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Filing Details

Accession Number:: 0000899243-22-037410
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-12-02 16:14:49
Reporting Period:: 2022-11-30

Accepted Time:: 2022-12-02 16:14:49
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1591890	Fg Financial Group Inc.	FGF	Photographic Equipment & Supplies (3861)	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
946454	Ballantyne Strong, Inc.	5960 Fairview Road, Suite 275 Charlotte NC 28210	No	No	Yes	No
1187586	H Joseph Moglia	C/O Fundamental Global Gp, Llc 108 Gateway Boulevard, Suite 204 Mooresville NC 28117	No	No	Yes	No
1619991	Kyle Cerminara	C/O Fundamental Global Gp, Llc 108 Gateway Boulevard, Suite 204 Mooresville NC 28117	Yes	No	Yes	No
1878780	Fundamental Global Gp, Llc	108 Gateway Blvd., Suite 204 Mooresville NC 28117	No	No	Yes	No
1946735	Fg Financial Holdings, Llc	108 Gateway Blvd., Suite 204 Mooresville NC 28117	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
8.00% Cumulative Preferred Stock, Series A, $25.00 Par Value	Acquisiton	2022-11-30	1,146	$17.19	48,622	No	4	P	Indirect	FG Financial Holdings, LLC
8.00% Cumulative Preferred Stock, Series A, $25.00 Par Value	Acquisiton	2022-11-30	3,200	$18.29	51,822	No	4	P	Indirect	FG Financial Holdings, LLC
8.00% Cumulative Preferred Stock, Series A, $25.00 Par Value	Acquisiton	2022-11-30	2,400	$19.04	54,222	No	4	P	Indirect	FG Financial Holdings, LLC
8.00% Cumulative Preferred Stock, Series A, $25.00 Par Value	Acquisiton	2022-12-01	1,259	$19.54	55,481	No	4	P	Indirect	FG Financial Holdings, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	FG Financial Holdings, LLC
No	4	P	Indirect	FG Financial Holdings, LLC
No	4	P	Indirect	FG Financial Holdings, LLC
No	4	P	Indirect	FG Financial Holdings, LLC

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.01 Per Share	5,619,111	Indirect	FG Financial Holdings, LLC

Footnotes

The prices reported in Column 4 are weighted average prices. The shares were purchased as follows: (i) 1,146 shares were purchased in multiple transactions at prices ranging from $16.70 to $17.59, inclusive; (ii) 3,200 shares were purchased in multiple transactions at prices ranging from $17.88 to $18.85, inclusive; and (iii) 2,400 shares were purchased in multiple transactions at prices ranging from $18.98 to $19.12, 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 Preferred Stock purchased at each separate price within the ranges set forth above.
The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $19.28 to $19.70, inclusive. The Reporting Persons undertake to provide to the Company, any security holder of the Company or the staff of the SEC, upon request, full information regarding the number of shares of Preferred Stock purchased at each separate price within the range set forth above.
FG Financial Holdings, LLC ("FGFH"), which is managed by Fundamental Global GP, LLC ("FGGP"), beneficially owns in the aggregate 55,481 shares of Preferred Stock and 5,619,111 shares of Common Stock, which represent approximately 59.8% of the Company's outstanding shares of Common Stock. FGGP may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH.
Due to their positions with FGGP and affiliated entities, Messrs. D. Kyle Cerminara and Joseph H. Moglia may be deemed to be beneficial owners of the securities disclosed as directly owned by FGFH. Mr. Cerminara also holds additional shares of Common Stock and Preferred Stock. Each Reporting Person disclaims beneficial ownership of the securities referred to herein except to the extent of his or its pecuniary interest therein.
Ballantyne Strong, Inc. ("BTN") owns membership interests in FGFH and may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH; however, BTN disclaims beneficial ownership of the securities referred to herein except to the extent of its pecuniary interest therein.