Sternberg Ophir 4
4 · MSP Recovery, Inc. · Filed Jun 9, 2022
Insider Transaction Report
Form 4
Sternberg Ophir
DirectorCEO and President10% Owner
Transactions
- Exercise of In-Money
Class A Common Stock
2022-06-07+121,250→ 2,435,063 total(indirect: By LLC) - Sale
Class A Common Stock
2022-06-07$2.98/sh−3$9→ 2,435,960 total(indirect: By LLC) - Exercise of In-Money
Warrant (right to buy)
2022-06-07+92,500→ 0 total(indirect: By LLC)Exercise: $11.50From: 2022-06-02Exp: 2027-05-23→ Class A Common Stock (92,498 underlying) - Exercise of In-Money
Class A Common Stock
2022-06-07+92,500→ 832,500 total(indirect: By LLC) - Sale
Class A Common Stock
2022-06-07$2.98/sh−2$6→ 832,498 total(indirect: By LLC) - Exercise of In-Money
Warrant (right to buy)
2022-06-07+121,250→ 0 total(indirect: By LLC)Exercise: $11.50From: 2022-06-02Exp: 2027-05-23→ Class A Common Stock (121,247 underlying)
Holdings
- 1,000,000(indirect: By LLC)
Class A Common Stock
- 1,000,000(indirect: By Trust)
Class A Common Stock
Footnotes (7)
- [F1]On May 25, 2022, the issuer made a distribution of newly issued warrants on account of the outstanding shares of Class A Common Stock, resulting in a decrease of the exercise price of the warrants from $11.50 to $0.0001, the par value of the Class A Common Stock, per share pursuant to the terms of the Warrant Agreement governing such warrants.
- [F2]The Class A Common Stock are owned directly by Lionheart Equities, LLC ("Equities"), an entity which Mr. Sternberg owns and controls.
- [F3]On June 7, 2022, the reporting person exercised warrants to purchase 121,252 shares of Issuer's common stock for $0.0001 a share. The reporting person paid the exercise price on a cashless basis, resulting in Issuer's withholding of 3 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 121,247 shares.
- [F4]The Class A Common Stock are owned directly by Lionheart Investments, LLC ("Investments), an entity which Mr. Sternberg owns and controls.
- [F5]On June 7, 2022, the reporting person exercised warrants to purchase 92,500 shares of Issuer's common stock for $0.0001 a share. The reporting person paid the exercise price on a cashless basis, resulting in Issuer's withholding of 2 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 92,498 shares.
- [F6]These Class A shares are owned directly by Star Mountain Equities, LLC, an entity which Mr. Sternberg owns and controls.
- [F7]These Class A shares are owned directly by 2022 OS Irrevocable Trust, over which Mr. Sternberg has sole investment and dispository power as its trustee.