4//SEC Filing
Ruiz John Hasan 4
Accession 0000950170-24-137245
CIK 0001802450other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 4:22 PM ET
Size
9.4 KB
Accession
0000950170-24-137245
Insider Transaction Report
Form 4
Ruiz John Hasan
DirectorChief Executive Officer10% Owner
Transactions
- Sale
Class A Common Stock
2024-12-13−16,000→ 111,657 total(indirect: See footnote) - Sale
Up-C Units
2024-12-13−1,012,123→ 2,322,531 total(indirect: See footnote)Exercise: $0.00→ Class A Common Stock (1,012,123 underlying)
Footnotes (5)
- [F1]Effective December 13, 2024, pursuant to a marital settlement agreement, John H. Ruiz transferred all of his interest in Ruiz Group Holdings Limited, LLC to his ex-wife, Mayra Ruiz, which beneficially owned 16,000 shares of Class A Common Stock.
- [F2]Represents: (a) 40,000 shares of Class A Common Stock held by Jocral Family LLLP; and (b) 71,657 shares of Class A Common Stock held John H. Ruiz, individually.
- [F3]Represents LLC units ("LLC Units") of Lionheart II Holdings, LLC ("Opco"), which are ach paired with one share of Class V Common Stock, par value $0.0001 per share, of the Issuer ("Class V Common Stock"). Each share of Class V Common Stock has the same voting rights as a share of Class A common stock, par value $0.0001 per share, of the Issuer ("Class A Common Stock"), but no economic rights. Effective December 13, 2024, pursuant to a marital settlement agreement, John H. Ruiz transferred all of his interest in: (i) Ruiz Group Holdings Limited, LLC, which beneficially owned 692,123 Up-C Units, and (ii) 320,000 Up-C Units held by Jocral Family LLLP.
- [F4]Pursuant to the first amended and restated limited liability company agreement of Opco, dated as of May 23, 2022 (the "LLC Agreement"), the LLC Units have no expiration date and each LLC Unit, together with a share of Class V Common Stock, is exchangeable for one share of Class A Common Stock.
- [F5]Represents shares of Class A Common Stock issuable in respect of an equal number of Class B units (the "LLC Units") of Lionheart II Holdings, LLC, a wholly owned subsidiary of the Issuer ("Opco"), and shares of Class V common stock, par value $0.0001 per share ("Class V Common Stock," and together with an LLC Unit, an "Up-C Unit"), subject to the terms of the First Amended and Restated Limited Liability Company Agreement of Lionheart II Holdings, LLC (the "LLC Agreement"), held as follows: (a) 463,096 by Series MRCS, a series of MDA, Series LLC ("Series MRCS") (including 80,271 held on behalf of Jocral Holdings LLC); and (b) 1,859,435 by Jocral Family LLLP.
Documents
Issuer
MSP Recovery, Inc.
CIK 0001802450
Entity typeother
Related Parties
1- filerCIK 0001926798
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 4:22 PM ET
- Size
- 9.4 KB