4//SEC Filing
Sternberg Ophir 4
Accession 0000899243-22-021702
CIK 0001802450other
Filed
Jun 8, 8:00 PM ET
Accepted
Jun 9, 7:35 PM ET
Size
18.2 KB
Accession
0000899243-22-021702
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.
Documents
Issuer
MSP Recovery, Inc.
CIK 0001802450
Entity typeother
Related Parties
1- filerCIK 0001793414
Filing Metadata
- Form type
- 4
- Filed
- Jun 8, 8:00 PM ET
- Accepted
- Jun 9, 7:35 PM ET
- Size
- 18.2 KB