Did Obie McKenzie exercise any derivative awards related to Sharplink (SBET) stock?

The filing references a September 30, 2025 transaction coded as an exercise or conversion of a derivative security for 1,389 shares at a stated price of $0.00 per share. This increased McKenzie’s direct holdings of Sharplink common stock at that time.

Sharplink (SBET) director sells 12,892 shares, still holds 24,998

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Sharplink, Inc. director Obie McKenzie reported recent trades in company stock. On May 12, 2026, he completed an open-market sale of 12,892 shares of common stock at an average price of $7.4081 per share, leaving him with 24,998 shares held directly.

Earlier, on April 10, 2026, he acquired 11,503 shares of common stock valued at $6.52 per share through a grant and vesting of restricted stock units under the Non-Employee Director Compensation Program. A prior September 30, 2025 filing shows the exercise of 1,389 shares from a derivative award at a stated price of $0.00 per share.

Insights

Mixed insider activity combines a modest open-market sale with recent equity awards.

Director Obie McKenzie sold 12,892 shares of Sharplink, Inc. common stock at $7.4081 per share on May 12, 2026, and now directly holds 24,998 shares. This follows an equity grant of 11,503 shares valued at $6.52 per share on April 10, 2026.

The pattern reflects routine director compensation through restricted stock units and subsequent portfolio management via an open-market sale. The filing indicates no remaining derivative positions, as derivative-related data are absent from the current summary. Overall significance appears limited, with no guidance on broader corporate performance.

Insider Trade Summary

Net Seller: 12,892 shares ($95,505)

Net Sell 3 txns

Insider MCKENZIE OBIE

Role null

Sold 12,892 shs ($96K)

Type	Security	Shares	Price	Value
Sale	Common Stock	12,892	$7.4081	$96K
Grant/Award	Common Stock	11,503	$6.52	$75K
Exercise	Common Stock	1,389	$0.00	--

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

Footnotes (1)

Represents shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock") acquired upon vesting of restricted stock units. Represents grant of fully vested shares of the Issuer's Common Stock, pursuant to the Issuer's Non-Employee Director Compensation Program as compensation for the Reporting Person's services as a director of the Issuer. Based on the closing price per share of Common Stock on April 10, 2026.

Key Figures

Open-market sale: 12,892 shares Sale price: $7.4081 per share Equity grant and vesting: 11,503 shares +5 more

8 metrics

Open-market sale 12,892 shares Common stock sold on May 12, 2026

Sale price $7.4081 per share Average price for May 12, 2026 sale

Equity grant and vesting 11,503 shares Restricted stock units vested on April 10, 2026

Grant valuation price $6.52 per share Closing price on April 10, 2026 used for grant

Derivative exercise 1,389 shares Exercise or conversion on September 30, 2025

Exercise price $0.00 per share Stated price for September 30, 2025 derivative exercise

Shares held after sale 24,998 shares Direct ownership after May 12, 2026 transaction

Net shares sold 12,892 shares Net-buy/sell direction reported as net-sell

Key Terms

restricted stock units, Non-Employee Director Compensation Program, grant, award, or other acquisition, open-market sale, +2 more

6 terms

restricted stock units financial

"Represents shares of the Issuer's common stock ... acquired upon vesting of restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Non-Employee Director Compensation Program financial

"Represents grant of fully vested shares ... pursuant to the Issuer's Non-Employee Director Compensation Program"

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Exercise or conversion of derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

Form 4 Insider Transactions: What Each Field Means →

05/15/2026 - 07:07 AM

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^*

MCKENZIE OBIE

(Last)

(First)

(Middle)

C/O SHARPLINK, INC.

200 S. BISCAYNE BOULEVARD, FLOOR 20

(Street)

MIAMI

FLORIDA

33131

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Sharplink, Inc. [ SBET ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/30/2025		M		1,389⁽¹⁾	A	$0	26,387	D
Common Stock	04/10/2026		A		11,503⁽²⁾	A	$6.52⁽³⁾	37,890	D
Common Stock	05/12/2026		S		12,892	D	$7.4081	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock") acquired upon vesting of restricted stock units.

2. Represents grant of fully vested shares of the Issuer's Common Stock, pursuant to the Issuer's Non-Employee Director Compensation Program as compensation for the Reporting Person's services as a director of the Issuer.

3. Based on the closing price per share of Common Stock on April 10, 2026.

	/s/ Obie McKenzie	05/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider stock sale did Sharplink (SBET) director Obie McKenzie report?

Director Obie McKenzie reported selling 12,892 shares of Sharplink common stock in an open-market transaction at an average price of $7.4081 per share on May 12, 2026. After this sale, he directly holds 24,998 Sharplink shares according to the Form 4 filing.

How many Sharplink (SBET) shares does Obie McKenzie own after the reported transactions?

Following the May 12, 2026 sale, Obie McKenzie directly owns 24,998 shares of Sharplink common stock. This balance reflects his open-market sale of 12,892 shares and prior equity awards and exercises disclosed in the same Form 4, all held in direct ownership.

What equity awards did Sharplink (SBET) grant to director Obie McKenzie in April 2026?

On April 10, 2026, Obie McKenzie received 11,503 shares of Sharplink common stock as a grant and vesting of restricted stock units. The shares were valued using a closing price of $6.52 per share and were issued under the Non-Employee Director Compensation Program.

Were Sharplink (SBET) restricted stock units involved in Obie McKenzie’s Form 4?

Yes. The Form 4 notes that certain shares were acquired upon vesting of restricted stock units, representing compensation for McKenzie’s services as a non-employee director. These vested units converted into 11,503 fully vested common shares on April 10, 2026 under the company’s director program.

Is Obie McKenzie’s recent Sharplink (SBET) stock activity mainly buying or selling?

Across the reported period, McKenzie shows a mix of acquiring and selling. He received 11,503 shares through equity compensation and previously exercised 1,389 derivative shares, then later sold 12,892 shares in an open-market trade while retaining 24,998 shares afterward.