SCHEDULE: Askew Amends Agassi Sports Stake Filing

James M. Askew has filed an amendment to his Schedule 13D, detailing a gift of 300,000 shares of Agassi Sports Entertainment Corp. common stock to his sons.

Summary

• This filing is an amendment (Amendment No. 3) to a Schedule 13D previously filed by James M. Askew regarding his beneficial ownership of Agassi Sports Entertainment Corp. common stock.
• The amendment primarily reports a gift of 300,000 shares of Common Stock made by Mr. Askew to his three adult sons on September 8, 2026 (100,000 shares each).
• Mr. Askew disclaims any beneficial ownership of the gifted shares.
• As of the filing date, Mr. Askew beneficially owns 1,797,860 shares, representing 13.7% of the outstanding common stock.
• The percentage ownership is based on 13,096,824 shares outstanding as of August 12, 2026, as reported in the Issuer's Form 10-Q filed on August 14, 2026.
• Mr. Askew's stated purpose for acquiring securities is investment. He retains the right to purchase additional securities or dispose of existing holdings.
• There are no current plans or proposals for extraordinary corporate transactions, changes in management or board, material changes in capitalization or dividend policy, or other significant business changes.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this filing as neutral to slightly negative, primarily due to the lack of significant new information and the nature of the disclosures being primarily administrative and related to prior transactions.

Positives

• The filing clarifies the beneficial ownership after a gift of shares, providing transparency.
• James M. Askew continues to hold a significant stake (13.7%) in the company, indicating ongoing investor interest.

Negatives

• The filing does not introduce new strategic initiatives or positive financial performance indicators.
• The primary action reported is a gift of shares, which reduces the reporting person's direct beneficial ownership.

Risks

• Future disposition of shares by Mr. Askew or his sons could potentially impact the stock price.
• The filing does not provide any forward-looking statements regarding the company's performance or strategy, leaving future prospects uncertain.

Future Outlook

The filing does not contain any specific forward-looking statements or guidance from the company regarding its future performance or strategy. Mr. Askew indicates he may purchase additional securities or dispose of existing ones.

Management Comments

• Mr. Askew disclaims any beneficial ownership of the 300,000 shares gifted to his sons.

Industry Context

StockSavvy.ai notes that Schedule 13D filings are common for significant investors and often signal changes in beneficial ownership or potential shifts in strategy. This particular amendment is administrative, detailing a share transfer rather than a new investment thesis or strategic move by the company itself.

Related Party Transactions

• James M. Askew gifted 300,000 shares of Common Stock to his three adult sons (100,000 shares each) on September 8, 2026.

Stakeholder Impact

• Shareholders may note the transfer of shares from Mr. Askew to his sons, though his overall percentage ownership remains significant.
• The lack of new strategic information may lead to continued uncertainty for investors regarding the company's future direction.

Next Steps

• Mr. Askew may purchase additional securities of the Issuer or dispose of some or all of the securities he currently owns from time to time.

Key Dates

Keywords

Schedule 13D, Beneficial Ownership, Agassi Sports Entertainment Corp., Insider Trading, Shareholder, Investment, Stock Gift