Zoi Mike, identified in a Securities and Exchange Commission Form 4 filing as a ten percent owner of Motorsport Games Inc (NASDAQ: MSGM), sold 24,024 shares of the company's Class A Common Stock over a three-day span ending February 27, 2026. The sales were carried out under a preexisting 10b5-1 trading arrangement and generated proceeds totaling $86,950, according to the filing.
The individual transactions were executed in separate tranches at varying price points. On February 25, Mike sold 9,362 shares at prices between $3.53 and $3.66. The following day, February 26, he sold 5,059 shares at prices ranging from $3.40 to $3.685. The final tranche, recorded on February 27, consisted of 9,603 shares sold at prices from $3.59 to $3.93.
Those sales took place while the stock has experienced notable swings. The filing and accompanying market data note that MSGM has produced a 225% return over the previous 12 months, a period characterized by significant price movement. An InvestingPro assessment cited in the filing indicates MSGM currently appears slightly overvalued relative to its Fair Value.
Following the reported transactions, Zoi Mike still maintains indirect ownership of 1,394,974 shares through Driven Lifestyle Group LLC, as recorded in the Form 4. The filing specifies the trades were conducted according to the prearranged plan; no additional commentary on intent or future transactions was included in the filing.
Context and implications
These sales represent a partial disposition of holdings by a significant shareholder executed via an established trading plan. The timing coincides with a year of steep price appreciation and elevated volatility for the stock. The InvestingPro note that MSGM appears slightly overvalued provides a valuation context that market participants may weigh alongside the filing details.
The filing itself supplies transaction dates, share counts and price ranges but does not include statements about the reasons behind the sales or plans for further activity. As recorded, the sales were routine in structure - multiple tranches at different prices over three consecutive trading days - and were processed under the safeguards of a 10b5-1 plan.
Full transaction breakdown (as reported)
- February 25, 2026 - 9,362 shares sold at $3.53 to $3.66
- February 26, 2026 - 5,059 shares sold at $3.40 to $3.685
- February 27, 2026 - 9,603 shares sold at $3.59 to $3.93
The combined proceeds from these trades were $86,950, and the total number of shares sold across the three days was 24,024.