Motorsport Games (NASDAQ: MSGM) insider entity sells 58,710 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Motorsport Games Inc. insider Mike Zoi, through Driven Lifestyle Group LLC, reported open-market sales of Class A common stock over three days under a pre-arranged Rule 10b5-1 trading plan adopted on December 31, 2025. The LLC sold 6,500 shares on March 2, 11,675 shares on March 3, and 40,535 shares on March 4, 2026, for a total of 58,710 shares. Reported weighted average prices were approximately $3.74, $3.77 and $4.03 per share, with actual trade prices within disclosed ranges around these averages. Following these transactions, the filing shows 1,336,264 Class A shares indirectly held through Driven Lifestyle Group LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 58,710 shares ($231,681)
Net Sell
3 txns
Insider
ZOI MIKE
Role
10% Owner
Sold
58,710 shs ($232K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 40,535 | $4.03 | $163K |
| Sale | Class A Common Stock | 11,675 | $3.77 | $44K |
| Sale | Class A Common Stock | 6,500 | $3.74 | $24K |
Holdings After Transaction:
Class A Common Stock — 1,336,264 shares (Indirect, By Driven Lifestyle Group LLC)
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 $3.675 through $3.82. 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 $3.65 through $3.84. 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 $3.87 through $4.16. 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.
FAQ
What insider transactions did MSGM’s Mike Zoi report in this Form 4?
Mike Zoi, via Driven Lifestyle Group LLC, reported selling 58,710 shares of Motorsport Games Class A common stock in three open-market transactions on March 2, 3, and 4, 2026, as disclosed in the Form 4 filing.
Were the MSGM insider stock sales made under a Rule 10b5-1 plan?
Yes. The filing states the shares were sold under a Rule 10b5-1 trading arrangement adopted by the reporting person on December 31, 2025, indicating the sales followed a pre-established trading plan rather than discretionary same-day decisions.