Larry G. Swets Jr - Sep 18, 2023 Form 4 Insider Report for FG Financial Group, Inc. (FGF)

Role: Chief Executive Officer, Director
Signature: /s/ Larry G. Swets, Jr.
Stock symbol: FGF
Transactions as of: Sep 18, 2023
Transactions value $: $2,286
Form type: 4
Date filed: 9/20/2023, 07:40 PM
Previous filing: Jul 6, 2023
Next filing: Oct 4, 2023

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	Other	$2.29K	+1.68K	+3.14%	$1.36	55.1K	Sep 18, 2023	Direct	F1, F2
holding	FGF	8.00% Cumulative Preferred Stock, Series A, $25.00 par value						10K	Sep 18, 2023	Direct

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	FGF	Stock option	Award	$0	+130K		$0.00	130K	Jan 12, 2021	Common Stock	130K	$3.38	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Shares were purchased within the FG Financial Group, Inc. Employee Share Purchase Plan.
F2	Includes 6,666 RSUs granted on December 15, 2017 under the Amended and Restated 2014 Equity Incentive Plan pursuant to the share-matching program (of which, 5,333 RSUs have vested to date) and 5,714 and 7,722 RSUs granted on August 22, 2018 and August 13, 2019, respectively, under the 2018 Equity Incentive Plan as director compensation (of which, 3,428 and 3,088 have vested to date, respectively). RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.
F3	The stock options become vested and fully exercisable in 20% increments on each anniversary of the grant date, provided that Mr. Swets remains in the continuous service of the Issuer through each applicable vesting date and that the Issuer's book value per share has increased by 15% or more as compared to the Issuer's book value per share as of the fiscal year end prior.