Fundamental Global GP, LLC - Jan 24, 2024 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
Jan 24, 2024
Transactions value $
-$684,502
Form type
4
Date filed
1/26/2024, 08:22 PM
Previous filing
Jun 14, 2023
Next filing
Jan 31, 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 Other -$653K -52K -16.03% $12.55 272K Jan 24, 2024 BK Technologies Holdings, LLC F1, F2, F3
transaction BKTI Common Stock, par value $0.60 per share Sale -$31.9K -2.45K -0.9% $13.00 270K Jan 26, 2024 BK Technologies Holdings, LLC F2, F3, F4
holding BKTI Common Stock, par value $0.60 per share 217K Jan 24, 2024 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 On January 24, 2024, Fundamental Global GP, LLC ("FGGP") entered into an Agreement ("Agreement") with the Company, pursuant to which FGGP delivered 52,000 shares of the Company's Common Stock to the Company, as settlement of the full withdrawal and redemption proceeds with respect to the Series B Common limited liability company membership interest in FG Financial Holdings, LLC held by the Company.
F2 The partnerships managed by FGGP beneficially own in the aggregate 486,709 shares of Common Stock, which represent approximately 14.1% 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 his position with FGGP and affiliated entities, Mr. D. Kyle Cerminara may be deemed to be beneficial owner 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. Cerminara also holds additional shares of Common Stock.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $13.00 to $13.04 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 sold at each separate price within the range set forth above.