Motorsport Games (MSGM) insider sells 144,844 shares under plan
Rhea-AI Filing Summary
Motorsport Games Inc. large shareholder Driven Lifestyle Group LLC, indirectly associated with Mike Zoi, reported open-market sales of a total of 144,844 shares of Class A common stock. The sales occurred on March 5, 6 and 9, 2026 under a Rule 10b5-1 trading plan adopted on December 31, 2025.
Reported weighted average prices were $4.49, $4.70 and $4.84 per share for the respective trading days. Following these transactions, the filing shows 1,191,420 shares of Class A common stock indirectly held.
Positive
- None.
Negative
- None.
Insights
Pre-planned insider sales reduce an existing large position but follow a Rule 10b5-1 plan.
Driven Lifestyle Group LLC, an entity managed by Mike Zoi, sold a total of 144,844 Motorsport Games Class A shares in three open-market transactions. The trades were executed under a Rule 10b5-1 trading arrangement adopted on December 31, 2025, indicating they were pre-scheduled.
After these sales, the indirect holdings reported stand at 1,191,420 Class A shares. The filing does not provide broader company financial metrics, so this event mainly updates ownership levels rather than changing the underlying business picture.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 24,720 | $4.84 | $120K |
| Sale | Class A Common Stock | 29,224 | $4.70 | $137K |
| Sale | Class A Common Stock | 90,900 | $4.49 | $408K |
Footnotes (1)
- Represents shares of the Issuer's Class A common stock sold by the reporting person in accordance with a Rule 10b5-1 trading arrangement adopted by the reporting person on December 31, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.13 through $4.80. The reporting person undertakes to provide to Motorsport Games Inc., any security holder of Motorsport Games Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. These shares are owned directly by Driven Lifestyle Group LLC, and indirectly by Mike Zoi as Manager of Driven Lifestyle Group LLC. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.36 through $4.84. The reporting person undertakes to provide to Motorsport Games Inc., any security holder of Motorsport Games Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.45 through $4.97. The reporting person undertakes to provide to Motorsport Games Inc., any security holder of Motorsport Games Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.