Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-14

Sharplink (SBET)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$11,025,001
Rob Phythian total, FY2025
Former President and Chief Executive Officerhighest-paid officer; CEO Joseph Chalom: $10,453,756
CEO (Joseph Chalom) pay percentile vs peers
CEO-to-median pay ratio
67.63%
Say-on-pay support, latest vote
Companies that benchmark against SBET
No companies currently name SBET as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Rob Phythian$467,502$0$8,421,840$0$144,658$0$1,991,000$11,025,001
Former President and Chief Executive Officer
Joseph Chalom317,30806,136,44804,000,0000010,453,756
President and Chief Executive Officer
Robert DeLucia345,26303,679,44801,350,000005,374,711
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Rob Phythian$11,025,001
Joseph Chalom10,453,756
Robert DeLucia5,374,711

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Joseph ChalomRSU295,590$2,642,575
Joseph ChalomPSU147,7951,321,287
Robert DeLuciaRSU112,4931,005,687
Robert DeLuciaRSU48,560434,126
Robert DeLuciaPSU24,281217,072
Robert DeLuciaRSU8,09472,360
Rob PhythianOption668112.32
Rob PhythianOption3,75075.48
Rob PhythianOption1,45852.8
Robert DeLuciaOption1,250144
Robert DeLuciaOption41752.8
05

Incentive-plan design — the Compensation Discussion & Analysis

The guiding principle of our compensation philosophy is that pay should be linked to performance and that the interests of executives and stockholders should be aligned. That principle is embedded in our compensation program, which is designed to optimize alignment between executive pay and actual results.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policy
Anti-hedging
Anti-pledging
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-1032,233,51015,431,1789,005,85167.63%Passed
20242024-12-23673,88422,5071,80296.77%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-04-1067.63%a
20242024-12-2396.77%b

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Leslie BernhardIndependent · Audit Committee (Chair) · Compensation Committee · Nominating and Corporate Governance Committee$83,543$663,432$0$0$746,975
Obie McKenzieIndependent · Audit Committee · Compensation Committee (Chair) · Investment and Technology Committee (Chair)82,500663,43200745,932
Robert GutkowskiIndependent · Audit Committee · Compensation Committee · Nominating and Corporate Governance Committee (Chair)76,042663,43200739,474
Joseph LubinIndependent · Board Chair · Nominating and Corporate Governance Committee · Investment and Technology Committee107,917000107,917
Rob PhythianEmployee director · Departed during FY0
Joseph ChalomEmployee director · Investment and Technology Committee0
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$75,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$350,002
Equity awards (grant-date value)$1,990,296
All other compensation$0
Total cost of the board$2,340,298

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Executive
10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Sharplink2025Joseph Chalom$317,308$6,136,448$0$4,000,000$10,453,756

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Rob PhythianDEF 14A2026-03-170001493152-26-010536Section “Executive Compensation”. As printed: 11,025,001. Filing ↗machine: r4 · c27 · span 440794–440804
2Section 01, Joseph ChalomDEF 14A2026-03-170001493152-26-010536Section “Executive Compensation”. As printed: 10,453,756. Filing ↗machine: r1 · c27 · span 437325–437335
3Section 01, Robert DeLuciaDEF 14A2026-03-170001493152-26-010536Section “Executive Compensation”. As printed: 5,374,711. Filing ↗machine: r7 · c27 · span 444162–444171
4Section 08, Leslie BernhardDEF 14A2026-03-170001493152-26-010536Section “Director Compensation”. As printed: 746,975. Filing ↗machine: span 345787–345794
5Section 08, Obie McKenzieDEF 14A2026-03-170001493152-26-010536Section “Director Compensation”. As printed: 745,932. Filing ↗machine: span 346343–346350
6Section 08, Robert GutkowskiDEF 14A2026-03-170001493152-26-010536Section “Director Compensation”. As printed: 739,474. Filing ↗machine: span 346902–346909
7Section 08, Joseph LubinDEF 14A2026-03-170001493152-26-010536Section “Director Compensation”. As printed: 107,917. Filing ↗machine: span 347163–347170
8Section 08, Rob PhythianDEF 14A2026-03-170001493152-26-010536Section “Director Compensation”. As printed: 0. Filing ↗
9Section 08, Joseph ChalomDEF 14A2026-03-170001493152-26-010536Section “Director Compensation”. As printed: 0. Filing ↗
10Section 06, 2026 voteForm 8-K2026-04-140001493152-26-016477Item 5.07 · say-on-pay result. As reported: 67.63% (votes for as printed: 32,233,510). Filing ↗
11Section 06, 2024 voteForm 8-K2024-12-260001493152-24-052149Item 5.07 · say-on-pay result. As reported: 96.77% (votes for as printed: 673,884). Filing ↗
12Section 09b board cost (computed)ComputedcomputedCash 350,002 + equity 1,990,296 + all other 0 = 2,340,298, summed across the director compensation table rows.machine: formula: Σ = 2,340,298
13Sharplink (subject), Section 10b CEO totalDEF 14A2026-03-170001493152-26-010536CEO total compensation as printed in Sharplink's own proxy. As printed: 10,453,756. Filing ↗machine: r1 · c27 · span 437325–437335