AGASSI ANDRE K 4

What Happened

• Andre K. Agassi, reported as a 10% owner of Agassi Sports Entertainment Corp. (AASP), was the reporting person on a Form 4 disclosing a grant/award of 1,000,000 derivative securities (recorded as an "A" — award/acquisition) on November 22, 2025. No per-share price was reported (N/A) because these are derivative awards rather than an open‑market purchase or sale.
• The award appears to be warrants or similar derivatives: half of the instruments were exercisable immediately on grant (11/22/2025) and the other half become exercisable on 11/22/2026 (per footnote). The award was issued in consideration for services provided under a Brand Partner Agreement to the reporting person’s spouse.

Key Details

• Transaction date: November 22, 2025; Form 4 filed April 9, 2026 (late filing; reporting timeliness = L).
• Transaction type/code: A (award/grant of derivative securities).
• Quantity: 1,000,000 derivative securities (no cash price reported).
• Exercise/vesting: Half exercisable immediately (11/22/2025); half exercisable 11/22/2026 (footnote F3).
• Ownership/holding: Reported securities are held through entities managed by the reporting person and/or directly by the reporting person’s spouse (see footnotes F1–F2, F5). Full post-transaction holdings were not specified on the Form 4.
• Consideration: Footnote F4 states the awards were issued as consideration for services to the reporting person’s spouse under a Brand Partner Agreement.
• Filing note: The Form 4 was filed late due to an inadvertent administrative error and was submitted out of chronological order (per the Remarks).

Context

• These are derivative awards (likely warrants) rather than an open-market buy or sale; exercising them in the future would create common shares if/when exercised. The immediate exercisability of half the award means those could be converted sooner, subject to exercise terms.
• Because the award was issued to the reporting person’s spouse and held through related LLCs and trusts, this is a controlled-party/institutional arrangement rather than a routine executive open‑market purchase or sale. The late filing reduces near-term transparency but does not change the substance of the award disclosed.