SCHEDULE: Askew Boosts Stake in Agassi Sports Entertainment to 17.7%

James M. Askew, a director, increased his beneficial ownership in Agassi Sports Entertainment Corp. to 17.7% through the cashless exercise of warrants.

Summary

• James M. Askew, a director of Agassi Sports Entertainment Corp., has increased his beneficial ownership in the company.
• He now beneficially owns 2,097,860 shares of common stock.
• This represents 17.7% of the company's outstanding common stock.
• The increase resulted from the cashless exercise of warrants on February 4, 2026.
• The warrants, granted on July 3, 2024, were for 2,269,583 shares at an exercise price of $0.397 per share.
• The cashless exercise yielded a net of 2,097,740 shares after 171,843 shares were forfeited to cover the aggregate exercise price.
• The percentage ownership is based on 11,882,796 shares outstanding as of February 4, 2026, which includes 9,785,056 shares outstanding as of November 4, 2025, plus the net shares from the warrant exercise.
• Mr. Askew acquired the securities for investment purposes and may adjust his holdings in the future.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as a significant increase in a director's beneficial ownership often signals strong insider confidence in the company's future performance and strategic direction.

Positives

• A director, James M. Askew, has significantly increased his stake, potentially signaling strong confidence in the company's future prospects.
• The exercise of warrants demonstrates a commitment to long-term investment by a key insider.

Risks

• The reporting person retains the right to change his investment intent and may purchase additional securities or dispose of some or all of his current holdings from time to time in open market or private transactions.

Future Outlook

The reporting person acquired the securities for investment purposes and may purchase additional securities or dispose of existing holdings in the future, depending on market and economic conditions. No current plans for extraordinary corporate transactions, changes in management, capitalization, or corporate structure are in place.

Management Comments

• The Reporting Person acquired the securities for investment purposes.
• In the future, depending on general market and economic conditions affecting the Issuer and other relevant factors, the Reporting Person may purchase additional securities of the Issuer or dispose of some or all of the securities he currently owns from time to time.

Industry Context

StockSavvy.ai notes that an increase in insider ownership, especially by a board member, can often be interpreted by the market as a positive signal, suggesting management's confidence in the company's future prospects. This move by Mr. Askew could be seen as a vote of confidence in Agassi Sports Entertainment Corp. within the broader sports and entertainment investment sector.

Comparison to Industry Standards

• Insider ownership levels vary significantly across industries and company stages. While 17.7% is a substantial stake for an individual director, it is not uncommon for founders or early investors to hold significant percentages, particularly in smaller or developing companies.
• For comparison, in established companies like Nike (NKE) or Under Armour (UAA), individual director ownership percentages are typically much lower, often in the single digits or less, reflecting a more dispersed ownership structure. However, in emerging sports or entertainment ventures, higher insider stakes are more prevalent.

Related Party Transactions

• The warrants were granted to James M. Askew in connection with a Consulting Agreement with the Issuer, in consideration for services rendered.

Stakeholder Impact

• Shareholders: Increased insider ownership may instill confidence, but the potential for future dispositions by the reporting person could create selling pressure.
• Management: The reporting person is a board member, aligning his interests with the company's performance and strategic direction.

Next Steps

• James M. Askew may purchase additional securities or dispose of current holdings in the future, depending on market and economic conditions.
• The consulting agreement with the Issuer, in connection with which the warrants were granted, has a term through July 3, 2029.

Key Dates

Recommendation

The filing indicates a director's increased confidence through warrant exercise, which is generally positive. However, without broader financial performance data or strategic updates, a 'hold' recommendation is prudent. Investors should monitor future company performance and Mr. Askew's subsequent actions, as he retains the right to buy or sell shares.

Keywords

Agassi Sports Entertainment Corp., James M. Askew, Schedule 13D, Beneficial Ownership, Warrants, Common Stock, Insider Ownership, ASEC, Equity Stake