10% Stockholder Mike Zoi Files Intent to Sell Over $1 Million in Motorsport Games Shares

summarizeSummary

A 10% stockholder, Mike Zoi, has filed a Form 144 indicating an intent to sell 321,537 shares of Motorsport Games Inc. common stock, valued at approximately $1.1 million.

check_boxKey Events

• Significant Intent to Sell

  Mike Zoi, identified as a 10% stockholder, has filed a Form 144 to sell 321,537 shares of Motorsport Games Inc. common stock.

• Substantial Value

  The approximate market value of the shares intended for sale is $1,098,049.00.

• Percentage of Outstanding Shares

  The shares represent approximately 6.3% of the company's total outstanding shares.

• Filer's Role

  Mike Zoi is a 10% stockholder, indicating a significant ownership stake in the company.

auto_awesomeAnalysis

This Form 144 filing indicates that Mike Zoi, a 10% stockholder, intends to sell a substantial block of shares. The proposed sale of approximately $1.1 million represents a significant portion of the company's market capitalization and about 6.3% of outstanding shares. While this is an intent to sell and not an executed transaction, such a large filing from a major stockholder can create an overhang on the stock, signaling potential future selling pressure. Investors should monitor for actual sales reported in subsequent Form 4 filings.