Note 14 – Subsequent Events 

Restricted Stock Units - Performance Based

On July 3, 2026, the Board of Directors approved the target award level for the first performance cycle (July 1, 2025 through June 30, 2026) of the Chief Executive Officer’s performance-based RSUs, establishing the accounting grant date for the first tranche of that award. The units earned at the Compensation Committee’s certified maximum performance level (200% of target), totaling 98,530 units, vested upon the Board’s approval and were measured at a grant-date fair value of $5.31 per unit for an aggregate grant-date fair value of $523. Because the grant date and vesting occurred after June 30, 2026, these units were not included in the restricted stock units released, or in the related net share settlement, presented in Note 8 as of June 30, 2026.

SHARPLINK, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025

(dollar amounts in thousands, except share, per share data, and crypto asset tokens)

Upon settlement, the Company withheld 50,124 shares to satisfy $266 of statutory tax withholding obligations, resulting in 48,406 net shares issued to the Chief Executive Officer. The shares withheld will be treated as a repurchase of Common Stock in the third quarter of 2026.

The Chief Executive Officer’s second-quarter 2026 compensation cost for this tranche was measured at the June 30, 2026 reporting-date fair value of $4.80 per unit. Upon establishment of the July 3, 2026 grant date, cumulative compensation cost will be adjusted to the $5.31 grant-date fair value, resulting in additional stock-based compensation expense of approximately $50 to be recognized in the third quarter of 2026.

Grants of Restricted Stock Units

In July 2026, the Company granted ten RSUs awards to its executive officers under its equity incentive plan, consisting of five time-based awards covering an aggregate of approximately 1,456,375 shares and five performance-based awards covering an aggregate of approximately 728,183 shares. The time-based awards vest over their respective requisite three-year service periods. The performance-based awards vest over three annual performance periods, with the first performance period ending on June 30, 2027, subject to the Company’s evaluation of the applicable performance metrics as of that date. Because those performance metrics are subjective and will not be established until that evaluation is completed, a mutual understanding of the awards’ key terms and conditions does not yet exist and, accordingly, a grant date has not been established for the performance-based awards under ASC 718.

Launch of Galaxy Sharplink Onchain Yield Fund

On August 7, 2026, the Company and Galaxy Digital executed definitive agreements establishing the Galaxy Sharplink Onchain Yield Fund, LP (the “Fund”), a $125.0 million institutional investment vehicle designed to deploy ETH into professionally managed onchain yield strategies. The Fund launched with aggregate capital commitments of $125.0 million, consisting of a $100.0 million capital commitment from the Company and a $25.0 million capital commitment from Galaxy Digital. The Company’s commitment is expected to be funded in accordance with the terms of the partnership agreement. Galaxy Digital serves as the Fund’s investment manager and is responsible for opportunity sourcing, risk management and capital deployment. The Company participates in the Fund as a limited partner. The Fund is intended to maintain exposure to ETH and associated staking rewards while deploying capital into targeted onchain yield strategies.