SharpLink (SBET) Insider Sale: Gutkowski Disposes of 18,334 Shares

Rhea-AI Filing Summary

Robert M. Gutkowski, a director of SharpLink Gaming, Inc. (SBET), reported a sale of 18,334 shares of common stock on 08/18/2025 at a reported price of $19.1722 per share. After the transaction he beneficially owned 24,998 shares. The Form 4 was signed by Mr. Gutkowski on 08/18/2025.

Positive

• None.

Negative

• Director sale reported: Robert M. Gutkowski disposed of 18,334 common shares at $19.1722 per share on 08/18/2025.
• Reduced beneficial ownership: Post-transaction beneficial ownership declined to 24,998 shares.

Insights

Securities/Corporate Governance Analyst

TL;DR: Director sold a meaningful block of shares, reducing his stake to 24,998 shares.

The filing discloses a non-derivative sale by Director Robert M. Gutkowski of 18,334 common shares at $19.1722 per share on 08/18/2025, leaving him with 24,998 shares beneficially owned. This is a routine Section 16 disclosure showing an open-market or private disposition (transaction code S). The report is informational and does not state any change in role or additional context.

Equity Trading Specialist

TL;DR: Insider sale is material to ownership but filing shows no derivative activity or plan details.

The Form 4 reports only a straight sale of common stock and no associated derivative transactions or 10b5-1 plan notation. The size of the sale relative to post-transaction holdings is significant for this reporting person but the document contains no information on whether proceeds were used for other purposes or whether similar sales will follow.

Insider Trade Summary

Net Seller: 18,334 shares ($351,503)

Net Sell 1 txn

Insider GUTKOWSKI ROBERT M

Role Director

Sold 18,334 shs ($352K)

Type	Security	Shares	Price	Value
Sale	Common Stock	18,334	$19.1722	$352K

Holdings After Transaction: Common Stock — 24,998 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

GUTKOWSKI ROBERT M

(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	$19.1722	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/ Robert Gutkowski	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 did SharpLink Gaming (SBET) director Robert Gutkowski report on Form 4?

He reported a sale of 18,334 common shares on 08/18/2025 at $19.1722 per share and now beneficially owns 24,998 shares.

When was the Form 4 for SBET signed by the reporting person?

The Form 4 bears the signature dated 08/18/2025 by Robert Gutkowski.

Does the Form 4 show any derivative transactions or 10b5-1 plan disclosure?

No. The filing shows only a non-derivative sale (transaction code S) and does not indicate a 10b5-1 plan or derivative activity.

How many shares does Robert Gutkowski beneficially own after the reported sale?

He beneficially owns 24,998 shares following the transaction.