Driven Lifestyle trims MSGM stake, keeps voting control
Driven Lifestyle Group LLC and Mike Zoi filed an amended Schedule 13D on Motorsport Games Inc. after recent share sales under a pre-arranged trading plan.
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Rhea-AI Filing Summary
Driven Lifestyle Group LLC and Mike Zoi filed an amended Schedule 13D on Motorsport Games Inc. after recent share sales under a pre-arranged trading plan. On the March 3–6, 2026 sales dates, Driven Lifestyle sold an aggregate 172,334 shares of Class A common stock pursuant to a Rule 10b5-1 plan adopted on December 31, 2025.
After these sales, the reporting persons beneficially own 1,214,699 shares of Class A common stock, representing approximately 23.9% of the outstanding Class A shares, and share voting and dispositive power over those shares. Together with 700,000 shares of Class B common stock that carry 10 votes per share, they control 68.0% of the total voting power of the company’s Class A and Class B common stock.
Insights
Controlling holder trims position via 10b5-1 plan but keeps majority voting power.
The filing shows Driven Lifestyle Group LLC and Mike Zoi sold 172,334 Class A shares in early March 2026 under a Rule 10b5-1 trading plan that covers 1,480,385 Class A shares. This indicates an orderly, pre-planned reduction rather than a discretionary, sudden sale.
Despite these sales, the reporting persons still beneficially own 1,214,699 Class A shares, or about 23.9% of that class. Combined with 700,000 Class B shares carrying 10 votes per share, they hold 68.0% of total voting power. That level of control means they can significantly influence or determine shareholder votes, including elections and major corporate actions.
The Rule 10b5-1 plan can run for up to 2 years from its effective date or until the specified orders are completed. Subsequent disclosures will show how many additional shares are sold under this plan and whether the voting power of the reporting persons materially changes over time.
FAQ
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How much of Motorsport Games Inc. (MSGM) does Driven Lifestyle still own?
What voting control do Driven Lifestyle and Mike Zoi have in MSGM?
How long can the Rule 10b5-1 trading plan for MSGM remain in effect?
AI-generated analysis. How Rhea-AI works. Not financial advice.