Sharplink (SBET) CFO Robert DeLucia Withholds 21,124 Shares for Taxes
$SBET · Sharplink, Inc.Research Summary
AI-generated summary of this SEC filing
Sharplink (SBET) CFO Robert DeLucia Withholds 21,124 Shares for Taxes
What Happened
Robert Michael DeLucia, Chief Financial Officer of Sharplink, had 21,124 shares of common stock disposed (withheld) at $5.81 per share on July 24, 2026 to satisfy tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs). The withholding amounted to approximately $122,730. This was a tax-withholding/cashless settlement of RSUs (transaction code F), not an open-market sale.
Key Details
- Transaction date: 2026-07-24; reported on Form 4 filed 2026-07-27.
- Shares withheld/disposed: 21,124 at $5.81 each; total approx. $122,730.
- Shares owned after transaction: 135,473 shares of common stock (plus 276,863 unvested RSUs, per filing footnote).
- Notable footnotes: F1 = shares withheld to satisfy tax obligations on RSU vesting; F2 clarifies the post-transaction total includes 276,863 unvested RSUs and 135,473 shares.
- Filing timeliness: filed July 27; no late-filing flag was indicated in the provided data.
Context
Withholding shares to cover taxes on vested RSUs is a routine administrative action and does not necessarily signal a change in insider sentiment—it's different from an open-market sale. The CFO still reports substantial holdings including over 135k vested shares plus a sizable unvested RSU balance (276,863).