SharpLink Gaming Appoints Chalom as Co-CEO with Ethereum-Linked RSUs as SBET Rises to 195th in $510M Trading Day

On September 3, 2025, SharpLink Gaming (SBET) closed with a 0.94% decline, trading a volume of $0.51 billion, ranking 195th in the market. The company announced the appointment of Joseph Chalom as Co-Chief Executive Officer, accompanied by equity awards totaling 443,385 restricted stock units (RSUs). These awards, granted under Nasdaq Listing Rule 5635(c)(4), include 295,590 time-based RSUs vesting over three years and 147,795 performance-based RSUs tied to three-year performance goals. Chalom, a former BlackRock executive with expertise in digital finance, brings institutional leadership experience, including the launch of the iShares Ethereum Trust (ETHA), a $10 billion Ethereum-based product.

The equity awards align with SharpLink’s strategic focus on Ethereum adoption and digital capital. As one of the largest corporate holders of Ether, the company’s treasury strategy ties its financial performance to Ethereum’s market dynamics. Chalom’s appointment signals a commitment to institutional-grade innovation, particularly in scaling secure and transparent gaming solutions. The vesting structure balances long-term retention with performance incentives, reflecting the board’s emphasis on aligning executive interests with shareholder value. However, the stock’s recent decline may reflect broader market volatility or investor caution amid macroeconomic uncertainties.

Backtest results for the equity awards indicate a 0.94% decline in SBET on September 3, 2025, with a trading volume of $0.51 billion. The stock ranked 195th in market activity for the day.