Fundamental Global GP, LLC - Jun 16, 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 16, 2022
Transactions value $: $25,941
Form type: 4
Date filed: 6/17/2022, 02:28 PM
Previous filing: Jun 16, 2022
Next filing: Sep 14, 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	$25.9K	+10.4K	+0.26%	$2.49	4.06M	Jun 16, 2022	FUNDAMENTAL ACTIVIST FUND I, LP	F1, F2, F3
holding	FGH	COMMON STOCK, PAR VALUE $0.01 PER SHARE						854K	Jun 16, 2022	FUNDAMENTAL GLOBAL HOLDINGS, LP	F1, F2, F3

* 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 4,915,453 shares of Common Stock, which represent approximately 25.5% 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").
F2	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.
F3	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.