Motorsport Games (MSGM) awards director 64,663 RSUs vesting in 2027
Rhea-AI Filing Summary
Huang Guoquan reported acquisition or exercise transactions in this Form 4 filing.
Motorsport Games Inc. director Huang Guoquan reported an equity compensation award of 64,663 restricted stock units, each representing a contingent right to one share of Class A Common Stock. The RSUs vest on the earlier of January 1, 2027, or a Change of Control, subject to his continued service. Following this grant, his directly held Class A position reported in the filing is 246,481 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 64,663 shares
Net Buy
1 txn
Insider
Huang Guoquan
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 64,663 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 246,481 shares (Direct)
Footnotes (1)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock. Each RSU vests on the earlier of January 1, 2027, or the occurrence of a Change of Control (as defined in the Amended and Restated 2021 Equity Incentive Plan), subject to the director's continued service through the applicable vesting date.
Key Figures
RSUs granted: 64663.0000 shares
Vesting date: January 1, 2027
Price per share: 0.0000
+1 more
4 metrics
RSUs granted
64663.0000 shares
Restricted stock units awarded to director Huang Guoquan representing Class A Common Stock
Vesting date
January 1, 2027
RSUs vest on the earlier of this date or a Change of Control
Price per share
0.0000
Reported transaction price per share for the RSU grant
Shares following transaction
246481.0000 shares
Director’s direct Class A Common Stock position after the award
Key Terms
restricted stock unit ("RSU"), Change of Control, Amended and Restated 2021 Equity Incentive Plan
3 terms
restricted stock unit ("RSU") financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Change of Control financial
"vests on the earlier of January 1, 2027, or the occurrence of a Change of Control"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
Amended and Restated 2021 Equity Incentive Plan financial
"Change of Control (as defined in the Amended and Restated 2021 Equity Incentive Plan)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Motorsport Games (MSGM) report for director Huang Guoquan?
Motorsport Games reported that director Huang Guoquan received an equity award of 64,663 restricted stock units. Each RSU represents a contingent right to one share of Class A Common Stock, subject to vesting conditions tied to time and potential Change of Control.
How many RSUs did MSGM director Huang Guoquan receive and at what price?
Director Huang Guoquan received 64,663 restricted stock units at a reported price of $0.0000 per share. These RSUs are a compensation grant rather than a market purchase, and each unit corresponds to a potential future share of Class A Common Stock upon vesting.
When do the RSUs granted to MSGM director Huang Guoquan vest?
The RSUs granted to Huang Guoquan vest on the earlier of January 1, 2027, or the occurrence of a Change of Control. Vesting is conditioned on his continued service as a director through the applicable vesting date under the 2021 Equity Incentive Plan.
What is Huang Guoquan’s reported Class A holding in MSGM after this transaction?
After the reported award, Huang Guoquan’s direct Class A Common Stock position is 246,481 shares. This figure reflects his holdings following the RSU grant as disclosed in the Form 4, combining previously held and newly awarded equity reported as direct ownership.
Was the MSGM Form 4 transaction for Huang Guoquan under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating the grant was under such a plan. This aligns with the transaction being a scheduled compensation award rather than an open-market trade executed under a trading plan.
What plan governs the RSU grant reported for MSGM director Huang Guoquan?
The RSU grant is governed by the Amended and Restated 2021 Equity Incentive Plan. Under this plan, each RSU is a contingent right to one Class A share and vests based on time or a Change of Control, subject to the director’s continued service.