MCKENZIE OBIE 4

What Happened

• McKenzie Obie, a director of Sharplink, sold 12,892 shares of SBET on 2026-05-12 for reported proceeds of $95,505. Prior to that sale she acquired 11,503 shares as a fully vested director award on 2026-04-10 (valued at $75,000 based on the closing price) and converted/exercised a derivative position that delivered 1,389 shares on 2025-09-30 at $0 cost. The sale effectively disposed of the 12,892 shares that were previously acquired (1,389 + 11,503).

Key Details

• Transactions:
  • 2025-09-30: Conversion/exercise of derivative (M) — 1,389 shares @ $0.00, amount $0 (footnote F1: shares from RSU vesting).
  • 2026-04-10: Award/grant (A) — 11,503 shares @ $6.52, total value reported $75,000 (footnote F2: fully vested director compensation; F3: price = closing price on 4/10/2026).
  • 2026-05-12: Sale (S) — 12,892 shares @ $7.41, proceeds $95,505.
• The 12,892-share sale matches the total shares acquired in the two earlier events (1,389 + 11,503).
• Filing submitted 2026-05-15. Because the sale occurred 2026-05-12, the Form 4 appears to have been filed after the two-business-day reporting window (filed one business day late).
• No 10b5-1 plan, tax-withholding, or remaining beneficial ownership is disclosed in the summary data provided.

Context

• The 2026-04-10 transaction was a fully vested director compensation award (not a market purchase). The 2025-09-30 conversion delivered RSU/derivative shares at no cost. The subsequent sale in May 2026 disposed of those newly acquired shares rather than indicating a new purchase. As with all insider trades, this is a factual record of activity and not an explanation of motive.