Form 4: CFO Damon Rich Disposes SGN Shares in Merger

Signing Day Sports CFO Damon Rich disposed of 52,417 common shares as part of a business combination with BlockchAIn Digital Infrastructure, Inc.

Summary

• Damon Rich, Chief Financial Officer (CFO) of Signing Day Sports, Inc. (SGN), reported a disposal of common stock.
• The transaction involved 52,417 common shares of Signing Day Sports, Inc. on March 16, 2026.
• This disposal was pursuant to a Business Combination Agreement, dated May 27, 2025, with BlockchAIn Digital Infrastructure, Inc. ('BlockchAIn').
• As part of the agreement, the reporting person received 0.09334 common shares of BlockchAIn for every share of Signing Day Sports, Inc. common stock held.
• The BlockchAIn common shares had a market value of $4.60 per share, based on the first reported sale price on the NYSE American LLC on March 17, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, a mandatory disclosure of an insider transaction resulting from a pre-announced business combination, with no inherent positive or negative implications for the company's operational performance.

Future Outlook

NA

Industry Context

StockSavvy.ai notes this is a standard regulatory filing for an insider transaction following a corporate merger. Such transactions are common after business combinations where shares of the acquired entity are exchanged for shares of the acquiring entity, reflecting a change in beneficial ownership structure.

Stakeholder Impact

• Shareholders of Signing Day Sports, Inc. had their common shares converted into common shares of BlockchAIn Digital Infrastructure, Inc. as a result of the business combination.

Key Dates

Keywords

Form 4, Beneficial Ownership, Signing Day Sports, SGN, BlockchAIn Digital Infrastructure, Merger, Business Combination, CFO, Damon Rich, Share Disposal