Allied Gaming & Entertainment (AGAE) Form 4 Allied Esports Entertainment / Kenneth DeCubellis ownership change

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

DeCubellis Kenneth

(Last) (First) (Middle)

110 NORTH 5TH STREET

SUITE 410

(Street)

MINNEAPOLIS MN 55403

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Allied Esports Entertainment, Inc. [ AESE ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2020

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/10/2020		S		129,968	D	$3.2877(2)	3,060,532	I	By Blackridge Oil & Gas, Inc.(1)
Common Stock	06/11/2020		S		27,000	D	$2.9878(3)	3,033,532	I	By Blackridge Oil & Gas, Inc.(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

DeCubellis Kenneth

(Last) (First) (Middle)

110 NORTH 5TH STREET

SUITE 410

(Street)

MINNEAPOLIS MN 55403

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Black Ridge Oil & Gas, Inc.

(Last) (First) (Middle)

110 NORTH 5TH STREET

SUITE 410

(Street)

MINNEAPOLIS MN 55403

(City) (State) (Zip)

Explanation of Responses:

1. Mr. DeCubellis, as Chief Executive Officer and Interim Chief Financial Officer of Black Ridge Oil & Gas, Inc. ("Black Ridge") exercises voting dispositive power over such shares. Mr. DeCubellis disclaims beneficial ownership of such shares except to the extent of his ultimate pecuniary interest

2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.200 to $3.3119, inclusive. The reporting persons undertake to provide to Allied Esports Entertainment, Inc. ("AESE"), any security holder of AESE, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4.

3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.95 to $3.01, inclusive.

	/s/ Kenneth DeCubellis	06/12/2020
	/s/ Kenneth DeCubellis, as CEO and Interim CFO of Black Ridge Oil & Gas, Inc.	06/12/2020
	** Signature of Reporting Person	Date
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