Fundamental Global GP, LLC - Jun 12, 2023 Form 4 Insider Report for FG Financial Group, Inc. (FGF)

Role
10%+ Owner
Signature
FUNDAMENTAL GLOBAL GP, LLC /S/ D. KYLE CERMINARA, CHIEF EXECUTIVE OFFICER
Stock symbol
FGF
Transactions as of
Jun 12, 2023
Transactions value $
$86,950
Form type
4
Date filed
6/14/2023, 07:13 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 FGF COMMON STOCK, PAR VALUE $0.01 PER SHARE Purchase $38.1K +20.6K +0.37% $1.85 5.64M Jun 12, 2023 FG Financial Holdings, LLC F1, F2, F3, F4
transaction FGF COMMON STOCK, PAR VALUE $0.01 PER SHARE Purchase $48.9K +26.4K +0.47% $1.85 5.67M Jun 13, 2023 FG Financial Holdings, LLC F2, F3, F4
holding FGF 8.00% Cumulative Preferred Stock, Series A, $25.00 par value 56.1K Jun 12, 2023 FG Financial Holdings, LLC F2, F3, F4
* 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 $1.81 to $1.85, 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, upon request, full information regarding the number of shares of Preferred Stock purchased at each separate price within the range set forth above.
F2 FG Financial Holdings, LLC ("FGFH"), which is managed by Fundamental Global GP, LLC ("FGGP"), beneficially owns in the aggregate 56,131 shares of Preferred Stock and 5,666,111 shares of Common Stock, which represent approximately 55.0% of the Company's outstanding shares of Common Stock. FGGP may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH.
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 securities disclosed as directly owned by FGFH. Mr. Cerminara also holds additional shares of Common Stock and Preferred Stock. Each Reporting Person disclaims beneficial ownership of the securities referred to herein except to the extent of his or its pecuniary interest therein.
F4 FG Group Holdings, Inc. ("FGH"), formerly known as Ballantyne Strong, Inc. ("BTN"), owns membership interests in FGFH and may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH; however, FGH disclaims beneficial ownership of the securities referred to herein except to the extent of its pecuniary interest therein.