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Filing Details

Accession Number:: 0000899243-22-021702
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-06-09 19:35:36
Reporting Period:: 2022-06-07

Accepted Time:: 2022-06-09 19:35:36
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1802450	Msp Recovery Inc.	MSPR	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1793414	Ophir Sternberg	4218 Ne 2Nd Avenue Miami FL 33137		Yes	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2022-06-07	121,250	$0.00	2,435,063	No	4	X	Indirect	Lionheart Equities, LLC
Class A Common Stock	Disposition	2022-06-07	3	$2.98	2,435,960	No	4	S	Indirect	Lionheart Equities, LLC
Class A Common Stock	Acquisiton	2022-06-07	92,500	$0.00	832,500	No	4	X	Indirect	Lionheart Investments, LLC
Class A Common Stock	Disposition	2022-06-07	2	$2.98	832,498	No	4	S	Indirect	Lionheart Investments, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	X	Indirect	Lionheart Equities, LLC
No	4	S	Indirect	Lionheart Equities, LLC
No	4	X	Indirect	Lionheart Investments, LLC
No	4	S	Indirect	Lionheart Investments, LLC

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Warrant (right to buy)	Acquisiton	2022-06-07	121,250	$0.00	121,247	$11.50
Class A Common Stock	Warrant (right to buy)	Acquisiton	2022-06-07	92,500	$0.00	92,498	$11.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2022-06-02	2027-05-23	No	4	X	Indirect
0	2022-06-02	2027-05-23	No	4	X	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	1,000,000	Indirect	Star Mountain Equities, LLC
Class A Common Stock	1,000,000	Indirect	2022 OS Irrevocable Trust

Footnotes

On May 25, 2022, the issuer made a distribution of newly issued warrants on account of the outstanding shares of Class A Common Stock, resulting in a decrease of the exercise price of the warrants from $11.50 to $0.0001, the par value of the Class A Common Stock, per share pursuant to the terms of the Warrant Agreement governing such warrants.
The Class A Common Stock are owned directly by Lionheart Equities, LLC ("Equities"), an entity which Mr. Sternberg owns and controls.
On June 7, 2022, the reporting person exercised warrants to purchase 121,252 shares of Issuer's common stock for $0.0001 a share. The reporting person paid the exercise price on a cashless basis, resulting in Issuer's withholding of 3 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 121,247 shares.
The Class A Common Stock are owned directly by Lionheart Investments, LLC ("Investments), an entity which Mr. Sternberg owns and controls.
On June 7, 2022, the reporting person exercised warrants to purchase 92,500 shares of Issuer's common stock for $0.0001 a share. The reporting person paid the exercise price on a cashless basis, resulting in Issuer's withholding of 2 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 92,498 shares.
These Class A shares are owned directly by Star Mountain Equities, LLC, an entity which Mr. Sternberg owns and controls.
These Class A shares are owned directly by 2022 OS Irrevocable Trust, over which Mr. Sternberg has sole investment and dispository power as its trustee.