Kyle Cerminara - 04 Aug 2025 Form 4 Insider Report for Fundamental Global Inc. (FGF)

Role: CEO and Chairman, Director, 10%+ Owner
Signature: /s/ Kyle Cerminara
Issuer symbol: FGF
Transactions as of: 04 Aug 2025
Transactions value $: $1,497,000
Form type: 4
Filing time: 08 Aug 2025, 17:47:38 UTC
Previous filing: 21 May 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Cerminara Kyle	CEO and Chairman, Director, 10%+ Owner	C/O FUNDAMENTAL GLOBAL INC., 6408 BANNINGTON ROAD,, CHARLOTTE	/s/ Kyle Cerminara	08 Aug 2025	0001619991

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	FGF	Common Stock						45.6K	04 Aug 2025	Direct
holding	FGF	Common Stock						301	04 Aug 2025	By 401(k) Plan
holding	FGF	Common Stock						450	04 Aug 2025	By Spouse
holding	FGF	Common Stock						167	04 Aug 2025	By Minor Children
holding	FGF	Common Stock						330K	04 Aug 2025	FG Financial Holdings, LLC	F4

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	Common Stock Purchase Warrant	Award	$0	+225K		$0.00	225K	04 Aug 2025	Common Stock	225K	$5.00	By Cerminara Capital LLC	F1, F2
transaction	FGF	Pre - Funded Common Stock Purchase Warrant	Award	$998K	+200K		$4.99	200K	04 Aug 2025	Common Stock	200K	$0.00	By Cerminara Capital LLC	F1, F3
transaction	FGF	Pre - Funded Common Stock Purchase Warrant	Award	$499K	+100K		$4.99	100K	04 Aug 2025	Common Stock	100K	$0.00	Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Exercise subject to the latter of the (i) effectiveness of articles of amendment to the Company's amended and restated articles of incorporation to increase authorized shares to 1,000,000,000 and (ii) 21st day following final information statement for Nasdaq Rule 5635(d) approval (the "Initial Exercise Date").
F2	Expires ten years from Initial Exercise Date. Exercise limited to 50% of warrant shares until Company purchases $150 million in Ethereum tokens.
F3	No expiration until exercised in full; exercise price pre-funded.
F4	FG Financial Holdings LLC ("FGFH") beneficially owns in the aggregate 329,965 shares of FG Common Stock. Fundamental Global GP LLC ("FGGP"), which is an affiliate of FGFH, may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH. Due to Mr. Cerminara's position with FGGP and affiliated entities, Mr. Cerminara may be deemed to be beneficial owner of the securities disclosed as directly owned by FGFH. Mr. Cerminara disclaims beneficial ownership of the shares of FG Common Stock beneficially owned by FGFH and FGGP except to the extent of his pecuniary interest therein.