Fundamental Global GP, LLC - Jun 12, 2023 Form 4 Insider Report for BK Technologies Corp (BKTI)

Role
10%+ Owner
Signature
FUNDAMENTAL GLOBAL GP, LLC /S/ D. KYLE CERMINARA, CHIEF EXECUTIVE OFFICER
Stock symbol
BKTI
Transactions as of
Jun 12, 2023
Transactions value $
$89,815
Form type
4
Date filed
6/14/2023, 07:05 PM
Previous filing
Jun 13, 2023
Next filing
Jan 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BKTI Common Stock, par value $0.60 per share Purchase $89.8K +5.5K +1.72% $16.33 324K Jun 12, 2023 BK Technologies Holdings, LLC F1, F2, F3, F4
holding BKTI Common Stock, par value $0.60 per share 217K Jun 12, 2023 Fundamental Global Holdings, LP F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $15.81 to $16.64 inclusive. The Reporting Persons undertake to provide to the Company, any security holder of the Company or the staff of the U.S. Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares of Common Stock purchased at each separate price within the range set forth above.
F2 The partnerships managed by Fundamental Global GP, LLC ("FGGP") beneficially own in the aggregate 541,163 shares of Common Stock, which represent approximately 15.9% of the Company's outstanding shares of Common Stock. FGGP may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by BK Technologies Holdings, LLC ("BKTH") and Fundamental Global Holdings, LP ("FGHP").
F3 Due to their positions with FGGP 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 BKTH 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. In addition, Mr. Moglia holds shares of Common Stock indirectly through trusts, Moglia Capital, LLC and the Moglia Family Foundation. Mr. Cerminara also holds additional shares of Common Stock.
F4 Fundamental Activist Fund I, LP ("FAFI") was merged into FG Special Situations Partners, LP ("FGSSP") as of December 31, 2022. As such, FGSSP owns membership interests in BKTH and may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by BKTH.