Ophir Sternberg - Jun 7, 2022 Form 4 Insider Report for MSP Recovery, Inc. (LIFW)

Role: Director, 10%+ Owner
Signature: /s/ Ophir Sternberg
Stock symbol: LIFW
Transactions as of: Jun 7, 2022
Transactions value $: -$15
Form type: 4
Date filed: 6/9/2022, 07:35 PM
Previous filing: Jun 1, 2022
Next filing: Jan 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LIFW	Class A Common Stock	Exercise of in-the-money or at-the-money derivative security	$0	+121K	+5.24%	$0.00	2.44M	Jun 7, 2022	Lionheart Equities, LLC	F1, F2
transaction	LIFW	Class A Common Stock	Sale	-$9	-3	0%	$2.98^*	2.44M	Jun 7, 2022	Lionheart Equities, LLC	F2, F3
transaction	LIFW	Class A Common Stock	Exercise of in-the-money or at-the-money derivative security	$0	+92.5K	+12.5%	$0.00	833K	Jun 7, 2022	Lionheart Investments, LLC	F1, F4
transaction	LIFW	Class A Common Stock	Sale	-$6	-2	0%	$2.98^*	832K	Jun 7, 2022	Lionheart Investments, LLC	F4, F5
holding	LIFW	Class A Common Stock						1M	Jun 7, 2022	Star Mountain Equities, LLC	F6
holding	LIFW	Class A Common Stock						1M	Jun 7, 2022	2022 OS Irrevocable Trust	F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LIFW	Warrant (right to buy)	Exercise of in-the-money or at-the-money derivative security	$0	+121K		$0.00^*	0	Jun 7, 2022	Class A Common Stock	121K	$11.50	Lionheart Equities LLC
transaction	LIFW	Warrant (right to buy)	Exercise of in-the-money or at-the-money derivative security	$0	+92.5K		$0.00^*	0	Jun 7, 2022	Class A Common Stock	92.5K	$11.50	Lionheart Investments, LLC

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On May 25, 2022, the issuer made a distribution of newly issued warrants on account of the outstanding shares of Class A Common Stock, resulting in a decrease of the exercise price of the warrants from $11.50 to $0.0001, the par value of the Class A Common Stock, per share pursuant to the terms of the Warrant Agreement governing such warrants.
F2	The Class A Common Stock are owned directly by Lionheart Equities, LLC ("Equities"), an entity which Mr. Sternberg owns and controls.
F3	On June 7, 2022, the reporting person exercised warrants to purchase 121,252 shares of Issuer's common stock for $0.0001 a share. The reporting person paid the exercise price on a cashless basis, resulting in Issuer's withholding of 3 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 121,247 shares.
F4	The Class A Common Stock are owned directly by Lionheart Investments, LLC ("Investments), an entity which Mr. Sternberg owns and controls.
F5	On June 7, 2022, the reporting person exercised warrants to purchase 92,500 shares of Issuer's common stock for $0.0001 a share. The reporting person paid the exercise price on a cashless basis, resulting in Issuer's withholding of 2 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 92,498 shares.
F6	These Class A shares are owned directly by Star Mountain Equities, LLC, an entity which Mr. Sternberg owns and controls.
F7	These Class A shares are owned directly by 2022 OS Irrevocable Trust, over which Mr. Sternberg has sole investment and dispository power as its trustee.