Form 4: Allied Gaming Director Gifts Over 8.3M Shares to Charity

Allied Gaming & Entertainment Inc. Director Roy Choi and Knighted Pastures LLC reported gifting over 8.3 million shares of common stock to charitable organizations.

Summary

• Roy Choi, a Director and 10% Owner of Allied Gaming & Entertainment Inc. (AGAE), along with Knighted Pastures LLC, reported multiple transactions involving the gifting of common stock.
• A total of 8,345,118 shares of common stock, with a par value of $0.0001 per share, were gifted to charitable organizations.
• The transactions occurred on August 28, 2025, and August 29, 2025, with a reported price of $0 per share for the gifts.
• Following these transactions, Roy Choi's direct beneficial ownership stands at 2,061,305 shares.
• Knighted Pastures LLC's indirect beneficial ownership, for which Roy Choi is the managing member, stands at 1,580,000 shares.
• The reporting persons disclaim beneficial ownership of the gifted securities except to the extent of their pecuniary interest therein.

Sentiment

Score: 5

Explanation: The filing reports a gift of shares, which is a neutral event from a financial performance perspective. While it reduces insider ownership, it is for a charitable purpose and not a sale for profit.

Positives

• A significant philanthropic act by a key insider, demonstrating charitable engagement.
• The transactions were bona fide gifts to charitable organizations, not sales for personal profit.

Negatives

• The reporting person's direct beneficial ownership decreased by 1,018,848 shares.
• The reporting person's indirect beneficial ownership through Knighted Pastures LLC decreased by 7,326,270 shares.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• "The transactions reported on this Form 4 reflect bona fide gifts of the Issuer's securities to charitable organizations."
• "Each of Roy Choi and Knighted Pastures, LLC disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein."

Industry Context

This Form 4 filing is a standard disclosure of insider trading activity, specifically a gift of shares, and does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: See a reduction in the beneficial ownership of a key director and 10% owner, which could be interpreted differently by investors.
• Charitable Organizations: Are the beneficiaries of a significant donation of company stock.

Key Dates

Keywords

Allied Gaming & Entertainment, AGAE, Roy Choi, Knighted Pastures LLC, Insider Transaction, Form 4, Stock Gift, Beneficial Ownership, Charitable Donation