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

Role
10%+ Owner
Signature
/s/ Mayra C. Ruiz
Stock symbol
MSPR
Transactions as of
Dec 13, 2024
Transactions value $
$0
Form type
4
Date filed
12/17/2024, 05:27 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSPR Class A Common Stock Sale $0 -16K -50% $0.00 16K Dec 13, 2024 See footnote F1, F2, F3

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 $0 +1.01M +11245811.11% $0.00 1.01M Dec 13, 2024 Class A Common Stock 1.01M $0.00 See footnote F4, F5, F6
holding MSPR New Warrants [MSPRW] 1.35K Dec 13, 2024 Class A Common Stock 1.35K $7,187.50 Direct F7
* 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 C. Ruiz, which beneficially owned 16,000 shares of Class A Common Stock.
F2 Includes 16,000 shares of Class A Common Stock held by Ruiz Group Holdings Limited, LLC.
F3 Represents 16,000 shares of Class A Common Stock held by Ruiz Group Holdings Limited, LLC.
F4 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 CompanyAgreement of Lionheart II Holdings, LLC (the "LLC Agreement"). Effective December 13, 2024, pursuant to a marital settlement agreement, Mayra C. Ruiz acquired from John H. Ruiz: (i) Ruiz Group Holdings Limited, LLC, which holds 692,123 Up-C Units; and (ii) 320,000 Up-C Units held by Jocral Family LLLP.
F5 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.
F6 Represents Up-C Units held as follows: (a) 692,123 Up-C Units by Ruiz Group Holdings Limited, LLC; and (b) 320,000 Up-C Units held by Mayra C. Ruiz, individually.
F7 1,354 shares of Class A common stock issuable upon the exercise of 846,000 warrants held by Mayra C. Ruiz to purchase shares of Class A Common Stock at $7,187.50 per share, which became exercisable on June 22, 2022 and expire on May 23, 2027, as disclosed in the Issuer's Current Report on Form 8-K filed on May 27, 2022 ("Closing 8-K").