Mike Zoi, a holder of roughly ten percent of Motorsport Games Inc. (NASDAQ:MSGM), moved to sell a block of Class A Common Stock this month, according to a Form 4 filing with the Securities and Exchange Commission.
The filing shows Zoi disposed of a total of 63,419 shares between February 20 and February 24, 2026, producing proceeds of $224,333. The sales were split across three separate transactions executed over a five-day span.
On February 20, the filing records a sale of 4,959 shares at a weighted average price of $3.29, with the per-share prices in that tranche ranging from $3.22 to $3.42. The largest portion of the disposition occurred on February 23, when 48,909 shares were sold at an average price of $3.59, with individual trade prices between $3.40 and $3.80. The final tranche, on February 24, comprised 8,960 shares sold at a weighted average of $3.62 and prices spanning $3.57 to $3.69.
The filing indicates Zoi's shares are held indirectly through Driven Lifestyle Group LLC. After these transactions, Driven Lifestyle Group LLC's reported holdings are 1,417,557 shares.
The sales were carried out under a Rule 10b5-1 trading plan that was adopted on December 31, 2025. The Form 4 filing serves as the public disclosure of those transactions.
Separately, market commentary included with the filing noted that Motorsport Games' stock has climbed 208% over the last year, while also pointing out sizable volatility in its price behavior. InvestingPro data referenced a current share price of $3.60, which the platform indicated trades near its Fair Value estimate. The same InvestingPro material noted that the platform provides 12 additional tips for investors assessing the company, and it cited an $18.3 million market capitalization for Motorsport Games.
The filing does not provide further commentary on the rationale behind the trades beyond the indication that they were executed under the pre-established 10b5-1 plan. No additional changes to beneficial ownership beyond the reported reduction via Driven Lifestyle Group LLC were disclosed in the Form 4.
Key documents: Form 4 filing with the SEC disclosing the sale dates, share counts, price ranges, and the existence of a Rule 10b5-1 trading plan adopted December 31, 2025.