SharpLink Gaming Grants 295k RSUs to New Co-CEO Joseph Chalom

Rhea-AI Filing Summary

SharpLink Gaming (SBET) – Form 4 filing

Co-Chief Executive Officer Joseph Chalom disclosed the award of 295,590 restricted stock units (RSUs) on 24 Jul 2025 under his employment agreement. The filing lists transaction code “A,” confirming an equity grant, not an open-market trade. Each RSU equals one common share.

Vesting terms: one-third vests on the first anniversary of the grant date, with the remaining two-thirds vesting in equal quarterly instalments thereafter, subject to continued employment. Following the transaction, Chalom directly holds 295,590 derivative securities; no non-derivative shares were reported.

The company also granted performance-based RSUs on the same date. Because those units depend on future performance hurdles, they are excluded from this Form 4.

No insider sales occurred, so immediate selling pressure is absent. The award modestly increases potential share count but strengthens management-shareholder alignment by linking compensation to long-term stock performance.

Positive

• No insider selling: the Form 4 records only an equity award, signalling management retention rather than cashing out.
• Service-based vesting keeps the executive focused on long-term company performance, improving alignment with shareholders.

Negative

• Share dilution risk: 295,590 new shares will enter the float as units vest.
• Unquantified performance RSUs: additional contingent awards could increase dilution once conditions are met.

Insights

Securities Analyst

TL;DR: Grant adds 295k potential shares but signals commitment; neutral short-term market impact.

The transaction is strictly an equity grant with no cash cost and no sales, eliminating immediate liquidity concerns. The quantity (≈1–2% of SBET’s float, depending on latest share count) is modest and spread over multiple years, limiting dilution. Because vesting requires continued service, the grant acts as a retention tool and could enhance strategic continuity at a critical growth stage. Investors should monitor future Form 4s for any additional awards or early terminations that might accelerate dilution.

Corporate Governance Expert

TL;DR: Long-term, service-based RSUs align interests; governance profile mildly positive.

The 12-month cliff followed by quarterly vesting is shareholder-friendly, ensuring value is earned over time. Excluding performance-based RSUs from the filing complies with SEC guidance, but the board should disclose targets to enhance transparency. The absence of 10b5-1 plan notation suggests flexibility in future insider activity, a point investors may watch. Overall, the equity package supports alignment without excessive upfront dilution.

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
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^*

Chalom Joseph

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025

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

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
Restricted Stock Units(1)	(2)	07/24/2025		A		295,590		(3)	(3)	Common Stock	295,590	(2)	295,590	D

Explanation of Responses:

1. Restricted stock units issued in connection with the Reporting Person's appointment as Co-Chief Executive Officer and corresponding employment agreement entered into on July 24, 2025 by and between the Reporting Person and the Issuer.

2. Each restricted stock unit represents a contingent right to receive one share of SharpLink Gaming, Inc common stock.

3. The restricted stock units shall vest with one-third (1/3) on the first (1st) anniversary of July 24, 2025, and the remaining units vesting in equal quarterly installments thereafter, subject to the Reporting Person's continued employment with the Issuer as of the vesting date.

Remarks:

Note: 1. On July 24, 2025, the reporting person was also granted performance-based restricted stock units that are subject to material conditions beyond the reporting person's control, and, therefore, are not considered derivative securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, and are excluded from this report. 2. For purposes of Footnote 6 to this Form 4, the grant date, or July 24, 2025, for such restricted stock unit awards means the date that the Company established the vesting terms and the number of shares subject to the grant under the employment agreement; however the Compensation Committee has 30 days to formally approve the grant and register the shares.

	/s/ Joseph Chalom	08/04/2025
	** 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

How many RSUs did SharpLink Gaming (SBET) grant to Co-CEO Joseph Chalom?

295,590 restricted stock units were awarded on 24 Jul 2025.

What is the vesting schedule for the SBET RSU grant disclosed in the Form 4?

One-third vests after 12 months, with the balance vesting in equal quarterly instalments thereafter.

Did Joseph Chalom buy or sell SharpLink Gaming stock?

No; the Form 4 shows an equity award (code "A"), not a purchase or sale.

Will the RSU grant dilute SBET shareholders?

Yes, up to 295,590 new shares may be issued as the units vest, increasing share count over time.

Are additional performance-based RSUs involved?

Yes, the filing notes performance RSUs granted the same day, but they are excluded until conditions are met.

When was the Form 4 for SBET filed?

The document was signed and filed on 04 Aug 2025.