Form 4: MSP Recovery CEO Transfers Shares in Marital Settlement

MSP Recovery CEO John Hasan Ruiz transferred shares and units to his ex-wife as part of a marital settlement agreement.

Summary

• John Hasan Ruiz, CEO of MSP Recovery, transferred 16,000 shares of Class A Common Stock and 1,012,123 Up-C Units to his ex-wife, Mayra Ruiz, as part of a marital settlement agreement.
• The transfer occurred on December 13, 2024.
• The Up-C Units are exchangeable for Class A Common Stock.
• Following the transaction, Ruiz still indirectly owns 111,657 shares of Class A Common Stock and 2,322,531 Up-C Units through various entities.
• The Up-C Units are held through Lionheart II Holdings, LLC, a subsidiary of MSP Recovery.

Sentiment

Score: 5

Explanation: The document reflects a personal transaction by the CEO, which is neither positive nor negative for the company's performance. It is a neutral event.

Risks

• The transfer of a significant number of shares and units by the CEO could potentially impact investor sentiment.

Industry Context

This is a personal transaction for the CEO and does not directly reflect the company's operational performance or market position.

Stakeholder Impact

• The transfer of shares and units could potentially impact shareholder sentiment, although the transaction is a result of a personal matter.

Key Dates

Keywords

MSP Recovery, John Hasan Ruiz, share transfer, Up-C Units, marital settlement, Class A Common Stock, Lionheart II Holdings