Fundamental Global GP, LLC - Jun 13, 2022 Form 4 Insider Report for BALLANTYNE STRONG, INC. (FGH)

Role: 10%+ Owner
Signature: FUNDAMENTAL GLOBAL GP, LLC /S/ D. KYLE CERMINARA, CHIEF EXECUTIVE OFFICER
Stock symbol: FGH
Transactions as of: Jun 13, 2022
Transactions value $: $127,895
Form type: 4
Date filed: 6/15/2022, 04:11 PM
Previous filing: Dec 13, 2021
Next filing: Jun 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FGH	COMMON STOCK, PAR VALUE $0.01 PER SHARE	Purchase	$20.5K	+7.9K	+0.2%	$2.60	3.99M	Jun 13, 2022	FUNDAMENTAL ACTIVIST FUND I, LP	F1, F3, F4
transaction	FGH	COMMON STOCK, PAR VALUE $0.01 PER SHARE	Purchase	$107K	+42.1K	+1.06%	$2.55	4.03M	Jun 14, 2022	FUNDAMENTAL ACTIVIST FUND I, LP	F1, F3, F4
holding	FGH	COMMON STOCK, PAR VALUE $0.01 PER SHARE						3.98M	Jun 13, 2022	FUNDAMENTAL ACTIVIST FUND I, LP	F1, F2, F3, F4
holding	FGH	COMMON STOCK, PAR VALUE $0.01 PER SHARE						854K	Jun 13, 2022	FUNDAMENTAL GLOBAL HOLDINGS, LP	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The funds managed by Fundamental Global GP, LLC beneficially own in the aggregate 4,885,453 shares of Common Stock, which represent approximately 25.4% of the Company's outstanding shares of Common Stock. Fundamental Global GP, LLC may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by Fundamental Activist Fund I, LP ("FAFI") and Fundamental Global Holdings, LP ("FGHP"). The investment management agreements for FGI Global Asset Allocation Master Fund, LP ("FGGM") and Fundamental Global Capital Appreciation Fund, LP ("FGCA") were assigned to CW Institutional, LLC and EverStar Asset Management, LLC, respectively, and no Reporting Person has management authority over the 270,123 shares and 59,211 shares of the Company's Common Stock that were previously reported by FGGM and FGCA, respectively.
F2	On August 1, 2021, the investment management agreements for Fundamental Global Partners Master Fund, LP ("FGPM"), FAFI and FGHP were assigned to Fundamental Global GP, LLC. Subsequently, 2,188,243 shares of Common Stock, as previously reported by FGPM, were transferred to FAFI. FGPM is in the process of being dissolved, and the transfer did not result in a change in beneficial ownership because both funds shared a common investment manager.
F3	Due to their positions with Fundamental Global GP, LLC and affiliated entities, Messrs. D. Kyle Cerminara and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by FAFI and FGHP. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.
F4	Mr. Moglia holds 636,291 shares of Common Stock directly and through the Moglia Family Foundation and trusts. Mr. Cerminara also holds additional shares of Common Stock.