BORETA RONALD S 4
Research Summary
AI-generated summary
Agassi Sports (AASP) 10% Owner Ronald Boreta Gifts 1.495M Shares
What Happened
Ronald S. Boreta, a reported 10% owner of Agassi Sports Entertainment Corp. (AASP), reported a gift transaction on June 30, 2026. The filing shows 1,495,390 shares of AASP were recorded as disposed by All-American Golf Center, Inc. and acquired by the Boreta Lifetime Trust at $0.00 per share (total value $0). Footnotes indicate this transfer was an estate-planning gift and that there was no change in the beneficial ownership of the gifted shares in connection with the transaction.
Key Details
- Transaction date: 2026-06-30; Form 4 filed 2026-07-01 (filed timely).
- Transaction code: G (Gift). Price per share: $0.00; total reported transaction value: $0.
- Reported entries: 1,495,390 shares disposed (by All-American Golf Center, Inc.) and 1,495,390 shares acquired (by Boreta Lifetime Trust).
- Shares owned after the transaction: not specified in the filing; footnote states there was no change in beneficial ownership resulting from the gift.
- Relevant footnotes: donor was All-American Golf Center, Inc.; Boreta is trustee of the Boreta Lifetime Trust and has voting/disposal authority for trust-held securities; Boreta disclaims beneficial ownership except to extent of pecuniary interest; Boreta is director and majority owner of All-American Golf Center, Inc.
Context
This was a non-market gift for estate-planning purposes, not a purchase or sale in the open market. Gifts generally do not signal the insider’s view of the company’s near-term prospects. As a 10% owner and related-party (trustee and majority owner of the donating entity), Boreta’s filing reflects related-entity transfers rather than routine executive trading.