Sharplink: Consensys sells 5.68M shares at $8.39
The sale left CSI with zero reported common shares, while four warrant positions covering Sharplink shares remained on the holdings list.
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Form Type
4
Rhea-AI Filing Summary
Sharplink, Inc. (SBET) director Joseph Michael Lubin reported that Consensys Software, Inc. (CSI), whose CEO is Lubin, sold all 5,676,952 shares it held on October 8, 2026, in a block trade at $8.39 per share; CSI reported zero common shares afterward. Separate positions included shares held directly and through three entities, plus CSI warrants covering shares at four exercise prices, expiring May 30, 2030. Lubin disclaimed beneficial ownership of CSI-held securities except to the extent of his pecuniary interest.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 5,676,952 shares
Net Sell
9 txns
Insider
Lubin Joseph Michael
Role
Director
Sold
5,676,952 shs ($47.63M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 5,676,952 | $8.39 | $47.63M |
| holding | Common Stock Purchase Warrant F5 | -- | -- | -- |
| holding | Common Stock Purchase Warrant F5 | -- | -- | -- |
| holding | Common Stock Purchase Warrant F5 | -- | -- | -- |
| holding | Common Stock Purchase Warrant F5 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, By Consensys Software, Inc.);
Common Stock Purchase Warrant — 3,455,019 contracts (Indirect, By Consensys Software, Inc.);
Common Stock — 5,154,213 shares (Direct);
Common Stock — 1,200,000 shares (Indirect, By Permanent Highest Power Capital LLC);
Common Stock — 975,600 shares (Indirect, By ConsenSys AG);
Common Stock — 81,300 shares (Indirect, By Ethereal Ventures Fund II L.P.)
Footnotes (5)
- F1. These shares of Common Stock, par value $0.0001 per share ("Common Stock") of the Issuer were held directly by Consensys Software, Inc. ("CSI"). Mr. Lubin is the Chief Executive Officer of CSI and may be deemed to control CSI. Mr. Lubin disclaims beneficial ownership of the securities of the Issuer held by CSI for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16, in each case except to the extent of his pecuniary interest therein. On October 8, 2026, CSI sold all 5,676,952 shares of Common Stock held by it in a block trade at a price of $8.39 per share.
- F2. These shares of Common Stock of the Issuer are held directly by Permanent Highest Power Capital LLC ("PHPC LLC"), a limited liability company owned by Gradient Ascent Trust (the "Trust"). Mr. Lubin's son is a co-trustee of the Trust, and the beneficiaries of the Trust are members of Mr. Lubin's immediate family. Mr. Lubin is the manager of PHPC LLC. Mr. Lubin disclaims beneficial ownership of these securities for purposes of Section 16, and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16, in each case except to the extent of his pecuniary interest therein.
- F3. The securities are held directly by ConsenSys AG ("CAG"). Mr. Lubin is the Chairperson of the Board of CAG and may be deemed to control CAG. Mr. Lubin disclaims beneficial ownership of these securities for purposes of Section 16, and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16, in each case except to the extent of his pecuniary interest therein.
- F4. The securities are held directly by Ethereal Ventures Fund II L.P. ("Fund II"). The sole general partner of Fund II is Ethereal Ventures II Partners L.P., and its sole general partner is Ethereal Ventures II GP Ltd. Mr. Lubin has a 50% ownership interest in Ethereal Ventures II GP Ltd., and as a result, may be deemed to be a beneficial owner of the securities held by Fund II. Mr. Lubin disclaims beneficial ownership of these securities for purposes of Section 16, and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16, in each case except to the extent of his pecuniary interest therein.
- F5. These warrants are held directly by CSI and were issued to CSI as compensation for its services under a Strategic Advisor Agreement, dated May 30, 2025, between the Issuer and CSI. Mr. Lubin disclaims beneficial ownership of these securities for purposes of Section 16, and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16, in each case except to the extent of his pecuniary interest therein.
Key Figures
Common shares sold by CSI: 5,676,952 shares
Block-trade sale price: $8.39 per share
CSI common shares after sale: 0 shares
+5 more
8 metrics
Common shares sold by CSI
5,676,952 shares
Block trade on October 8, 2026
Block-trade sale price
$8.39 per share
CSI sale on October 8, 2026
CSI common shares after sale
0 shares
Reported after the October 8, 2026, sale
Direct common-stock holding
5,154,213 shares
Reported October 8, 2026
Permanent Highest Power Capital LLC common-stock holding
1,200,000 shares
Reported October 8, 2026
ConsenSys AG common-stock holding
975,600 shares
Reported October 8, 2026
Ethereal Ventures Fund II L.P. common-stock holding
81,300 shares
Reported October 8, 2026
Warrant underlying shares and exercise prices
1,382,007 shares at $6.15; 691,004 shares at $6.765; 691,004 shares at $7.38; 691,004 shares at $7.995
CSI-held warrants expiring May 30, 2030
Key Terms
block trade, Common Stock Purchase Warrant, exercise price, beneficial ownership, +1 more
5 terms
block trade financial
"sold all 5,676,952 shares ... in a block trade"
A block trade is a large, privately arranged sale or purchase of a company's shares or bonds between big investors, often negotiated to avoid upsetting the public market price. Think of it like selling a truckload of goods directly to one buyer instead of unloading it on a busy street — it moves a lot of supply at once and can signal shifting demand, affect immediate liquidity, and influence short-term stock prices.
Common Stock Purchase Warrant financial
"These warrants are held directly by CSI"
A common stock purchase warrant is a tradable certificate that gives its holder the right to buy a company’s common shares at a fixed price for a set period. Think of it as a coupon that lets you buy stock later at today’s agreed price; it can amplify gains if the share price rises but also can increase the total number of shares outstanding, which may reduce existing owners’ percentage of the company. Investors watch warrants because they offer leveraged upside and can affect future share value and ownership.
exercise price financial
"exercise price of $6.1500"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
beneficial ownership regulatory
"disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest regulatory
"except to the extent of his pecuniary interest therein"
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