FGC

SEC source: 0001493152-23-042082 · ownership.xml · nonDerivative · entry 1

SWETS LARRY G JR · CIK 0001409891 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 546,719

F1 · kind: Shares were purchased within the FG Financial Group, Inc. Employee Share Purchase Plan.

F1 · shares: Shares were purchased within the FG Financial Group, Inc. Employee Share Purchase Plan.

F2 · balance_after: Includes (i) 7,722 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (of which 6,178 have vested to date), (ii) 370,000 RSUs granted on February 17, 2023 under the 2021 Equity Incentive Plan (of which none have vested as of the date hereof) pursuant to Equity Award Letter Agreement dated January 18, 2021, and (iii) 130,000 RSU granted on February 17, 2023 under the 2021 Equity Incentive Plan (of which 43,334 have vested to date but 14,644 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 common stock of the Company.

SEC source: 0001493152-23-041561 · ownership.xml · nonDerivative · entry 1

Hayes Rita · CIK 0001764151 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 116,073

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director compensation. RSUs vest in five annual equal instalments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes remaining 1,078 RSUs granted on January 11, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 5,379 RSUs that have vested to date), the remaining 1,544 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 6,178 RSUs that have vested to date), the remaining 3,485 RSUs granted on August 12, 2020 under the 2018 Equity Incentive Plan as director compensation (also includes the 5,229 RSUs that have vested to date), and the remaining 11,594 RSUs granted on December 17, 2021, under the 2021 Equity Incentive Plan as director compensation (also includes the 2,898 RSUs that have vested to date), and the remaining 25,316 RSUs granted on August 19, 2022, under the 2021 Equity Incentive Plan as director compensation (also includes the 6,329 RSUs that have vested to date), the remaining 36,764 RSUs granted on November 13, 2023 as director compensation (none of the 36,764 have vested).

SEC source: 0001493152-23-041562 · ownership.xml · nonDerivative · entry 1

Payne E. Gray · CIK 0001694647 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 119,834

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director compensation. RSUs vest in five annual equal instalments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company..

F2 · balance_after: Includes remaining 1,544 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 6,178 RSUs that have vested to date), the remaining 3,485 RSUs granted on August 12, 2020 under the 2018 Equity Incentive Plan as director compensation (also includes the 5,229 RSUs that have vested to date), and the remaining 11,594 RSUs granted on December 17, 2021, under the 2021 Equity Incentive Plan as director compensation (also includes the 2,898 RSUs that have vested to date), and the remaining 25,316 RSUs granted on August 19, 2022, under the 2021 Equity Incentive Plan as director compensation ( also includes the 6,329 RSUs that have vested to date), the remaining 36,764 RSUs granted on November 13, 2023 as director compensation (none of the 36,764 have vested)..

SEC source: 0001493152-23-041563 · ownership.xml · nonDerivative · entry 1

Wollney Scott D · CIK 0001544008 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 123,431

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director compensation. RSUs vest in five annual equal instalments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company

F2 · balance_after: Includes 3,000 shares held in an individual account. the remaining 1,544 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 6,178 RSUs that have vested to date), the remaining 3,485 RSUs granted on August 12, 2020 under the 2018 Equity Incentive Plan as director compensation (also includes the 5,229 RSUs that have vested to date), and the remaining 11,594 RSUs granted on December 17, 2021, under the 2021 Equity Incentive Plan as director compensation(also includes the 2,898 RSUs that have vested to date), and the remaining 25,316 RSUs granted on August 19, 2022, under the 2021 Equity Incentive Plan as director compensation (also includes the 6,329 RSUs that have vested to date), the remaining 36,764 RSUs granted on November 13, 2023 as director compensation (none of the 36,764 have vested).

SEC source: 0001493152-23-041560 · ownership.xml · nonDerivative · entry 1

Govignon Richard Edward JR · CIK 0001901225 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 90,638

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director compensation. RSUs vest in five annual equal instalments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes remaining 8,695 RSUs granted on December 17, 2021, under the 2021 Equity Incentive Plan as director compensation (also includes the 2,174 RSUs that have vested to date), and the remaining 25,316 RSUs granted on August 19, 2022, under the 2021 Equity Incentive Plan as director compensation (also includes the 6,329 RSUs that have vested to date), the remaining 36,764 RSUs granted on November 13, 2023 as director compensation (none of the 36,764 have vested).

SEC source: 0001493152-23-041559 · ownership.xml · nonDerivative · entry 1

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 260,333

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director compensation. RSUs vest in five annual equal instalments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company..

F2 · balance_after: Includes 2,000 shares held in an individual account, 1,333 shares held in a joint account with spouse, the remaining 1,544 RSUs granted on August 13, 2019 as director compensation (also includes the 6,178 RSUs that have vested to date), the remaining 3,485 RSUs granted on August 12, 2020 as director compensation (also includes the 5,229 RSUs that have vested to date), and the remaining 11,594 RSUs granted on December 17, 2021, as director compensation (also includes the 2,898 RSUs that have vested to date), and the remaining 25,316 RSUs granted on August 19, 2022, as director compensation (also includes the 6,329 RSUs that have vested to date), and the remaining 86,666 RSU granted on February 17, 2023 ( also includes 43,334 RSU that have vested to date but 12,563 of such RSUs were withheld by the Company for tax purposes), the remaining 36,764 RSUs granted on November 13, 2023 as director compensation (none of the 36,764 have vested).

