[SCHEDULE 13G] SharpLink Gaming Ltd. SEC Filing

Rhea-AI Filing Summary

Citadel-related entities and Kenneth Griffin report passive holdings in SharpLink Gaming, Inc. The joint Schedule 13G discloses that several Citadel reporting persons collectively hold shares of SharpLink Gaming (CUSIP 820014405). Mr. Kenneth Griffin is reported with 8,380,371 shares (4.96% of the class). Citadel Securities GP LLC and Citadel Securities Group LP each report 6,811,792 shares (4.03%), while Citadel Securities LLC reports 6,547,792 shares (3.88%). Citadel Advisors entities and affiliates report smaller stakes of 1,568,579 shares (0.93%). The filing states these positions are passive and were not acquired to influence control of the issuer.

Positive

• Full disclosure of beneficial ownership by Citadel entities and Kenneth Griffin, improving transparency for investors
• Kenneth Griffin's stake quantified at 8,380,371 shares representing 4.96% of outstanding shares
• Citadel entities' positions reported with clear shared voting/dispositive power and precise share counts (e.g., 6,811,792 shares = 4.03%)
• Filing states passive intent, indicating holdings were not acquired to change or influence control

Negative

• None.

Insights

Securities Analyst

TL;DR: Joint disclosure shows substantial passive holdings by Citadel entities and Mr. Griffin, with no claim of control.

The Schedule 13G is a passive investor disclosure that documents beneficial ownership across affiliated Citadel entities and Kenneth Griffin. The largest single reported percentage is Mr. Griffin at 4.96%, below the 5% threshold that typically triggers Schedule 13D reporting or presumptions of activist intent. Multiple related entities report overlapping shared voting and dispositive power, consistent with aggregated reporting by affiliated investment managers and principal trading firms. For investors, this confirms institutional interest and transparency of stake sizes but does not indicate an active proxy or control strategy given the certification language declaring passive intent.

Corporate Governance Expert

TL;DR: The filing documents affiliated ownership and confirms the positions are disclosed as passive, reducing immediate governance concerns.

From a governance perspective, the filing provides necessary clarity on who holds shared voting and disposal powers: all reporting persons indicate 0 sole voting/dispositive power and report their holdings as shared. The joint filing and accompanying signatures (including power of attorney for Mr. Griffin) satisfy disclosure requirements. Because the filing is under Schedule 13G and includes a certification that the securities are not held to influence control, it signals no near-term change to board or control expectations based solely on this disclosure.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

SharpLink Gaming, Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per share (the "Shares")

(Title of Class of Securities)

820014405

(CUSIP Number)

08/08/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 820014405

1

Names of Reporting Persons

Citadel Securities GP LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,811,792.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,811,792.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,811,792.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.03 %

12

Type of Reporting Person (See Instructions)

HC, OO

Comment for Type of Reporting Person: The percentages reported in this Schedule 13G are based upon 168,866,724 Shares outstanding as of August 14, 2025 (according to the issuer's Form 10-Q as filed with the Securities and Exchange Commission on August 14, 2025). Except as described in the preceding sentence, all Shares for the holdings of the reporting persons reported in this Schedule 13G are as of the opening of the market on August 15, 2025.

SCHEDULE 13G

CUSIP No. 820014405

1

Names of Reporting Persons

Citadel Securities LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,547,792.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,547,792.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,547,792.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.88 %

12

Type of Reporting Person (See Instructions)

BD, OO

SCHEDULE 13G

CUSIP No. 820014405

1

Names of Reporting Persons

Citadel Securities Group LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,811,792.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,811,792.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,811,792.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.03 %

12

Type of Reporting Person (See Instructions)

HC, PN

SCHEDULE 13G

CUSIP No. 820014405

1

Names of Reporting Persons

Citadel Advisors LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,568,579.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,568,579.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,568,579.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.93 %

12

Type of Reporting Person (See Instructions)

IA, HC, OO

SCHEDULE 13G

CUSIP No. 820014405

1

Names of Reporting Persons

Citadel Advisors Holdings LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,568,579.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,568,579.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,568,579.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.93 %

12

Type of Reporting Person (See Instructions)

HC, PN

SCHEDULE 13G

CUSIP No. 820014405

1

Names of Reporting Persons

Citadel GP LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,568,579.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,568,579.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,568,579.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.93 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

