Lionheart Equities, LLC - 25 Jun 2021 Form 4 Insider Report for Lionheart Acquisition Corp. II (MSPR)

Reporting relationship: 10%+ Owner
Issuer ticker: MSPR
Reported as of: 25 Jun 2021
Net transaction value: +$1,850,000
SEC form: 4
Accepted by SEC: 07 Jul 2021, 21:40:47 UTC
Prior SEC filing: 06 Aug 2021
Next SEC filing: 03 Nov 2021
Source filing: View source filing
Reporting owner signature: Lionheart Equities, LLC By: /s/ Ophir Sternberg

Key filing fact

Lionheart Equities, LLC filed Form 4 for Lionheart Acquisition Corp. II (MSPR) on 07 Jul 2021.

Key facts

This page summarizes Lionheart Equities, LLC's Form 4 filing for Lionheart Acquisition Corp. II (MSPR).
6 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 07 Jul 2021, 21:40.

Change

Previous filing in this sequence was filed on 06 Aug 2021.
Current net transaction value: +$1,850,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LIFW transaction

Class A Common Stock

Purchase

Transaction value: $1,800,000
Shares: +180,000
Change %: +69%
Price: $10.00^*
Shares after: 440,000
Date: 25 Jun 2021
Ownership: Direct
Footnotes: F1

LIFW transaction

Class A Common Stock

Purchase

Transaction value: $50,000
Shares: +5,000
Change %: +1.1%
Price: $10.00^*
Shares after: 445,000
Date: 04 Jul 2021
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LIFW transaction Derivative

Class B Common Stock

Purchase

Transaction value
Shares: +540,000
Change %: +12%
Price
Shares after: 5,202,500
Date: 25 Jun 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 540,000
Exercise price
Footnotes: F3

LIFW transaction Derivative

Class B Common Stock

Purchase

Transaction value
Shares: +15,000
Change %: +0.29%
Price
Shares after: 5,217,500
Date: 04 Jul 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 15,000
Exercise price
Footnotes: F3

LIFW transaction Derivative

Warrants to purchase Class A Common Stock

Purchase

Transaction value
Shares: +90,000
Change %: +69%
Price
Shares after: 220,000
Date: 25 Jun 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 90,000
Exercise price: $11.50
Footnotes: F1, F4, F5

LIFW transaction Derivative

Warrants to purchase Class A Common Stock

Purchase

Transaction value
Shares: +2,500
Change %: +1.1%
Price
Shares after: 222,500
Date: 04 Jul 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,500
Exercise price: $11.50
Footnotes: F2, F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

In connection with Mr. Aman Kapadia's resignation as a director of the issuer, Lionheart Equities, LLC acquired all of the issuer's private placement units and Class B Common Stock held by vehicles and accounts managed by Akaris Global Partners LP, an entity over which Mr. Kapadia has voting and dispositive power. Each private placement unit consists of one share of Class A Common Stock and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one Class A Common Stock at a price of $11.50 per share, subject to certain adjustments.

Footnote F2

In connection with Mr. Trevor Barran's resignation as a director and chief operating officer of the issuer, Lionheart Equities, LLC acquired all of the issuer's private placement units and Class B Common Stock owned by Mr. Barran. Each private placement unit consists of one share of Class A Common Stock and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one Class A Common Stock at a price of $11.50 per share, subject to certain adjustments.

Footnote F3

As described in the issuer's registration statement on Form S-1 (File No. 333-240130) (the "Registration Statement"), the shares of Class B Common Stock will automatically convert into shares of Class A Common Stock at the time of the issuer's initial business combination on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.

Footnote F4

The warrants become exercisable on the later of (i) 30 days after the completion of the issuer's initial business combination and (ii) August 18, 2021.

Footnote F5

The warrants expire five years after the completion of the issuer's initial business combination or earlier upon redemption or liquidation, as described in the Registration Statement.