Section 16 Transactions

FreeCast, Inc.’s management does not normally respond to rumors and statements purporting to be news about the company; however, false social media posts from stock promotional websites, including AI-based publications, have been made recently that require a response and sharp denial from the company. To do otherwise, would allow a false impression to permeate the market.

Recent published statements suggesting that the company’s CEO William A. Mobley, Jr. or a related entity, Nextelligence, Inc., sold shares of FreeCast common stock to benefit Mr. Mobley are categorically false. No such sales have occurred. The misstatements appear to be based upon a misreading and mischaracterization of reported transactions involving (1) the partial conversion by Nextelligence of an ongoing revolving convertible loan into FreeCast shares, and (2) Nextelligence’s sale of FreeCast shares valued at $4, $6 and $8 to satisfy longstanding obligations. To be clear, none of the reported transactions involved shares owned directly by Mr. Mobley, and Mr. Mobley did not receive any proceeds from any of the reported transactions. Furthermore, Mr. Mobley will not receive any proceeds from any future reported sale transactions by Nextelligence unless specifically stated otherwise.

Investors are encouraged to review FreeCast’s public SEC filings if they want additional information.