SharpLink Appoints Joseph Chalom as Sole CEO and Member of the Board; Rob Phythian Steps Down Following Company's Planned Transition

Core Viewpoint - SharpLink Gaming, Inc. has appointed Joseph Chalom as the sole CEO, completing a leadership transition aimed at enhancing its Ethereum treasury strategy and institutional partnerships [1][3]. Group 1: Leadership Transition - Joseph Chalom has been appointed as the sole Chief Executive Officer effective December 15, 2025, succeeding Rob Phythian, who has stepped down from his roles [1]. - The leadership change is part of a strategic expansion as an Ethereum treasury company, with a focus on building long-term shareholder value [1][3]. Group 2: Strategic Initiatives - Since launching its ETH treasury business on June 2, 2025, SharpLink has made significant progress in establishing a leading institutional-grade ETH treasury platform [2]. - Key milestones include accumulating a total of 863,424 ETH, which reflects a more than 2x increase in ETH-per-share [7]. - The company has staked nearly 100% of its ETH, earning 9,241 ETH in staking rewards [7]. Group 3: Institutional Engagement - Institutional ownership has increased from low single digits to over 30% as of Q3 2025, indicating expanded engagement with top financial firms [7]. - The company has onboarded an expert team to manage treasury, investment, and risk capabilities, reducing reliance on outsourced execution [7]. Group 4: Financial Position - As of December 14, 2025, SharpLink's total ETH holdings include 639,241 native ETH and 224,183 ETH as-if redeemed from LsETH [3]. - Total ETH rewards as of the same date comprise 3,350 from native ETH and 5,891 ETH as-if redeemed from LsETH [4].