Borish Peter F 4
4 · Signing Day Sports, Inc. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Signing Day Sports (SGN) Director Peter Borish Disposes 176,232 Shares
What Happened
Peter F. Borish, a director of Signing Day Sports, Inc. (SGN), disposed of 176,232 shares of the company on March 16, 2026 as part of the closing of a business combination. Per the deal terms, each SGN share converted into 0.09334 shares of BlockchAIn; Borish received approximately 16,449.5 BlockchAIn shares. Based on BlockchAIn’s first reported sale price on the NYSE American ($4.60 on March 17, 2026), the consideration received is roughly $75,668. This was a disposition to the issuer under the business combination (not an open-market sale).
Key Details
- Transaction date: 2026-03-16 (Closing of business combination)
- Disposition: 176,232 SGN shares surrendered to issuer (Form 4 code D)
- Consideration received: ~16,449.5 BlockchAIn shares (0.09334 per SGN share)
- Valuation: BlockchAIn first reported sale price $4.60 → total ≈ $75,668 (based on March 17, 2026 price)
- Shares owned after transaction: Not disclosed in the Form 4 filing
- Footnote: Transaction governed by the Business Combination Agreement dated May 27, 2025 (see F1)
- Filing timeliness: Reported on 2026-03-18 for a 2026-03-16 transaction (filed within the standard Form 4 reporting window)
Context: This was a conversion/exchange at closing of a merger rather than an open-market sale. Dispositions to the issuer under a business combination reflect deal consideration and mechanics of the transaction (exchange ratio and new-company shares) rather than an independent signal of insider sentiment.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-03-16−176,232→ 0 total
Footnotes (1)
- [F1]Pursuant to the Business Combination Agreement, dated as of May 27, 2025, by and among Signing Day Sports, Inc., a Delaware corporation (the "Registrant"), One Blockchain LLC, a Delaware limited liability company, BlockchAIn Digital Infrastructure, Inc., a Delaware corporation ("BlockchAIn"), BCDI Merger Sub I Inc., a Delaware corporation, and BCDI Merger Sub II LLC, a Delaware limited liability company, as amended (the "Business Combination Agreement"), on the date of the closing (the "Closing") of the transactions contemplated by the Business Combination Agreement, or March 16, 2026 (the "Closing Date"), the reporting person received 0.09334 common shares of BlockchAIn for every share of common stock of the Registrant held by the reporting person, subject to rounding adjustments, having a market value of $4.60 per share based on the first reported sale price of the common stock of BlockchAIn on the NYSE American LLC after the Closing, which was reported on March 17, 2026.