 2026, in connection with a Business Combination Agreement with Signing Day Sports, Inc., converting prior SGN equity awards into BlockchAIn instruments.
What indirect holdings did The Nelson Revocable Living Trust receive in BlockchAIn (AIB)?
The Nelson Revocable Living Trust received 2,917 BlockchAIn common shares on March 16, 2026. Nelson Daniel D is a co‑trustee and disclaims beneficial ownership of these securities except to the extent of his pecuniary interest, meaning economic benefit he may derive from the trust holdings.
How were Nelson Daniel D’s SGN stock options converted in the BlockchAIn business combination?
Existing employee stock options in Signing Day Sports, Inc. were assumed by BlockchAIn and automatically converted. They became options to purchase 59, 10, and 195 BlockchAIn shares, exercisable at $1,594.17 and $1,157.06 per share, preserving his economic position under the new entity.
What were the reported post-closing stock prices for SGN and BlockchAIn?
After the closing, the last reported sale price of SGN common stock was $0.54 per share on March 16, 2026. The first reported sale price of BlockchAIn’s common stock was $4.60 per share on March 17, 2026, illustrating pricing for each security around the transaction.