Motorsport Games Inc.·4

Mar 12, 4:05 PM ET

ZOI MIKE 4

Research Summary

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Motorsport Games (MSGM) 10% Owner Mike Zoi Sells 31,131 Shares

What Happened
Mike Zoi, a 10% owner of Motorsport Games (MSGM) acting through Driven Lifestyle Group LLC (of which he is the manager), sold 31,131 shares of the issuer's Class A common stock on March 10, 2026. The filing reports a weighted-average sale price of $4.51, for total proceeds of $140,401. The sales were executed under a Rule 10b5-1 trading arrangement adopted December 31, 2025.

Key Details

  • Transaction date: 2026-03-10 (reported on Form 4 filed 2026-03-12; appears timely within the two-business-day reporting window).
  • Transaction type: Sale (S) — open market/private sale.
  • Shares sold: 31,131; weighted-average price: $4.51; total proceeds: $140,401.
  • Price range: sales occurred across multiple trades at prices from $4.22 to $4.92 (weighted avg reported; reporting person will provide breakdown on request per the filing).
  • Ownership: These shares were owned directly by Driven Lifestyle Group LLC and indirectly by Mike Zoi as Manager (footnote). The filing does not list the number of shares owned after the transaction.
  • Notable footnote: Sale executed pursuant to a 10b5-1 plan adopted 2025-12-31 (routine plan-based selling).

Context

  • A 10b5-1 trading plan is a pre-arranged program that allows insiders to sell shares at scheduled times and is commonly used to avoid allegations of trading on nonpublic information; it does not necessarily indicate a change in the insider’s view of the company.
  • As a 10% owner rather than an executive-only disclosure, this reflects transactions by a principal holder via its LLC.