Director exits Signing Day Sports (SGN) stake in BlockchAIn merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Signing Day Sports director Mason Roger disposed of his company equity in connection with a business combination. On the closing date of the merger on March 16, 2026, he returned 90,919 shares of Signing Day Sports common stock and a stock option covering 500 shares to the issuer.
Under the Business Combination Agreement, for each returned Signing Day Sports share he received 0.09334 common shares of BlockchAIn Digital Infrastructure, valued at $4.60 per BlockchAIn share based on the first reported sale price after closing. His vested option was assumed by BlockchAIn and converted into an option for 47 BlockchAIn common shares exercisable at $1,594.17 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mason Roger
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (right to buy) | 500 | $0.00 | -- |
| Disposition | Common Stock | 90,919 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (1)
- Pursuant to the Business Combination Agreement, dated as of May 27, 2025, by and among Signing Day Sports, Inc., a Delaware corporation (the "Registrant"), One Blockchain LLC, a Delaware limited liability company, BlockchAIn Digital Infrastructure, Inc., a Delaware corporation ("BlockchAIn"), BCDI Merger Sub I Inc., a Delaware corporation, and BCDI Merger Sub II LLC, a Delaware limited liability company, as amended (the "Business Combination Agreement"), on the date of the closing (the "Closing") of the transactions contemplated by the Business Combination Agreement, or March 16, 2026 (the "Closing Date"), the reporting person received 0.09334 common shares of BlockchAIn for every share of common stock of the Registrant held by the reporting person, subject to rounding adjustments, having a market value of $4.60 per share based on the first reported sale price of the common stock of BlockchAIn on the NYSE American LLC after the Closing, which was reported on March 17, 2026. Pursuant to the terms of the Business Combination Agreement, on the Closing Date, the reporting person's option, which provided for vesting as to 1/12 of the shares of the Registrant's common stock subject to the option on the 9th day of each March, June, September, or December, that follows September 9, 2022, immediately became fully vested, was assumed by BlockchAIn, and was automatically converted into an option to purchase 47 common shares of BlockchAIn exercisable for $1,594.17 per share.
FAQ
What did Signing Day Sports (SGN) director Mason Roger report on this Form 4?
Director Mason Roger reported disposing of his Signing Day Sports equity back to the issuer on March 16, 2026. This included 90,919 common shares and a stock option for 500 shares, all in connection with the company’s business combination with BlockchAIn Digital Infrastructure.
What happened to Mason Roger’s Signing Day Sports stock option in the merger?
His Signing Day Sports option covering 500 shares became fully vested and was disposed of to the issuer on March 16, 2026. It was then assumed by BlockchAIn and converted into an option to purchase 47 BlockchAIn common shares at $1,594.17 per share.
Was this Form 4 transaction an open-market sale of Signing Day Sports stock?
No, the filing describes a disposition to the issuer as part of a business combination. The transactions were governed by the Business Combination Agreement and involved exchanging Signing Day Sports equity for BlockchAIn shares and options, rather than open-market selling.