John Hasan Ruiz - Dec 13, 2024 Form 4 Insider Report for MSP Recovery, Inc. (MSPR)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: John Hasan Ruiz
Stock symbol: MSPR
Transactions as of: Dec 13, 2024
Transactions value $: $0
Form type: 4
Date filed: 12/17/2024, 04:22 PM
Previous filing: Aug 28, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSPR	Class A Common Stock	Sale	$0	-16K	-12.53%	$0.00	112K	Dec 13, 2024	See footnote	F1, F2

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	MSPR	Up-C Units	Sale		-1.01M	-30.35%		2.32M	Dec 13, 2024	Class A Common Stock	1.01M	$0.00	See footnote	F3, F4, F5

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

Explanation of Responses:

Id	Content
F1	Effective December 13, 2024, pursuant to a marital settlement agreement, John H. Ruiz transferred all of his interest in Ruiz Group Holdings Limited, LLC to his ex-wife, Mayra Ruiz, which beneficially owned 16,000 shares of Class A Common Stock.
F2	Represents: (a) 40,000 shares of Class A Common Stock held by Jocral Family LLLP; and (b) 71,657 shares of Class A Common Stock held John H. Ruiz, individually.
F3	Represents LLC units ("LLC Units") of Lionheart II Holdings, LLC ("Opco"), which are ach paired with one share of Class V Common Stock, par value $0.0001 per share, of the Issuer ("Class V Common Stock"). Each share of Class V Common Stock has the same voting rights as a share of Class A common stock, par value $0.0001 per share, of the Issuer ("Class A Common Stock"), but no economic rights. Effective December 13, 2024, pursuant to a marital settlement agreement, John H. Ruiz transferred all of his interest in: (i) Ruiz Group Holdings Limited, LLC, which beneficially owned 692,123 Up-C Units, and (ii) 320,000 Up-C Units held by Jocral Family LLLP.
F4	Pursuant to the first amended and restated limited liability company agreement of Opco, dated as of May 23, 2022 (the "LLC Agreement"), the LLC Units have no expiration date and each LLC Unit, together with a share of Class V Common Stock, is exchangeable for one share of Class A Common Stock.
F5	Represents shares of Class A Common Stock issuable in respect of an equal number of Class B units (the "LLC Units") of Lionheart II Holdings, LLC, a wholly owned subsidiary of the Issuer ("Opco"), and shares of Class V common stock, par value $0.0001 per share ("Class V Common Stock," and together with an LLC Unit, an "Up-C Unit"), subject to the terms of the First Amended and Restated Limited Liability Company Agreement of Lionheart II Holdings, LLC (the "LLC Agreement"), held as follows: (a) 463,096 by Series MRCS, a series of MDA, Series LLC ("Series MRCS") (including 80,271 held on behalf of Jocral Holdings LLC); and (b) 1,859,435 by Jocral Family LLLP.