CUSIP No. 820014405

1

Names of Reporting Persons

Kenneth Griffin

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 8,380,371.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,380,371.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,380,371.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.96 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SharpLink Gaming, Inc.
(b)	Address of issuer's principal executive offices: 333 Washington Avenue North, Suite 104 Minneapolis, MN, 55401
Item 2.
(a)	Name of person filing: This Schedule 13G is being jointly filed by Citadel Securities GP LLC ("CSGP"), Citadel Securities LLC ("Citadel Securities"), Citadel Securities Group LP ("CALC4"), Citadel Advisors LLC ("Citadel Advisors"), Citadel Advisors Holdings LP ("CAH"), Citadel GP LLC ("CGP"), and Mr. Kenneth Griffin (collectively with CSGP, Citadel Securities, CALC4, Citadel Advisors, CAH, and CGP, the "Reporting Persons") with respect to the Shares of the above-named issuer owned by Citadel Securities, Citadel Multi-Strategy Equities Master Fund Ltd., a Cayman Islands company ("CM"), and Citadel Securities Principal Strategies LLC, a Delaware limited liability company ("CSP"). Such owned Shares may include other instruments exercisable for or convertible into Shares. CALC4 is the non-member manager of Citadel Securities and CSP. CSGP is the general partner of CALC4. Citadel Advisors is the portfolio manager for CM. CAH is the sole member of Citadel Advisors. CGP is the general partner of CAH. Mr. Griffin is the President and Chief Executive Officer of CGP, and owns a controlling interest in CGP and CSGP. The filing of this statement shall not be construed as an admission that any of the Reporting Persons is the beneficial owner of any securities covered by the statement other than the securities actually owned by such person (if any).
(b)	Address or principal business office or, if none, residence: The address of each of the Reporting Persons is 830 Brickell Plaza, Miami, Florida 33131.
(c)	Citizenship: Each of CSGP, Citadel Securities, Citadel Advisors, and CGP is organized as a limited liability company under the laws of the State of Delaware. Each of CALC4 and CAH is organized as a limited partnership under the laws of the State of Delaware. Mr. Griffin is a U.S. citizen.
(d)	Title of class of securities: Common Stock, par value $0.0001 per share (the "Shares")
(e)	CUSIP No.: 820014405
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1. Citadel Securities LLC may be deemed to beneficially own 6,547,792 Shares. 2. Each of Citadel Securities Group LP and Citadel Securities GP LLC may be deemed to beneficially own 6,811,792 Shares. 3. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC may be deemed to beneficially own 1,568,579 Shares 4. Mr. Griffin may be deemed to beneficially own 8,380,371 Shares.
(b)	Percent of class: 1. The number of Shares that Citadel Securities LLC may be deemed to beneficially own constitutes 3.88% of the Shares outstanding. 2. The number of Shares that each of Citadel Securities Group LP and Citadel Securities GP LLC may be deemed to beneficially own constitutes 4.03% of the Shares outstanding. 3. The number of Shares that each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC may be deemed to beneficially own constitutes 0.93% of the Shares outstanding. 4. The number of Shares that Mr. Griffin may be deemed to beneficially own constitutes 4.96% of the Shares outstanding.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1. Citadel Securities LLC: 0 2. Each of Citadel Securities Group LP and Citadel Securities GP LLC: 0 3. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC: 0 4. Mr. Griffin: 0
	(ii) Shared power to vote or to direct the vote: 1. Citadel Securities LLC: 6,547,792 2. Each of Citadel Securities Group LP and Citadel Securities GP LLC: 6,811,792 3. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC: 1,568,579 4. Mr. Griffin: 8,380,371
	(iii) Sole power to dispose or to direct the disposition of: 1. Citadel Securities LLC: 0 2. Each of Citadel Securities Group LP and Citadel Securities GP LLC: 0 3. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC: 0 4. Mr. Griffin: 0
	(iv) Shared power to dispose or to direct the disposition of: 1. Citadel Securities LLC: 6,547,792 2. Each of Citadel Securities Group LP and Citadel Securities GP LLC: 6,811,792 3. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC: 1,568,579 4. Mr. Griffin: 8,380,371
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Citadel Securities GP LLC

Signature:	/s/ Seth Levy
Name/Title:	Seth Levy, Authorized Signatory
Date:	08/15/2025

Citadel Securities LLC

Signature:	/s/ Seth Levy
Name/Title:	Seth Levy, Authorized Signatory
Date:	08/15/2025

Citadel Securities Group LP

Signature:	/s/ Seth Levy
Name/Title:	Seth Levy, Authorized Signatory
Date:	08/15/2025

Citadel Advisors LLC

Signature:	/s/ Seth Levy
Name/Title:	Seth Levy, Authorized Signatory
Date:	08/15/2025

Citadel Advisors Holdings LP

Signature:	/s/ Seth Levy
Name/Title:	Seth Levy, Authorized Signatory
Date:	08/15/2025

Citadel GP LLC

Signature:	/s/ Seth Levy
Name/Title:	Seth Levy, Authorized Signatory
Date:	08/15/2025

Kenneth Griffin

Signature:	/s/ Seth Levy
Name/Title:	Seth Levy, attorney-in-fact*
Date:	08/15/2025

Comments accompanying signature: * Seth Levy is signing on behalf of Kenneth Griffin as attorney-in-fact pursuant to a power of attorney previously filed with the Securities and Exchange Commission, and hereby incorporated by reference herein. The power of attorney was filed as an attachment to a filing by Citadel Advisors LLC on Schedule 13G for Allakos Inc. on October 13, 2023.

Exhibit Information

Exhibit 99.1 - Joint Filing Agreement

FAQ

What percent of SharpLink Gaming (SBET) does Kenneth Griffin report owning?

The filing reports Kenneth Griffin beneficially owns 8,380,371 shares, representing 4.96% of the outstanding class.

How many shares do Citadel Securities Group entities report owning in SBET?

Citadel Securities Group LP and Citadel Securities GP LLC each report 6,811,792 shares (4.03%) beneficially owned.

Is this a Schedule 13G or 13D filing and what does that indicate for SBET investors?

This is a Schedule 13G, which indicates the reporting persons state the stake is held passively and not to influence control of the issuer.

Do any reporting persons claim sole voting or dispositive power over the SBET shares?

No. Each reporting person indicates 0 sole voting power and 0 sole dispositive power, with reported holdings shown as shared power.

What is the total outstanding shares figure used to calculate percentages?

Percentages are based on 168,866,724 shares outstanding as of August 14, 2025, per the filing.