Sow Good Inc. — Director's Dealing 2019

Aug 21, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Allied Esports Entertainment, Inc. (AESE)
CIK: 0001708341
Period of Report: 2017-05-09

Reporting Person: DeCubellis Kenneth (Director, Chief Financial Officer, 10% Owner)
Reporting Person: Black Ridge Oil & Gas, Inc. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-09	Common Stock	A	3450000	—	Acquired	3450000	Indirect
2017-10-10	Common Stock	A	400000	—	Acquired	3850000	Indirect
2017-10-18	Common Stock	A	45000	—	Acquired	3895000	Indirect
2019-08-09	Common Stock	A	44500	—	Acquired	3939500	Indirect
2019-08-09	Common Stock	A	66000	$9.09	Acquired	4005500	Indirect
2019-08-09	Common Stock	D	600000	—	Disposed	3405500	Indirect
2019-08-09	Common Stock	D	720000	—	Disposed	2685500	Indirect

Footnotes

F1: On October 4, 2017, the Issuer effected a stock dividend of 0.2 shares for each share outstanding, resulting in the reporting person receiving an additional 575,000 shares, for an aggregate total ownership of 3,450,000 shares.

F2: Mr. DeCubellis, as Chairman and Chief Executive Officer of Black Ridge Oil & Gas, Inc. exercises voting and dispositive power over such shares. Mr. DeCubellis disclaims beneficial ownership of such shares except to the extent of his ultimate pecuniary interest.

F3: 400,000 shares of common stock were issued by the issuer as a result of the initial public offering on October 10,2017.

F4: 44,500 shares of common stock were issued as a result of the conversion of 44,500 rights to receive common stock as a result of the merger of AEM with the issuer on August 9, 2019. The closing price of the shares on August 9, 2019 was $4.42.

F5: 60,000 units were issued as conversion of a convertible promissory note issued by Black Ridge Oil & Gas, Inc. ("BRAC") to issuer, which had an outstanding principal amount of $600,000 and accrued no interest, at a rate of $10 per unit. Each unit was entitled to one shares of common stock, one warrant to purchases common stock, and a right to one-tenth of a share of common stock upon the consummation of a business combination by the issuer. The units were automatically converted as a result of the merger of AEM with the issuer on August 9, 2019 into 66,000 shares of common stock and 60,000 warrants.

F6: 600,000 shares were transferred to Primo Vital Limited in connection with the merger of AEM with the issuer on August 9, 2019.

F7: 720,000 shares were transferred to subscribers in the issuer's private placement that closed on August 9, 2019.

F8: 45,000 shares of common stock were issued by the issuer, subject to the underwriter's over-allotment option, on October 18, 2017.