Motorsport Games director corrects Form 3, discloses 181,818 shares

Rhea-AI Filing Summary

Huang Guoquan, a director of Motorsport Games Inc. (MSGM), amended his initial Form 3 to correct a typographical error in his reported holdings. The amended filing reports ownership of 181,818 shares of Class A common stock held directly. The amendment states the previous Form 3 misstated the number of shares and provides no additional derivative holdings or other changes to beneficial ownership.

Positive

• Corrected public record of beneficial ownership to 181,818 Class A shares
• Direct ownership clarified with no derivative positions reported

Negative

• Initial Form 3 contained a typographical error, indicating an accuracy lapse in the original filing

Insights

Financial Analyst

TL;DR: Amendment corrects a share-count typo; the director still holds 181,818 Class A shares and there are no disclosed derivatives.

The amendment is an administrative correction clarifying beneficial ownership. Because the filing shows a direct holding of 181,818 Class A shares and no derivative positions, the update removes ambiguity about outstanding ownership but does not indicate any change in economic exposure or corporate control. Impact on valuation or market perception is likely minimal absent other disclosures.

Corporate Governance Expert

TL;DR: Correcting a reporting error improves disclosure quality but signals a lapse in initial filing accuracy.

From a governance perspective, timely correction of Form 3 entries preserves compliance with Section 16 reporting obligations. The filing confirms the reporting person is a director and the ownership is direct. While the amendment remedies a typographical misstatement, it highlights the need for accurate initial reporting processes to avoid transient disclosure risk.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Huang Guoquan

(Last) (First) (Middle)

C/O MOTORSPORT GAMES INC.,

5972 NE 4TH AVENUE

(Street)

MIAMI, FL 33137

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/16/2025

3. Issuer Name and Ticker or Trading Symbol
Motorsport Games Inc. [ MSGM ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)
04/29/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	181,818(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The number of shares of Class A common stock held by the reporting person was misstated on the reporting person's original Form 3 due to a typographical error.

	/s/ Stanley Beckley, by Power of Attorney	08/27/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the amended Form 3 for Motorsport Games Inc. (MSGM)?

Huang Guoquan, identified as a director of Motorsport Games Inc., filed the amended Form 3 (signed by power of attorney).

How many Class A common shares does the reporting person own according to the amendment?

The amended filing reports ownership of 181,818 shares of Class A common stock, held directly.

Does the amended Form 3 disclose any derivative securities for MSGM?

No. The filing lists no derivative securities; only non-derivative Class A common stock is reported.

Was the amendment made because of a change in ownership or another reason?

The amendment states the change was to correct a typographical error in the original Form 3; it does not report a change in ownership.

Was this Form 3 filed jointly or by a single reporting person?

The filing indicates the Form was filed by one reporting person.