Motorsport Games Inc.·4

Mar 9, 7:17 PM ET

ZOI MIKE 4

Research Summary

AI-generated summary

Updated

Motorsport Games (MSGM) 10% Owner Mike Zoi Sells Shares

What Happened
Mike Zoi, a 10% owner (indirectly via Driven Lifestyle Group LLC), sold a total of 144,844 shares of Motorsport Games Inc. (Class A common stock) in open‑market transactions executed March 5, 6 and 9, 2026. Reported blocks: 90,900 shares at a weighted average $4.49 for $408,141; 29,224 shares at $4.70 for $137,353; and 24,720 shares at $4.84 for $119,645 — total proceeds about $665,139. These were sales (not purchases).

Key Details

  • Transaction dates & reported weighted averages:
    • 2026-03-05: 90,900 shares @ $4.49 = $408,141 (prices in that block ranged $4.13–$4.80 per footnote)
    • 2026-03-06: 29,224 shares @ $4.70 = $137,353 (prices ranged $4.36–$4.84)
    • 2026-03-09: 24,720 shares @ $4.84 = $119,645 (prices ranged $4.45–$4.97)
  • Total shares sold: 144,844; total proceeds: ~$665,139.
  • These sales were executed under a Rule 10b5‑1 trading plan adopted by the reporting person on December 31, 2025 (per footnote).
  • Shares are owned directly by Driven Lifestyle Group LLC and indirectly by Mike Zoi as manager (per footnote).
  • The filing was made on 2026-03-09 (period of report includes 2026-03-05); the Form 4 appears to have been filed timely.
  • The filing lists weighted average prices; the reporting person offers to provide a per‑trade price breakdown on request.

Context
As a 10% owner (via an entity), Zoi’s sales are institutional/ownership transactions rather than an executive grant or exercise. Sales conducted under a prearranged 10b5‑1 plan are scheduled trades and do not necessarily indicate a change in sentiment. The weighted averages and noted price ranges indicate each reported block was executed in multiple trades. For full post‑sale holdings and further detail, consult the complete Form 4 filing.