Sharplink (NASDAQ: SBET) CDO reports RSU grants and tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sharplink, Inc. Chief Development Officer Michael D. Camarda reported equity compensation activity and related tax withholding in company stock. On July 3, 2026, he received grants tied to restricted stock units and had shares withheld to cover tax obligations upon vesting.
The filing shows 313,874 newly awarded RSUs that will vest over time, additional performance-based RSUs that vested into 63,341 shares of common stock, and 24,925 shares withheld to satisfy tax liabilities. After these transactions, his position includes 313,874 newly awarded RSUs, 190,022 unvested RSUs and 121,250 shares of common stock, indicating these are compensation-related, non‑market transactions rather than open‑market trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Camarda Michael D
Role
Chief Development Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 313,874 | $0.00 | -- |
| Grant/Award | Common Stock | 63,341 | $0.00 | -- |
| Tax Withholding | Common Stock | 24,925 | $5.31 | $132K |
Holdings After Transaction:
Common Stock — 586,730 shares (Direct, null)
Footnotes (1)
- Represents shares of the Registrant's common stock underlying restricted stock units ("RSUs") granted on July 3, 2026 which vest, subject to the reporting person's continuous service, in accordance with the following schedule: (i) one-third (1/3rd) of the RSUs will vest on the first anniversary of June 30, 2026 (the "Vesting Commencement Date"), and (ii) one-twelfth (1/12th) of the RSUs will vest on each of the eight quarterly vesting dates (i.e., September 30, December 30, March 30, and June 30 with respect to any calendar year) that occurs after the first anniversary of the Vesting Commencement Date through and including the third (3rd) anniversary of the Vesting Commencement Date. Represents shares of the Registrant's common stock acquired upon vesting of performance based RSUs granted on August 27, 2025. Represents shares of the Registrant's common stock withheld to satisfy tax withholding obligations upon the vesting and settlement of performance based RSUs. Includes: (i) 313,874 newly awarded RSUs, (ii) 190,022 unvested RSUs, and (iii) 121,250 shares of the Registrant's common stock.
Key Figures
Tax-withheld shares: 24,925 shares
Performance RSUs vested: 63,341 shares
New RSU award: 313,874 RSUs
+3 more
6 metrics
Tax-withheld shares
24,925 shares
Common Stock withheld at $5.31/share for tax obligations on July 3, 2026
Performance RSUs vested
63,341 shares
Common Stock acquired upon vesting of performance-based RSUs on July 3, 2026
New RSU award
313,874 RSUs
Newly awarded RSUs granted on July 3, 2026 with multi-year vesting
Unvested RSUs after transactions
190,022 RSUs
Unvested RSUs included in post-transaction holdings per footnote F4
Common shares held
121,250 shares
Sharplink common stock held after reported transactions per footnote F4
Tax-withholding price
$5.31/share
Value used for 24,925 shares withheld for tax obligations
Key Terms
restricted stock units ("RSUs"), performance based RSUs, tax withholding obligations, vesting dates, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents shares of the Registrant's common stock underlying restricted stock units ("RSUs") granted on July 3, 2026"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
performance based RSUs financial
"Represents shares of the Registrant's common stock acquired upon vesting of performance based RSUs granted on August 27, 2025"
tax withholding obligations financial
"Represents shares of the Registrant's common stock withheld to satisfy tax withholding obligations upon the vesting and settlement of performance based RSUs"
vesting dates financial
"one-twelfth (1/12th) of the RSUs will vest on each of the eight quarterly vesting dates"
Vesting Commencement Date financial
"one-third (1/3rd) of the RSUs will vest on the first anniversary of June 30, 2026 (the "Vesting Commencement Date")"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
FAQ
What insider transactions did SBET executive Michael D. Camarda report on July 3, 2026?
Michael D. Camarda reported equity compensation activity on July 3, 2026. He received restricted stock unit-related share grants and had shares withheld to cover tax obligations upon vesting of performance-based RSUs, all in Sharplink, Inc. common stock.
What are Michael D. Camarda’s Sharplink holdings after the reported Form 4 transactions?
After these transactions, his position includes 313,874 newly awarded RSUs, 190,022 unvested RSUs and 121,250 shares of common stock. This mix of RSUs and shares reflects ongoing equity compensation rather than a reduction of his overall SBET exposure.
How do the new RSU awards for SBET’s Chief Development Officer vest over time?
The 313,874 RSUs vest over three years from a June 30, 2026 vesting commencement date. One-third vests on the first anniversary, then one-twelfth vests on each of eight quarterly vesting dates through the third anniversary, assuming continuous service.
What is the significance of the tax-withholding transaction in the SBET Form 4?
The 24,925-share F-code transaction reflects shares withheld to cover tax obligations on vested performance-based RSUs. It is a non-market disposition used to pay taxes, not a sale signaling a changed view on Sharplink’s stock.