ZOI MIKE 4
4 · Motorsport Games Inc. · Filed Feb 2, 2023
Insider Transaction Report
Form 4
ZOI MIKE
10% Owner
Transactions
- Purchase
Class A Common Stock
2023-02-01$6.68/sh+441,402$2,948,565→ 1,480,385 total(indirect: By LLC)
Footnotes (3)
- [F1]On February 1, 2023, Motorsport Network, LLC ("Motorsport Network") entered into a debt-for-equity exchange agreement with Motorsport Games Inc. (the "Company") pursuant to which the Company agreed to issue to Motorsport Network, LLC 441,402 shares of the Company's Class A common stock, which represents the Company's remaining balance outstanding (including the principal and accrued and not yet paid interests thereon) under the promissory note in favor of Motorsport Network dated April 1, 2020, as amended on November 23, 2020.
- [F2]The average Nasdaq Official Closing Price for the consecutive five trading day period ending on January 31, 2023.
- [F3]These shares are owned directly by Motorsport Network and indirectly by Mike Zoi as Manager of Motorsport Network.