BORETA RONALD S 4

What Happened Ronald S. Boreta, a reported 10% owner of Agassi Sports Entertainment Corp. (AASP), received a grant of 300,000 restricted stock units (RSUs) on May 6, 2026. The RSUs were awarded with an acquisition price of $0.00 (no cash exchanged) and are derivative awards that represent the contingent right to receive one share of common stock per RSU if and when they vest. The award was issued under the issuer’s 2026 Equity Incentive Plan.

Key Details

• Transaction date: 2026-05-06 (Form 4 filed 2026-05-08).
• Transaction type/code: Award/Grant (A); derivative securities (RSUs).
• Shares/units granted: 300,000 RSUs; price reported $0.00 (no immediate cash value).
• Vesting: RSUs vest 1/3 on each of Dec 31, 2026, 2027 and 2028, subject to continued service; RSUs either vest or are canceled (do not expire). (Footnotes F5–F6)
• Ownership notes: Reporting person is a 10% owner and disclaims beneficial ownership except to the extent of pecuniary interest (F1). The filer is trustee of the Boreta Lifetime Trust (F2) and has related entities (All‑American Golf Center, Inc. and Boreta Enterprises, Ltd.) with voting/dispositive rights (F3–F4).
• Shares owned after transaction: Not specified in the provided filing.
• Timeliness: Form 4 was filed two days after the reported transaction date (appears timely under standard Section 16 reporting rules).

Context

• RSUs are a form of deferred compensation: they do not convey stock until they vest, so this grant does not immediately increase outstanding shares.
• For a 10% owner, such grants are typically part of compensation or incentive plans rather than open‑market buying/selling; they indicate potential future dilution if and when RSUs vest and shares are issued.
• No sale or purchase occurred in this filing — it documents an award that could convert to common stock on vesting.