Dmitry Kozko - 18 Jun 2021 Form 4 Insider Report for Motorsport Games Inc. (MSGM)

Role
Chief Executive Officer, Director
Signature
/s/ Dmitry Kozko
Issuer symbol
MSGM
Transactions as of
18 Jun 2021
Transactions value $
$0
Form type
4
Filing time
21 Jun 2021, 07:00:24 UTC
Next filing
01 Feb 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 MSGM Stock Option (right to buy) Award $0 +150,000 $0 150,000 18 Jun 2021 Class A Common Stock 150,000 $20 Direct F1
transaction MSGM Stock Option (right to buy) Award $0 +44,577 $0 44,577 18 Jun 2021 Class A Common Stock 44,577 $23.86 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents stock options awarded to the reporting person under the Motorsport Games Inc. 2021 Equity Incentive Plan (the "Plan"), which will vest in three equal annual installments, with the first installment vesting on June 18, 2022.
F2 Represents stock options awarded to the reporting person outside of the Plan, which will vest in three equal annual installments, with the first installment vesting on June 18, 2022. This award was previously approved by the compensation committee of the Company's board of directors, the Company's board of directors and the Company's stockholder as part of the approval of the reporting person's employment agreement with Motorsport Games Inc. and compensation arrangements and the awards set forth in such employment agreement. The issuance of the options pursuant to this award was subject to satisfaction of certain conditions precedent set forth in such employment agreement. The options pursuant to this award are issued to the reporting person because such conditions precedent have been satisfied.