[Form 4] SharpLink Gaming Ltd. Insider Trading Activity

Rhea-AI Filing Summary

SharpLink Gaming, Inc. (SBET) – Form 4 filing dated 07/02/2025

Director Leslie Bernhard reported the acquisition of 5,556 shares of SharpLink Gaming common stock on 06/30/2025. The shares were received at a cost basis of $0.00 upon the vesting of previously granted restricted stock units (RSUs) (see Footnote 1). Following the transaction, Bernhard directly owns 78,890 shares of SBET. No derivative securities were reported, and no dispositions occurred.

The filing represents a routine equity-compensation vesting event, increasing insider ownership but involving no cash purchase or open-market activity.

Positive

• Increased insider ownership: Director Leslie Bernhard’s holdings rose to 78,890 shares, marginally enhancing management-shareholder alignment.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine RSU vesting; neutral impact on valuation.

The Form 4 shows a standard compensation event—5,556 RSUs vested to Director Leslie Bernhard at no cost, lifting her direct holdings to 78,890 shares. There is no sale, no cash outlay, and no derivative activity, so the filing does not alter the company’s capital structure or signal management sentiment beyond ongoing incentive alignment. Given the relatively small share amount and absence of market transactions, the disclosure is informational but not materially price-sensitive.

SEC Form 4

FORM 4

UNITED 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
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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^*

Phythian Rob

(Last) (First) (Middle)

C/O SHARPLINK GAMING, INC.

333 WASHINGTON AVENUE NORTH

(Street)

MINNEAPOLIS MN 55401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SharpLink Gaming, Inc. [ SBET ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/30/2025		A		6,250	A	$0(1)	63,599	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Common Stock acquired upon vesting of restricted stock units.

	/s/ Rob Phythian	07/02/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did SharpLink Gaming (SBET) disclose in the latest Form 4?

Director Leslie Bernhard acquired 5,556 common shares via RSU vesting on 06/30/2025.

Was there any cash purchase of SBET shares by the insider?

No. The shares were received at $0.00 cost upon restricted stock unit vesting.

How many SBET shares does Leslie Bernhard now own?

After the transaction, Bernhard directly owns 78,890 shares.

Does the Form 4 include any sales or derivative transactions?

No sales or derivative security transactions were reported.

Why is the transaction code marked "A" on the Form 4?

Code "A" signifies an acquisition; in this case, shares acquired through RSU vesting.