Motorsport Games (NASDAQ: MSGM) awards CEO 100,000 RSUs vesting in 1 year
Rhea-AI Filing Summary
HOOD STEPHEN reported acquisition or exercise transactions in this Form 4 filing.
Motorsport Games Inc. reported that Chief Executive Officer and director Stephen Hood received a grant of 100,000 restricted stock units (RSUs) tied to Class A Common Stock on 2026-07-30. The RSUs vest 33,333 shares on the grant date, 33,333 on the earlier of six months after grant or a Change of Control, and 33,334 on the earlier of one year after grant or a Change of Control, in each case subject to his continued service. The filing shows direct ownership of 100,000 shares following this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 100,000 shares
Net Buy
1 txn
Insider
HOOD STEPHEN
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 100,000 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 100,000 shares (Direct)
Footnotes (1)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock. The RSUs vest as follows: (i) 33,333 shares on the date of grant; (ii) 33,333 shares vest on the earlier of the 6-month anniversary of the grant or upon the occurrence of a Change of Control (as defined in the Amended and Restated 2021 Equity Incentive Plan); and (iii) 33,334 shares vest on the earlier of the one-year anniversary of the grantor upon the occurrence of a Change of Control, subject to the Mr. Hood's continued service through the applicable vesting date.
Key Figures
RSU grant size: 100,000 shares of Class A Common Stock
Immediate vesting tranche: 33,333 shares
Six-month or Change of Control tranche: 33,333 shares
+1 more
4 metrics
RSU grant size
100,000 shares of Class A Common Stock
Grant to CEO Stephen Hood with transaction date 2026-07-30
Immediate vesting tranche
33,333 shares
RSUs that vest on the grant date
Six-month or Change of Control tranche
33,333 shares
Vest on earlier of six-month anniversary of grant or a Change of Control
One-year or Change of Control tranche
33,334 shares
Vest on earlier of one-year anniversary of grant or a Change of Control
Key Terms
restricted stock unit, Change of Control, Amended and Restated 2021 Equity Incentive Plan
3 terms
restricted stock unit financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Change of Control regulatory
"33,333 shares vest on the earlier of the 6-month anniversary of the grant or upon 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 CEO Stephen Hood?
Motorsport Games reported that CEO Stephen Hood received a grant of 100,000 restricted stock units tied to Class A Common Stock on 2026-07-30. The award is equity compensation and was reported at $0.00 per share, not as an open-market purchase or sale.
What is the vesting schedule for Stephen Hood's 100,000 RSUs at Motorsport Games (MSGM)?
The RSUs vest in three parts: 33,333 shares on the grant date, 33,333 shares on the earlier of six months after grant or a Change of Control, and 33,334 shares on the earlier of one year after grant or a Change of Control, subject to continued service.
What triggers accelerated vesting of Stephen Hood's RSUs at Motorsport Games (MSGM)?
The second and third RSU tranches can vest early upon a Change of Control as defined in the Amended and Restated 2021 Equity Incentive Plan. Each of those tranches vests on the earlier of its time-based anniversary or the occurrence of such a Change of Control.
Does Stephen Hood's Form 4 for Motorsport Games (MSGM) reflect an open-market trade?
No. The Form 4 reports a grant/award acquisition of 100,000 restricted stock units at a reported price of $0.00 per share. This is stock-based compensation, not a purchase or sale of shares on the open market.
What ownership position is reported for Stephen Hood after this Motorsport Games (MSGM) grant?
Following the RSU grant, the Form 4 shows direct ownership of 100,000 shares of Class A Common Stock associated with this award. This reflects the reported position after the transaction and does not address any other holdings outside this specific filing.