Lubin’s group crossed below 5% of SharpLink on 8 October. Amendment No. 2 is the last Schedule 13D it is obliged to file — and it is where the trust transfer is written down

Joseph Lubin · SharpLink Inc · block sale 8 Oct · Form 4 and 13D/A No. 2 both accepted 13 Oct

Item 5(e) states it plainly: as of 8 October 2026 the reporting persons ceased to be beneficial owners of more than 5% of the common stock. The group holds 10,866,132 shares against an assumed 220,678,623 — 4.9%. Before the block it was 16,543,084, or 7.50%.

The same filing discloses, in Item 4, that Lubin contributed pre-funded warrants to Permanent Highest Power Capital LLC and then gifted the LLC interests to a trust — the Gradient Ascent Trust, on which the Form 4 footnote names his son as co-trustee — expressly for estate planning. That line exists because a 13D amendment had to be filed. There is no obligation to file the next one.