Agassi Sports (AASP) 10% Owner James Askew Gifts 300,000 Shares

What Happened
James M. Askew, a reported 10% owner of Agassi Sports Entertainment Corp. (AASP), disclosed a gift disposition of 300,000 common shares on 2026-09-08. The shares were transferred at $0.00 per share (total reported value $0). The Form 4 notes the shares were gifted to his three adult sons (100,000 shares each), and Askew disclaims beneficial ownership of those shares.

Key Details

• Transaction date: 2026-09-08; Form 4 filed: 2026-09-10 (filed within the typical 2-business-day window).
• Transaction code: G (Gift).
• Shares disposed: 300,000; Price per share: $0.00; Reported transaction value: $0.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: Gift to three adult sons (100,000 shares each); reporting person disclaims beneficial ownership.
• Insider status: 10% owner (Section 16 filer).

Context
Gifts are recorded as dispositions but do not represent open-market sales or purchases and often reflect personal, estate, or tax planning rather than a signal about company prospects. As a 10% owner, Askew's transfers must be reported under Section 16 rules even if he disclaims beneficial ownership of the gifted shares.