MSGM · Motorsport Games Inc.

These transactions were executed in multiple trades at prices ranging from $3.94 to $4.25. The price reported in Column 4 of Table I reflects the weighted average purchase price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which each of the individual transactions was effected.

ROP serves as the general partner of The Red Oak Long Fund, LP, a Delaware limited partnership (the "Long Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Long Fund's portfolio manager.

Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.

These transactions were executed in multiple trades at prices ranging from $3.94 to $4.25. The price reported in Column 4 of Table I reflects the weighted average purchase price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which each of the individual transactions was effected.

Red Oak Partners, LLC ("ROP") serves as the general partner of The Red Oak Fund, LP, a Delaware limited partnership (the "Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Fund's portfolio manager.

Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.

These transactions were executed in multiple trades, all at a price of $4.07. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares at which each of the individual transactions was effected.

Red Oak Partners, LLC ("ROP") serves as the general partner of The Red Oak Fund, LP, a Delaware limited partnership (the "Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Fund's portfolio manager.

Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.

These transactions were executed in multiple trades, all at a price of $4.07. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares at which each of the individual transactions was effected.

ROP serves as the general partner of The Red Oak Long Fund, LP, a Delaware limited partnership (the "Long Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Long Fund's portfolio manager.

Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.

These transactions were executed in multiple trades at prices ranging from $3.79 to $4.00. The price reported in Column 4 of Table I reflects the weighted average purchase price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which each of the individual transactions was effected.

ROP serves as the general partner of The Red Oak Long Fund, LP, a Delaware limited partnership (the "Long Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Long Fund's portfolio manager.

Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.

These transactions were executed in multiple trades at prices ranging from $3.79 to $4.00. The price reported in Column 4 of Table I reflects the weighted average purchase price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which each of the individual transactions was effected.

Red Oak Partners, LLC ("ROP") serves as the general partner of The Red Oak Fund, LP, a Delaware limited partnership (the "Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Fund's portfolio manager.

Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.

Represents shares of the Issuer's Class A common stock sold on April 23, 2026 by the reporting person in a privately-negotiated off-market transaction pursuant to the Share Repurchase Agreement, dated as of April 22, 2026, by and between the reporting person and the Issuer.

After the reporting person's sale reported on this Form 4, the reporting person's ownership is 5.0%.

These shares are owned directly by Driven Lifestyle Group LLC, and indirectly by Mike Zoi as Manager of Driven Lifestyle Group LLC.

Represents shares of the Issuer's Class A common stock sold by the reporting person in accordance with a Rule 10b5-1 trading arrangement adopted by the reporting person on December 31, 2025.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.22 through $4.92. The reporting person undertakes to provide to Motorsport Games Inc., any security holder of Motorsport Games Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

These shares are owned directly by Driven Lifestyle Group LLC, and indirectly by Mike Zoi as Manager of Driven Lifestyle Group LLC.

Represents shares of the Issuer's Class A common stock sold by the reporting person in accordance with a Rule 10b5-1 trading arrangement adopted by the reporting person on December 31, 2025.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.45 through $4.97. The reporting person undertakes to provide to Motorsport Games Inc., any security holder of Motorsport Games Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

These shares are owned directly by Driven Lifestyle Group LLC, and indirectly by Mike Zoi as Manager of Driven Lifestyle Group LLC.

Represents shares of the Issuer's Class A common stock sold by the reporting person in accordance with a Rule 10b5-1 trading arrangement adopted by the reporting person on December 31, 2025.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.36 through $4.84. The reporting person undertakes to provide to Motorsport Games Inc., any security holder of Motorsport Games Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

These shares are owned directly by Driven Lifestyle Group LLC, and indirectly by Mike Zoi as Manager of Driven Lifestyle Group LLC.

Represents shares of the Issuer's Class A common stock sold by the reporting person in accordance with a Rule 10b5-1 trading arrangement adopted by the reporting person on December 31, 2025.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.13 through $4.80. The reporting person undertakes to provide to Motorsport Games Inc., any security holder of Motorsport Games Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

These shares are owned directly by Driven Lifestyle Group LLC, and indirectly by Mike Zoi as Manager of Driven Lifestyle Group LLC.

Represents shares of the Issuer's Class A common stock sold by the reporting person in accordance with a Rule 10b5-1 trading arrangement adopted by the reporting person on December 31, 2025.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.87 through $4.16. The reporting person undertakes to provide to Motorsport Games Inc., any security holder of Motorsport Games Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

These shares are owned directly by Driven Lifestyle Group LLC, and indirectly by Mike Zoi as Manager of Driven Lifestyle Group LLC.

