Nathan G. Miller - Apr 11, 2025 Form 3 Insider Report for LGL GROUP INC (LGL)

Role: Chief Operating Officer
Signature: /s/ Nathan G. Miller
Stock symbol: LGL
Transactions as of: Apr 11, 2025
Transactions value $: $0
Form type: 3
Date filed: 4/14/2025, 04:23 PM
Previous filing: Sep 6, 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Shares After	Date	Ownership
holding	LGL	Common Stock, par value $0.01 per share	30.6K	Apr 11, 2025	Direct
holding	LGL	Common Stock, par value $0.01 per share	996	Apr 11, 2025	By UTMA account for minor Child 1 - reporting person is custodian
holding	LGL	Common Stock, par value $0.01 per share	2.28K	Apr 11, 2025	By UTMA account for minor Child 2 - reporting person is custodian
holding	LGL	Common Stock, par value $0.01 per share	2.75K	Apr 11, 2025	By UTMA account for minor Child 3 - reporting person is custodian
holding	LGL	Common Stock, par value $0.01 per share	2.88K	Apr 11, 2025	By UTMA account for minor Child 4 - reporting person is custodian

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	LGL	Common Stock Warrants (right to purchase)							Apr 11, 2025	Common Stock, par value $0.01 per share	33.3K	$4.75	Direct	F1

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

Explanation of Responses:

Id	Content
F1	In accordance with the Warrant Agreement, the Warrants become exercisable on the earlier of (i) November 16, 2025, the expiration date, and (ii) such date that the 30-day volume weighted average price per share ("VWAP") of the Common Stock is greater than or equal to $6.65. On March 4, 2025, the 30-day average VWAP was greater than or equal to $6.65 for 30 consecutive days. As such, the Warrants are currently exercisable.

Content

In accordance with the Warrant Agreement, the Warrants become exercisable on the earlier of (i) November 16, 2025, the expiration date, and (ii) such date that the 30-day volume weighted average price per share ("VWAP") of the Common Stock is greater than or equal to $6.65. On March 4, 2025, the 30-day average VWAP was greater than or equal to $6.65 for 30 consecutive days. As such, the Warrants are currently exercisable.