Filing Details

Accession Number:
0000899243-22-021702
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-06-09 19:35:36
Reporting Period:
2022-06-07
Accepted Time:
2022-06-09 19:35:36
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1802450 Msp Recovery Inc. MSPR () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1793414 Ophir Sternberg 4218 Ne 2Nd Avenue
Miami FL 33137
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2022-06-07 121,250 $0.00 2,435,063 No 4 X Indirect Lionheart Equities, LLC
Class A Common Stock Disposition 2022-06-07 3 $2.98 2,435,960 No 4 S Indirect Lionheart Equities, LLC
Class A Common Stock Acquisiton 2022-06-07 92,500 $0.00 832,500 No 4 X Indirect Lionheart Investments, LLC
Class A Common Stock Disposition 2022-06-07 2 $2.98 832,498 No 4 S Indirect Lionheart Investments, LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 X Indirect Lionheart Equities, LLC
No 4 S Indirect Lionheart Equities, LLC
No 4 X Indirect Lionheart Investments, LLC
No 4 S Indirect Lionheart Investments, LLC
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Warrant (right to buy) Acquisiton 2022-06-07 121,250 $0.00 121,247 $11.50
Class A Common Stock Warrant (right to buy) Acquisiton 2022-06-07 92,500 $0.00 92,498 $11.50
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2022-06-02 2027-05-23 No 4 X Indirect
0 2022-06-02 2027-05-23 No 4 X Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 1,000,000 Indirect Star Mountain Equities, LLC
Class A Common Stock 1,000,000 Indirect 2022 OS Irrevocable Trust
Footnotes
  1. 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.
  2. The Class A Common Stock are owned directly by Lionheart Equities, LLC ("Equities"), an entity which Mr. Sternberg owns and controls.
  3. 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.
  4. The Class A Common Stock are owned directly by Lionheart Investments, LLC ("Investments), an entity which Mr. Sternberg owns and controls.
  5. 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.
  6. These Class A shares are owned directly by Star Mountain Equities, LLC, an entity which Mr. Sternberg owns and controls.
  7. 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.