Motorsport Games holder files 13D/A on control, sales
Motorsport Games Inc. major shareholder Driven Lifestyle Group LLC (formerly Motorsport Network) and its manager Mike Zoi filed an amended Schedule 13D updating their ownership and sale plans.
Rhea-AI Filing Summary
Motorsport Games Inc. major shareholder Driven Lifestyle Group LLC (formerly Motorsport Network) and its manager Mike Zoi filed an amended Schedule 13D updating their ownership and sale plans. They report beneficial ownership of 1,387,033 Class A shares, equal to about 27.3% of the outstanding Class A stock.
Together with 700,000 Class B shares that carry ten votes each, the reporting persons control 69.4% of the total voting power of Motorsport Games. On February 25, 26, 27 and March 2, 2026, Driven Lifestyle sold a total of 30,524 Class A shares under a pre-established Rule 10b5-1 trading plan adopted on December 31, 2025.
The Rule 10b5-1 plan covers 1,480,385 Class A shares and provides for sales at market prices beginning 31 days after adoption, subject to various termination conditions. Aside from these sales and the trading plan, the filers state they currently have no specific plans for corporate actions but reserve the right to buy or sell additional shares or change their intentions.
Positive
- None.
Negative
- None.
Insights
Filing confirms continued voting control alongside a structured sell-down plan.
Driven Lifestyle Group LLC and Mike Zoi reaffirm significant ownership in Motorsport Games, holding 1,387,033 Class A shares, or 27.3% of that class. Including 700,000 Class B shares with higher voting rights, they command 69.4% of total company voting power.
The amendment also details a Rule 10b5-1 trading plan adopted on December 31, 2025, covering 1,480,385 Class A shares. Under this plan, 30,524 shares were sold across four dates in February and March 2026. Such pre-arranged plans are designed to systematize sales over time.
The filers state no current specific corporate plans beyond these transactions, while explicitly reserving flexibility to buy or sell more shares or alter their stance. Future company disclosures will show how quickly shares are sold under the 10b5-1 plan and whether voting control levels change.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much of Motorsport Games (MSGM) does Driven Lifestyle currently own?
What voting control do the reporting persons hold in Motorsport Games (MSGM)?
Does the Schedule 13D/A for Motorsport Games (MSGM) disclose new strategic plans?
Who are the reporting persons in the Motorsport Games (MSGM) Schedule 13D/A?
AI-generated analysis. How Rhea-AI works. Not financial advice.