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

Role: 10%+ Owner
Signature: /s/ Mayra C. Ruiz
Issuer symbol: MSPR
Transactions as of: 13 Dec 2024
Net transactions value: $0
Form type: 4
Filing time: 17 Dec 2024, 17:27:06 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MSPR	Class A Common Stock	Sale	$0	-16,000	-50%	$0.000000	16,000	13 Dec 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	+1,012,123	+11245811%	$0.000000	1,012,132	13 Dec 2024	Class A Common Stock	1,012,123	$0.000000	See footnote	F4, F5, F6
holding	MSPR	New Warrants [MSPRW]						1,354	13 Dec 2024	Class A Common Stock	1,354	$7187.50	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").