BRYANT R. RILEY - 08 Feb 2023 Form 4 Insider Report for B. Riley Financial, Inc. (RILY)

Role: Chairman and Co-CEO, Director, 10%+ Owner
Signature: /s/ Bryant R. Riley
Issuer symbol: RILY
Transactions as of: 08 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 10 Feb 2023, 15:08:43 UTC
Previous filing: 30 Dec 2022
Next filing: 28 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RILY	Common Stock	Options Exercise		+150,000	+2.4%		6,525,943	08 Feb 2023	Direct	F1, F2
holding	RILY	Common Stock						16,538	08 Feb 2023	UTMA account of S.R.	F3, F8
holding	RILY	Common Stock						16,538	08 Feb 2023	UTMA account of C.R.	F4, F8
holding	RILY	Common Stock						16,538	08 Feb 2023	UTMA account of A.R.	F5, F8
holding	RILY	Common Stock						16,537	08 Feb 2023	UTMA account of E.R.	F6, F8
holding	RILY	Common Stock						108,250	08 Feb 2023	By B. Riley Financial, Inc. 401(k) Profit Sharing Plan FBO Bryant Riley	F7
holding	RILY	Common Stock						200,000	08 Feb 2023	By the Robert Antin Children Irrevocable Trust	F9

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	RILY	Performance Restricted Stock Units	Options Exercise	$0	-150,000	-100%	$0.000000^*	0	08 Feb 2023	Common Stock	150,000		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Each performance restricted stock unit represented the right to receive a share of Common Stock following the Issuer achieving a certain Total Shareholder Return within three (3) years of the grant date.
F2	Bryant R. Riley (the "Reporting Person") beneficially owns these shares directly or jointly with his wife.
F3	The shares are held for S.R., the child of the Reporting Person, through a custodial account established pursuant to the Uniform Transfer to Minors Act ("UTMA") for which the Reporting Person serves as custodian.
F4	The shares are held for C.R., the child of the Reporting Person, through a custodial account established pursuant to the UTMA for which the Reporting Person serves as custodian.
F5	The shares are held for A.R., the child of the Reporting Person, through a custodial account established pursuant to the UTMA for which the Reporting Person serves as custodian.
F6	The shares are held for A.R., the child of the Reporting Person, through a custodial account established pursuant to the UTMA for which the Reporting Person serves as custodian.
F7	B. Riley Financial, Inc. 401(k) Profit Sharing Plan FBO Bryant Riley was formerly known as "B. Riley & Co., LLC 401(k) Profit Sharing Plan FBO Bryant Riley."
F8	The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F9	Held of record by the Robert Antin Children Irrevocable Trust Dtd 1/1/01 (the "Trust"). The Reporting Person, as Trustee of the Trust, may be deemed to beneficially own the shares held by the Trust.