Key facts
- This page summarizes John Hasan Ruiz's Form 4 filing for MSP Recovery, Inc. (MSPR).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 17 Dec 2024, 16:22.
John Hasan Ruiz - 13 Dec 2024 Form 4 Insider Report for MSP Recovery, Inc. (MSPR)
- Reporting relationship
- Chief Executive Officer, Director, 10%+ Owner
- Issuer ticker
- MSPR
- Reported as of
- 13 Dec 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 17 Dec 2024, 16:22:55 UTC
- Prior SEC filing
- 28 Aug 2024
- Source filing
- View source filing
- Reporting owner signature
- John Hasan Ruiz
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
John Hasan Ruiz filed Form 4 for MSP Recovery, Inc. (MSPR) on 17 Dec 2024.
Change
- Previous filing in this sequence was filed on 28 Aug 2024.
- Current net transaction value: $0.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
MSPR
transaction
Class A Common Stock
Sale
- Transaction value
- $0
- Shares
- -16,000
- Change %
- -13%
- Price
- $0.000000
- Shares after
- 111,657
- Date
- 13 Dec 2024
- Ownership
- See footnote
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
MSPR
transaction
Derivative
Up-C Units
Sale
- Transaction value
- Shares
- -1,012,123
- Change %
- -30%
- Price
- Shares after
- 2,322,531
- Date
- 13 Dec 2024
- Ownership
- See footnote
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,012,123
- Exercise price
- $0.000000
- Footnotes
- F3, 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
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.
Footnote 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.
Footnote 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.
Footnote 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.
Footnote 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.