Ophir Sternberg - 27 May 2022 Form 4 Insider Report for MSP Recovery, Inc. (LIFW)

Role
Director, 10%+ Owner
Signature
/s/ Ophir Sternberg
Issuer symbol
LIFW
Transactions as of
27 May 2022
Net transactions value
$0
Form type
4
Filing time
01 Jun 2022, 18:18:09 UTC
Previous filing
25 May 2022
Next filing
09 Jun 2022
SEC
View on sec.gov

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 LIFW Warrants Award $0 +273,029,934 $0.000000 273,029,934 27 May 2022 Class A Common Stock 273,029,934 $11.50 Lionheart Equities, LLC F1
transaction LIFW Warrants Award $0 +87,320,000 $0.000000 87,320,000 27 May 2022 Class A Common Stock 87,320,000 $11.50 Lionheart Investments, LLC F2
transaction LIFW Warrants Award $0 +118,000,000 $0.000000 118,000,000 27 May 2022 Class A Common Stock 118,000,000 $11.50 Star Mountain Equities, LLC F3
transaction LIFW Warrants Award $0 +118,000,000 $0.000000 118,000,000 27 May 2022 Class A Common Stock 118,000,000 $11.50 2022 OS Irrevocable Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These warrants to purchase shares of Class A Common Stock were received in connection with the closing of the business combination of the issuer and are owned directly by Lionheart Equities, LLC, an entity which Mr. Sternberg owns and controls.
F2 These warrants to purchase shares of Class A Common Stock were received in connection with the closing of the business combination of the issuer and are owned directly by Lionheart Investments, LLC, an entity which Mr. Sternberg owns and controls.
F3 These warrants to purchase shares of Class A Common Stock were received in connection with the closing of the business combination of the issuer and are owned directly by Star Mountain Equities, LLC, an entity which Mr. Sternberg owns and controls.
F4 These warrants to purchase shares of Class A Common Stock were received in connection with the closing of the business combination of the issuer and are owned directly by 2022 OS Irrevocable Trust, over which Mr. Sternberg's spouse has sole investment and dispository power over the Trust as its trustee.