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GMBL Esports Entertainment Group Inc

1.86
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Esports Entertainment Group Inc NASDAQ:GMBL NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.86 1.71 1.74 0 01:00:00

Initial Statement of Beneficial Ownership (3)

24/02/2023 11:02pm

Edgar (US Regulatory)


FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0104
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Igelman Alex
2. Date of Event Requiring Statement (MM/DD/YYYY)
1/3/2023 

3. Issuer Name and Ticker or Trading Symbol

ESPORTS ENTERTAINMENT GROUP, INC. [GMBL]
(Last)        (First)        (Middle)

C/O ESPORTS ENTERTAINMENT GROUP, INC., 112 NORTH CURRY STREET
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                          _____ 10% Owner
___X___ Officer (give title below)        _____ Other (specify below)
Chief Executive Officer /
(Street)

CARSON CITY, NV 89703-4934      

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

6. Individual or Joint/Group Filing(Check Applicable Line)

_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common stock, $0.001 par value (1)2500000 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee stock options (2)1/3/2023 1/3/2033 Common stock, $0.001 par value 2500000 $0.0736 D  

Explanation of Responses:
(1) These stock awards are being granted as inducement equity awards outside the Company's Esports Entertainment Group, Inc. 2020 Equity and Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4). The shares of common stock may not be sold or transferred until the six-month anniversary of the date of grant. The stock awards are subject to the terms of an award agreement outlining the specific terms of the stock awards.
(2) Employee stock options were granted on January 3, 2023, and will vest in equal quarterly installments over a one-year period each on March 31, 2023, June 30, 2023, September 30, 2023, and December 31, 2023, subject to continued employment with the Company. The stock options expire on the tenth (10th) anniversary of the grant date and are subject to the terms of an award agreement outlining the specific terms of the stock options.

Remarks:
Exhibit 24

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Igelman Alex
C/O ESPORTS ENTERTAINMENT GROUP, INC.
112 NORTH CURRY STREET
CARSON CITY, NV 89703-4934


Chief Executive Officer

Signatures
/s/ Greg Page by POA from Alex Igelman2/24/2023
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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