Represents shares of the Issuer's Class A common stock sold by the reporting person in accordance with a Rule 10b5-1 trading arrangement adopted by the reporting person on December 31, 2025.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.65 through $3.84. The reporting person undertakes to provide to Motorsport Games Inc., any security holder of Motorsport Games Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

These shares are owned directly by Driven Lifestyle Group LLC, and indirectly by Mike Zoi as Manager of Driven Lifestyle Group LLC.

Represents shares of the Issuer's Class A common stock sold by the reporting person in accordance with a Rule 10b5-1 trading arrangement adopted by the reporting person on December 31, 2025.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.675 through $3.82. The reporting person undertakes to provide to Motorsport Games Inc., any security holder of Motorsport Games Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

These shares are owned directly by Driven Lifestyle Group LLC, and indirectly by Mike Zoi as Manager of Driven Lifestyle Group LLC.

Represents shares of the Issuer's Class A common stock sold by the reporting person in accordance with a Rule 10b5-1 trading arrangement adopted by the reporting person on December 31, 2025.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.59 through $3.93. The reporting person undertakes to provide to Motorsport Games Inc., any security holder of Motorsport Games Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

These shares are owned directly by Driven Lifestyle Group LLC, and indirectly by Mike Zoi as Manager of Driven Lifestyle Group LLC.

Represents shares of the Issuer's Class A common stock sold by the reporting person in accordance with a Rule 10b5-1 trading arrangement adopted by the reporting person on December 31, 2025.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.40 through $3.685. The reporting person undertakes to provide to Motorsport Games Inc., any security holder of Motorsport Games Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

These shares are owned directly by Driven Lifestyle Group LLC, and indirectly by Mike Zoi as Manager of Driven Lifestyle Group LLC.

Represents shares of the Issuer's Class A common stock sold by the reporting person in accordance with a Rule 10b5-1 trading arrangement adopted by the reporting person on December 31, 2025.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.53 through $3.66. The reporting person undertakes to provide to Motorsport Games Inc., any security holder of Motorsport Games Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

These shares are owned directly by Driven Lifestyle Group LLC, and indirectly by Mike Zoi as Manager of Driven Lifestyle Group LLC.

Represents shares of the Issuer's Class A common stock sold by the reporting person in accordance with a Rule 10b5-1 trading arrangement adopted by the reporting person on December 31, 2025.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.57 through $3.69. The reporting person undertakes to provide to Motorsport Games Inc., any security holder of Motorsport Games Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

These shares are owned directly by Driven Lifestyle Group LLC, and indirectly by Mike Zoi as Manager of Driven Lifestyle Group LLC. The shares were previously reported as being owned by Motorsport Network LLC, which changed its name to Driven Lifestyle Group LLC, effective October 27, 2023.

Represents shares of the Issuer's Class A common stock sold by the reporting person in accordance with a Rule 10b5-1 trading arrangement adopted by the reporting person on December 31, 2025.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.40 through $3.80. The reporting person undertakes to provide to Motorsport Games Inc., any security holder of Motorsport Games Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

These shares are owned directly by Driven Lifestyle Group LLC, and indirectly by Mike Zoi as Manager of Driven Lifestyle Group LLC. The shares were previously reported as being owned by Motorsport Network LLC, which changed its name to Driven Lifestyle Group LLC, effective October 27, 2023.

Represents shares of the Issuer's Class A common stock sold by the reporting person in accordance with a Rule 10b5-1 trading arrangement adopted by the reporting person on December 31, 2025.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.22 through $3.42. The reporting person undertakes to provide to Motorsport Games Inc., any security holder of Motorsport Games Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

These shares are owned directly by Driven Lifestyle Group LLC, and indirectly by Mike Zoi as Manager of Driven Lifestyle Group LLC. The shares were previously reported as being owned by Motorsport Network LLC, which changed its name to Driven Lifestyle Group LLC, effective October 27, 2023.

The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $2.57 through $2.61, inclusive. The reporting person undertakes to provide to the registrant, any security holder of the registrant, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.

The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $2.88 through $2.9399, inclusive. The reporting person undertakes to provide to the registrant, any security holder of the registrant, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.

The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $2.9130 through $2.9387, inclusive. The reporting person undertakes to provide to the registrant, any security holder of the registrant, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.

Represents stock options awarded to the reporting person under the Motorsport Games Inc. 2021 Equity Incentive Plan. 11,500 shares under this option will vest immediately upon the grant and the remaining 34,500 shares under this option will vest in three equal quarterly installments beginning on April 26, 2024.

Represents stock options awarded to the reporting persons under the Amended and Restated Motorsport Games Inc. 2021 Equity Incentive Plan, which will vest on November 9, 2024

Represents stock options awarded to the reporting person under the Amended and Restated Motorsport Games Inc. 2021 Equity Incentive Plan, which will vest on March 31, 2024.

