Signing Day Sports (SGN) president exits SGN equity in merger deal
Rhea-AI Filing Summary
Signing Day Sports, Inc. director and president Jeffry Hecklinski reported disposing of his remaining equity interests in connection with a business combination. He returned 9,262 shares of common stock and an option covering 834 shares to the issuer, leaving zero shares and zero options of the company directly held.
Under a Business Combination Agreement effective at closing on March 16, 2026, he received 0.09334 common shares of BlockchAIn Digital Infrastructure, Inc. for each Signing Day Sports share, valued at $4.60 per BlockchAIn share. His option was fully vested, assumed by BlockchAIn, and converted into an option to purchase 78 BlockchAIn shares exercisable at $1,594.17 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 9,262 shares
Net Sell
2 txns
Insider
Hecklinski Jeffry
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (right to buy) | 834 | $0.00 | $0.00 |
| Disposition | Common Stock | 9,262 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. Pursuant to the terms of the Business Combination Agreement, on the Closing Date, the reporting person's option, which provided for vesting as to 209 shares immediately upon the date of grant, as to 156 shares on the one-year anniversary of the date of grant, and as to an aggregate of 469 shares in approximately equal increments at the end of each of the following 36 calendar months, immediately became fully vested, was assumed by BlockchAIn, and was automatically converted into an option to purchase 78 common shares of BlockchAIn exercisable for $1,594.17 per share.
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FAQ
What insider transaction did Jeffry Hecklinski report for Signing Day Sports (SGN)?
Jeffry Hecklinski reported disposing of his Signing Day Sports holdings. He returned 9,262 common shares and a stock option for 834 shares to the issuer, leaving no directly held SGN shares or options after the transaction tied to a business combination closing.
What happened to Jeffry Hecklinski’s Signing Day Sports (SGN) stock options?
Hecklinski disposed of a Signing Day Sports option covering 834 shares back to the issuer. At closing of the Business Combination Agreement, this option became fully vested, was assumed by BlockchAIn, and was converted into an option to purchase 78 BlockchAIn common shares at $1,594.17 per share.
What did Jeffry Hecklinski receive in the Signing Day Sports (SGN) business combination?
At closing, he received 0.09334 BlockchAIn common shares for every Signing Day Sports common share he held. The BlockchAIn shares were valued at $4.60 each, based on the first reported sale price after closing, effectively exchanging his SGN equity into BlockchAIn stock.
Does Jeffry Hecklinski still directly hold Signing Day Sports (SGN) securities after this Form 4?
Based on the reported figures, he no longer directly holds Signing Day Sports common shares or stock options. The Form 4 shows total shares and option shares following the transactions as zero, reflecting the disposition to the issuer at the business combination closing.