Sade Ron 4

What Happened
Sade Ron, CEO of Brera Holdings PLC, purchased 1,149,000 Class B ordinary shares at $4.97 per share on May 21, 2026, for a total reported cost of $5,710,530. The transaction is coded as a purchase (P) and was executed through a registered direct offering via a subscription agreement with the company—this is insider buying, which investors often view as a positive signal.

Key Details

• Transaction date and price: May 21, 2026 — 1,149,000 shares at $4.97 each.
• Total value: $5,710,530.
• Transaction type/code: Purchase (P) via registered direct offering (subscription agreement).
• Footnote: The subscription agreement includes 1,667 RSUs that have fully vested but have not yet been issued (per filing).
• Shares owned after transaction: Not reported in the Form 4 filing.
• Filing timeliness: Form filed May 29, 2026 — eight days after the trade date, which is beyond the typical two-business-day reporting window for Form 4s.

Context
This was a direct purchase from the company (registered direct offering), not an open-market trade or option exercise. The inclusion of vested-but-unissued RSUs is an administrative detail noted in the filing; it does not change the reported purchase price or cash paid. The late filing may limit short-term disclosure transparency but does not change the fact of the insider purchase.