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Filing Details

Accession Number:: 0000950170-24-137245
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-12-17 16:22:55
Reporting Period:: 2024-12-13

Accepted Time:: 2024-12-17 16:22:55
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1802450	Msp Recovery Inc.	MSPR	Services-Computer Processing & Data Preparation (7374)	844117825

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1926798	Hasan John Ruiz	C/O Msp Recovery, Inc. 3150 Sw 38Th Avenue, Suite 1100 Miami FL 33146	Chief Executive Officer	No	No	No	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	Disposition	2024-12-13	16,000	$0.00	111,657	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Up-C Units	Disposition	2024-12-13	1,012,123	$0.00	1,012,123	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2,322,531			No	4	S	Indirect

Footnotes

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.
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.
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.
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.
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.