SBET Form 4: Director Leslie Bernhard Sells Shares, Holds 24,998 After Sale

Rhea-AI Filing Summary

Leslie Bernhard, a director of SharpLink Gaming, Inc. (SBET), reported an insider sale. On 08/18/2025 Mr. Bernhard sold 18,334 shares of SharpLink common stock at a reported price of $19.1666 per share, and following the sale he beneficially owned 24,998 shares. The Form 4 identifies the filing as by one reporting person and shows the reporting person’s address as C/O SharpLink Gaming, Inc., Minneapolis, MN.

Positive

• Timely disclosure of insider sale under Section 16 is provided
• Post-transaction beneficial ownership is clearly reported as 24,998 shares

Negative

• Insider sale of 18,334 shares could reduce insider ownership (no further context provided)
• No explanation or indication of a 10b5-1 plan is included in the filing

Insights

Securities Analyst

TL;DR: A director executed a sizeable share sale, reducing his stake to 24,998 shares; transaction is a routine disclosure.

The Form 4 shows a director-level insider, Leslie Bernhard, sold 18,334 common shares on 08/18/2025 at $19.1666 per share. The filing is straightforward and contains no derivative transactions or amendments. From an investor disclosure perspective this is a standard Section 16 report documenting an insider sale and the remaining beneficial ownership. The form does not state any reason for the sale or any planned disposition agreement.

Corporate Governance Expert

TL;DR: Disclosure is complete for the reported sale, with clear ownership after the transaction; no governance red flags shown.

The Form 4 identifies the reporting person as a director and shows a single non-derivative sale. It reports the post-transaction beneficial ownership (24,998 shares) and includes a manual signature date of 08/18/2025. There are no related-party transaction notes, amendments, or 10b5-1 plan markings indicated on the face of the filing. Based solely on the form content, this appears to be a routine insider sale with full Section 16 disclosure.

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^*

Bernhard Leslie

(Last) (First) (Middle)

C/O SHARPLINK GAMING, INC.

333 WASHINGTON AVE. 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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

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	08/18/2025		S		18,334	D	$19.1666	24,998	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:

	/s/ Leslie Bernhard	08/18/2025
	** 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 insider transaction did SharpLink Gaming (SBET) report?

The Form 4 reports a sale by director Leslie Bernhard of 18,334 shares on 08/18/2025 at $19.1666 per share.

How many SharpLink (SBET) shares does the reporting person own after the transaction?

Following the reported sale the filing shows the reporting person beneficially owned 24,998 shares.

Was the Form 4 filed by multiple reporting persons for SBET?

No. The form indicates it was filed by one reporting person.

Does the Form 4 for SBET show any derivative transactions or plans?

No. The filing shows only a non-derivative sale and contains no derivative securities or 10b5-1 plan designation on its face.

Who signed the SBET Form 4 and when?

The signature block shows /s/ Leslie Bernhard with the date 08/18/2025.