Represents stock options awarded to the reporting person under the Amended and Restated Motorsport Games Inc. 2021 Equity Incentive Plan, which will vest on April 3, 2024.

On February 1, 2023, Motorsport Network, LLC ("Motorsport Network") entered into a debt-for-equity exchange agreement with Motorsport Games Inc. (the "Company") pursuant to which the Company agreed to issue to Motorsport Network, LLC 441,402 shares of the Company's Class A common stock, which represents the Company's remaining balance outstanding (including the principal and accrued and not yet paid interests thereon) under the promissory note in favor of Motorsport Network dated April 1, 2020, as amended on November 23, 2020.

The average Nasdaq Official Closing Price for the consecutive five trading day period ending on January 31, 2023.

These shares are owned directly by Motorsport Network and indirectly by Mike Zoi as Manager of Motorsport Network.

On January 30, 2023, Motorsport Network, LLC ("Motorsport Network") entered into a debt-for-equity exchange agreement with Motorsport Games Inc. (the "Company") pursuant to which the Company agreed to issue to Motorsport Network 338,983 shares of the Company's Class A common stock in exchange for an amount equal to $1,000,000, which represents a portion of the Company's outstanding balance (including the principal and accrued and not yet paid interests thereon) under the promissory note in favor of Motorsport Network dated April 1, 2020, as amended on November 23, 2020.

The Nasdaq Official Closing Price as reported on January 27, 2023.

On November 10, 2022, the Company effected a 1-for-10 reverse stock split of its outstanding shares of Class A common stock. The amount of securities reported as beneficially owned on this Form 4 has been adjusted to reflect the reverse stock split.

These shares are owned directly by Motorsport Network and indirectly by Mike Zoi as Manager of Motorsport Network.

Represents stock options awarded to the reporting person under the Amended and Restated Motorsport Games Inc. 2021 Equity Incentive Plan, which will vest on November 10, 2023.

Represents Restricted Stock (as defined in the Motorsport Games Inc. 2021 Equity Incentive Plan (the "Plan")) awarded under the Plan to the reporting person for his continuing service as chairman of the issuer's audit committee and as an "audit committee financial expert," such shares vesting immediately upon the grant.

Represents stock options awarded to the reporting person under the Motorsport Games Inc. 2021 Equity Incentive Plan, which will vest in three equal annual installments beginning on January 6, 2023.

Represents stock options awarded to the reporting person under the Plan, which will vest on January 6, 2023.

Represents stock options awarded to the reporting person under the Motorsport Games Inc. 2021 Equity Incentive Plan, which will vest on January 6, 2023.

Represents stock options awarded to the reporting person under the Motorsport Games Inc. 2021 Equity Incentive Plan, which will vest in three equal annual installments beginning on January 6, 2023.

Represents stock options awarded to the reporting person under the Motorsport Games Inc. 2021 Equity Incentive Plan, which will vest in three equal annual installments beginning on January 6, 2023.

Represents stock options awarded to the reporting person under the Motorsport Games Inc. 2021 Equity Incentive Plan, which will vest in three equal annual installments beginning on January 6, 2023.

Represents stock options awarded to the reporting person under the Motorsport Games Inc. 2021 Equity Incentive Plan, which will vest on January 6, 2023.

Represents Restricted Stock awarded to the reporting person under the Motorsport Games Inc. 2021 Equity Incentive Plan (the "Plan"), vested immediately.

Represents stock options awarded to the reporting person under the Motorsport Games Inc. 2021 Equity Incentive Plan. This stock option will vest on August 25, 2022.

Represents stock options awarded to the reporting person outside of the Plan, which will vest in three equal annual installments, with the first installment vesting on June 18, 2022. This award was previously approved by the compensation committee of the Company's board of directors, the Company's board of directors and the Company's stockholder as part of the approval of the reporting person's employment agreement with Motorsport Games Inc. and compensation arrangements and the awards set forth in such employment agreement. The issuance of the options pursuant to this award was subject to satisfaction of certain conditions precedent set forth in such employment agreement. The options pursuant to this award are issued to the reporting person because such conditions precedent have been satisfied.

Represents stock options awarded to the reporting person under the Motorsport Games Inc. 2021 Equity Incentive Plan (the "Plan"), which will vest in three equal annual installments, with the first installment vesting on June 18, 2022.

Represents stock options awarded to the reporting person under the Motorsport Games Inc. 2021 Equity Incentive Plan, which will vest in three equal annual installments beginning on March 26, 2022.

Represents shares awarded to the reporting person under the Motorsport Games Inc. 2021 Equity Incentive Plan (the "Plan"), which vested immediately.

Represents stock options awarded to the reporting person under the Plan, which will vest on January 12, 2022.