Clinton Group Inc - Sep 25, 2023 Form 4 Insider Report for GlassBridge Enterprises, Inc. (GLAE)

Role: Other*
Signature: Clinton Group, Inc., By: /s/ George Hall, Chief Executive Officer and President
Stock symbol: GLAE
Transactions as of: Sep 25, 2023
Transactions value $: -$1,250,000
Form type: 4
Date filed: 9/26/2023, 05:33 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GLAE	Common Stock	Sale	-$1.25M	-7.58K	-100%	$164.95^*	0	Sep 25, 2023	See footnotes	F1, F2, F3

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

Clinton Group Inc is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	The securities reported herein may be deemed to be indirectly beneficially owned by Mr. George E. Hall ("Mr. Hall"), which securities are directly held by: (i) GEH Capital, Inc., which is indirectly owned by Mr. Hall and (ii) Clinton Special Opportunities Master Fund Ltd. ("CSO"), of which Clinton Group, Inc. ("CGI") is also deemed to be the indirect beneficial owner of such securities by virtue of its position as investment manager of CSO (collectively, the "Reporting Persons"). Mr. Hall serves as the Chief Executive Officer of CGI.
F2	On September 25, 2023, the Reporting Persons entered into a redemption agreement (the "Redemption Agreement") with the Issuer. Under the terms of the Redemption Agreement, the Reporting Persons sold an aggregate of 7,578 Shares to the Issuer in exchange for cash proceeds of $1,250,000 and mutual releases, subject to certain exceptions.
F3	As of September 25, 2023, the Reporting Persons ceased to be members of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock.