John S. Chen - Mar 23, 2023 Form 4 Insider Report for FGI Industries Ltd. (FGI)

Role: EXECUTIVE CHAIRMAN, Director
Signature: /s/ John S. Chen
Stock symbol: FGI
Transactions as of: Mar 23, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/27/2023, 05:57 PM
Previous filing: Apr 1, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FGI	Employee Stock Option (right to buy)	Award	$0	+48.4K		$0.00	48.4K	Mar 23, 2023	Ordinary Shares	48.4K	$2.26	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On May 11, 2022, the reporting person was granted an option to purchase 56,075 ordinary shares. The option was subject to the registrant's satisfaction of certain performance criteria for the fiscal year ending December 31, 2022. The performance criteria were partially met, resulting in vesting of option of up to 48,449 shares. The option will vest as to one-third of the 48,449 shares on March 31, 2023, then in 36 equal monthly installments upon completion of each additional month of service.

Content

On May 11, 2022, the reporting person was granted an option to purchase 56,075 ordinary shares. The option was subject to the registrant's satisfaction of certain performance criteria for the fiscal year ending December 31, 2022. The performance criteria were partially met, resulting in vesting of option of up to 48,449 shares. The option will vest as to one-third of the 48,449 shares on March 31, 2023, then in 36 equal monthly installments upon completion of each additional month of service.