GUTKOWSKI ROBERT M 4

What Happened

• Robert M. Gutkowski, a director of Sharplink, disposed of 12,892 shares on 2026-05-12 for $7.41/share, netting $95,476. Those shares match the 1,389 shares vested from RSUs (exercise/conversion) plus an 11,503-share director award he received earlier, indicating the sale was of recently acquired/vested stock rather than a new cash purchase.

Key Details

• Exercise/Vesting (M): 2025-09-30 — 1,389 shares acquired at $0.00 (vested RSUs) (Footnote F1).
• Award/Grant (A): 2026-04-10 — 11,503 shares acquired at an attributed value of $6.52/share, total $75,000 (fully vested director award; Footnotes F2, F3).
• Sale (S): 2026-05-12 — 12,892 shares sold at $7.41/share, proceeds $95,476.
• The sold shares equal the total shares acquired from the RSU vesting and the director grant (1,389 + 11,503 = 12,892).
• Shares owned after transaction: not specified in the supplied filing excerpt.
• Footnotes: F1 = shares from RSU vesting; F2 = fully vested grant under Non-Employee Director Compensation Program; F3 = $6.52 based on closing price on 4/10/2026.
• Filing timeliness: Form 4 was filed 2026-05-15 while transactions occurred on 2025-09-30, 2026-04-10 and 2026-05-12 — the April and September actions (and possibly the May sale) appear to have been reported after the typical two-business-day Form 4 deadline.

Context

• This pattern (award/vesting followed by a sale) is common for non-employee directors who receive equity as compensation and then convert it to cash; it is generally routine and not a direct indicator of a change in company outlook.
• For derivative transactions: the 2025 entry was an exercise/conversion of vested RSUs (no cash exercise price), not an option purchase.