Bernhard Leslie 4

What Happened

• Bernhard Leslie, a director of Sharplink, sold 12,892 shares in an open‑market transaction on 2026-05-12 at $7.41 per share for proceeds of $95,505. Prior to that, he acquired 11,503 shares on 2026-04-10 as a fully vested director grant valued at $75,000, and 1,389 shares on 2025-09-30 upon vesting of restricted stock units (RSUs).

Key Details

• Transactions:
  • 2025-09-30: Code M — 1,389 shares acquired at $0.00 (RSU vesting) (F1).
  • 2026-04-10: Code A — 11,503 shares acquired at $6.52 (grant under non‑employee director compensation) — $75,000 (F2, F3).
  • 2026-05-12: Code S — 12,892 shares sold at $7.41 — $95,505.
• Shares owned after the transactions: Not specified in the provided filing.
• Footnotes of note:
  • F1: These 1,389 shares came from RSU vesting (common stock).
  • F2: 11,503 shares were a fully vested director grant under the non‑employee director compensation program.
  • F3: $6.52 per share is based on the April 10, 2026 closing price.
• Filing timeliness: The Form 4 was filed on 2026-05-15, after the reported transaction dates; this appears to be later than the typical two business‑day reporting window for Form 4s.

Context

• Code explanations: M indicates exercise/conversion of a derivative (here, RSU vesting per F1); A is an award/grant; S is a sale. The April 10 grant was compensation (not a cash purchase). The sale occurred about a month after the director grant and roughly eight months after the RSU vesting.
• Interpretation for investors: Awards to directors are common compensation and do not necessarily signal a bullish purchase; open‑market sales are routine but reduce insider holdings. No indication in the filing that the reporting person is a 10% owner or that a 10b5‑1 plan was used.