SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Igelman Alex

(Last)

(First)

(Middle)

C/O ESPORTS ENTERTAINMENT GROUP, INC.

112 NORTH CURRY STREET

(Street)

CARSON CITY

89703-4934

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/03/2023

3. Issuer Name and Ticker or Trading Symbol
ESPORTS ENTERTAINMENT GROUP, INC. [ GMBL ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common stock, $0.001 par value⁽¹⁾	2,500,000	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee stock options⁽²⁾	01/03/2023	01/03/2033	Common stock, $0.001 par value	2,500,000	$0.0736	D

Explanation of Responses:

1. These stock awards are being granted as inducement equity awards outside the Company's Esports Entertainment Group, Inc. 2020 Equity and Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4). The shares of common stock may not be sold or transferred until the six-month anniversary of the date of grant. The stock awards are subject to the terms of an award agreement outlining the specific terms of the stock awards.

2. Employee stock options were granted on January 3, 2023, and will vest in equal quarterly installments over a one-year period each on March 31, 2023, June 30, 2023, September 30, 2023, and December 31, 2023, subject to continued employment with the Company. The stock options expire on the tenth (10th) anniversary of the grant date and are subject to the terms of an award agreement outlining the specific terms of the stock options.

Remarks:

Exhibit 24

	/s/ Greg Page by POA from Alex Igelman	02/24/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.