Larry G. Swets Jr - Sep 3, 2024 Form 4 Insider Report for Fundamental Global Inc. (FGF)

Role
Head of Merchant Banking
Signature
/s/ Larry G. Swets, Jr.
Stock symbol
FGF
Transactions as of
Sep 3, 2024
Transactions value $
$2,292
Form type
4
Date filed
10/4/2024, 06:13 PM
Previous filing
Aug 19, 2024
Next filing
Nov 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FGF Common Stock Award $2.29K +2.14K +0.38% $1.07 563K Sep 3, 2024 Direct F1, F2
holding FGF 8.00% Cumulative Preferred Stock, Series A, $25.00 par value 10K Sep 3, 2024 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
holding FGF Stock option 130K Sep 3, 2024 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 Fundamental Global Inc. Employee Share Purchase Plan.
F2 Includes (i) 370,000 RSUs granted on February 17, 2023 under the 2021 Equity Incentive Plan (of which 370,000 have vested to date, but 94,054 withheld from the vested RSU for taxes) pursuant to Equity Award Letter Agreement dated January 18, 2021, and (ii) 130,000 RSU granted on February 17, 2023 under the 2021 Equity Incentive Plan (of which 86,667 have vested to date, but 25,659 withheld from the vested RSU for taxes ) for performance related to fiscal year 2022. Each RSU represents a contingent right to receive one share of Fundamental Global Inc. Common Stock.
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.