4//SEC Filing
Ruiz Mayra Cristina 4
Accession 0000950170-24-137403
CIK 0001802450other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 5:27 PM ET
Size
10.6 KB
Accession
0000950170-24-137403
Insider Transaction Report
Form 4
Ruiz Mayra Cristina
Director10% Owner
Transactions
- Sale
Up-C Units
2024-12-13+1,012,123→ 1,012,132 total(indirect: See footnote)Exercise: $0.00→ Class A Common Stock (1,012,123 underlying) - Sale
Class A Common Stock
2024-12-13−16,000→ 16,000 total(indirect: See footnote)
Holdings
- 1,354
New Warrants [MSPRW]
Exercise: $7187.50From: 2022-06-22Exp: 2027-05-23→ Class A Common Stock (1,354 underlying)
Footnotes (7)
- [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 C. Ruiz, which beneficially owned 16,000 shares of Class A Common Stock.
- [F2]Includes 16,000 shares of Class A Common Stock held by Ruiz Group Holdings Limited, LLC.
- [F3]Represents 16,000 shares of Class A Common Stock held by Ruiz Group Holdings Limited, LLC.
- [F4]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 CompanyAgreement of Lionheart II Holdings, LLC (the "LLC Agreement"). Effective December 13, 2024, pursuant to a marital settlement agreement, Mayra C. Ruiz acquired from John H. Ruiz: (i) Ruiz Group Holdings Limited, LLC, which holds 692,123 Up-C Units; and (ii) 320,000 Up-C Units held by Jocral Family LLLP.
- [F5]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.
- [F6]Represents Up-C Units held as follows: (a) 692,123 Up-C Units by Ruiz Group Holdings Limited, LLC; and (b) 320,000 Up-C Units held by Mayra C. Ruiz, individually.
- [F7]1,354 shares of Class A common stock issuable upon the exercise of 846,000 warrants held by Mayra C. Ruiz to purchase shares of Class A Common Stock at $7,187.50 per share, which became exercisable on June 22, 2022 and expire on May 23, 2027, as disclosed in the Issuer's Current Report on Form 8-K filed on May 27, 2022 ("Closing 8-K").
Documents
Issuer
MSP Recovery, Inc.
CIK 0001802450
Entity typeother
Related Parties
1- filerCIK 0001930306
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 5:27 PM ET
- Size
- 10.6 KB