Motorsport Games holder details 27.9% stake, sale plan
Motorsport Games Inc.’s major shareholder Driven Lifestyle Group LLC and Mike Zoi filed an amended Schedule 13D to update their ownership and trading plans.
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Rhea-AI Filing Summary
Motorsport Games Inc.’s major shareholder Driven Lifestyle Group LLC and Mike Zoi filed an amended Schedule 13D to update their ownership and trading plans. They now beneficially own 1,417,557 shares of Class A common stock, or 27.9% of that class, and also hold 700,000 Class B shares, giving them 69.7% of total voting power.
The amendment reports that Driven Lifestyle sold an aggregate 62,828 Class A shares on February 20, 23 and 24, 2026 under a pre‑arranged Rule 10b5‑1 trading plan adopted on December 31, 2025. That plan covers 1,480,385 Class A shares to be sold at market by a broker, with termination upon completion, certain corporate events, or after up to two years.
Insights
Controlling shareholder updates 13D with sales and a sizable preset sale plan.
Driven Lifestyle and Mike Zoi reaffirm effective control of Motorsport Games through 1,417,557 Class A shares and 700,000 Class B shares, amounting to 69.7% of total voting power. This filing mainly refreshes public information on their stake.
The amendment discloses recent open‑market sales of 62,828 Class A shares on February 20, 23 and 24, 2026 executed under a Rule 10b5‑1 plan. The same plan covers up to 1,480,385 shares to be sold over time, which could gradually increase trading volume and free float if fully executed.
The Rule 10b5‑1 plan, adopted on December 31, 2025, specifies broker‑managed market sales and can end after two years, completion of trades, or certain insolvency or termination events. Future company disclosures may provide additional detail on progress under this plan and any resulting shifts in ownership concentration.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What voting control do Driven Lifestyle and Mike Zoi hold in Motorsport Games (MSGM)?
How long will the Motorsport Games (MSGM) Rule 10b5‑1 plan remain in effect?
Do Driven Lifestyle and Mike Zoi have specific plans to change control of Motorsport Games (MSGM)?
AI-generated analysis. How Rhea-AI works. Not financial advice.