SEC source: 0001493152-23-039135 · ownership.xml · nonDerivative · entry 1

SWETS LARRY G JR · CIK 0001409891 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 545,241

F1 · kind: Shares were purchased within the FG Financial Group, Inc. Employee Share Purchase Plan.

F1 · shares: Shares were purchased within the FG Financial Group, Inc. Employee Share Purchase Plan.

F2 · balance_after: Includes (i) 7,722 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (of which 6,178 have vested to date), (ii) 370,000 RSUs granted on February 17, 2023 under the 2021 Equity Incentive Plan (of which none have vested as of the date hereof) pursuant to Equity Award Letter Agreement dated January 18, 2021, and (iii) 130,000 RSU granted on February 17, 2023 under the 2021 Equity Incentive Plan (of which 43,334 have vested to date but 14,644 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 common stock of the Company.

SEC source: 0001493152-23-038899 · ownership.xml · nonDerivative · entry 1

Payne E. Gray · CIK 0001694647 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 83,069

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director fee payment in lieu of cash. All RSUs vested on the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes remaining 1,544 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 6,178 RSUs that have vested to date), the remaining 3,485 RSUs granted on August 12, 2020 under the 2018 Equity Incentive Plan as director compensation (also includes the 5,229 RSUs that have vested to date), and the remaining 11,594 RSUs granted on December 17, 2021, under the 2021 Equity Incentive Plan as director compensation (also includes the 2,898 RSUs that have vested to date), and the remaining 25,316 RSUs granted on August 19, 2022, under the 2021 Equity Incentive Plan as director compensation ( also includes the 6,329 RSUs that have vested to date).

SEC source: 0001493152-23-038890 · ownership.xml · nonDerivative · entry 1

BAQAR HASSAN · CIK 0001529638 · Executive VP & CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 180,745

F1 · shares: Represents 130,000 RSUs granted on February 17, 2023, under the 2021 Equity Incentive Plan. One third of the RSUs vested on the grant date. The remaining RSUs will vest annually on grant date anniversary the over 2-year period. 43,334 RSUs have vested to date but 12,545 such RSUs were withheld by the Company for tax purposes). Each RSU represent a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes 63,290 shares purchased in underwritten public offering

SEC source: 0001493152-23-038888 · ownership.xml · nonDerivative · entry 1

Govignon Richard Edward JR · CIK 0001901225 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 53,873

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director fee payment in lieu of cash. All RSUs vested on grant date.. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes remaining 8,695 RSUs granted on December 17, 2021, under the 2021 Equity Incentive Plan as director compensation (also includes the 2,174 RSUs that have vested to date), and the remaining 25,316 RSUs granted on August 19, 2022, under the 2021 Equity Incentive Plan as director compensation (also includes the 6,329 RSUs that have vested to date).

SEC source: 0001493152-23-038894 · ownership.xml · nonDerivative · entry 1

Hayes Rita · CIK 0001764151 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 79,308

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director fee payment in lieu of cash. All RSUs vested on grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes remaining 1,078 RSUs granted on January 11, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 5,379 RSUs that have vested to date), the remaining 1,544 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 6,178 RSUs that have vested to date), the remaining 3,485 RSUs granted on August 12, 2020 under the 2018 Equity Incentive Plan as director compensation (also includes the 5,229 RSUs that have vested to date), and the remaining 11,594 RSUs granted on December 17, 2021, under the 2021 Equity Incentive Plan as director compensation (also includes the 2,898 RSUs that have vested to date), and the remaining 25,316 RSUs granted on August 19, 2022, under the 2021 Equity Incentive Plan as director compensation (also includes the 6,329 RSUs that have vested to date).

SEC source: 0001493152-23-038902 · ownership.xml · nonDerivative · entry 1

Wollney Scott D · CIK 0001544008 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 86,666

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director fee payment in lieu of cash. All RSUs vested on the grant date.. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes 3,000 shares held in an individual account. the remaining 1,544 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 6,178 RSUs that have vested to date), the remaining 3,485 RSUs granted on August 12, 2020 under the 2018 Equity Incentive Plan as director compensation (also includes the 5,229 RSUs that have vested to date), and the remaining 11,594 RSUs granted on December 17, 2021, under the 2021 Equity Incentive Plan as director compensation(also includes the 2,898 RSUs that have vested to date), and the remaining 25,316 RSUs granted on August 19, 2022, under the 2021 Equity Incentive Plan as director compensation (also includes the 6,329 RSUs that have vested to date)

SEC source: 0001493152-23-037641 · ownership.xml · nonDerivative · entry 1

SWETS LARRY G JR · CIK 0001409891 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 543,604

F1 · kind: Shares were purchased within the FG Financial Group, Inc. Employee Share Purchase Plan.

F2 · balance_after: Includes (i) 7,722 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (of which 6,178 have vested to date), (ii) 370,000 RSUs granted on February 17, 2023 under the 2021 Equity Incentive Plan (of which none have vested as of the date hereof) pursuant to the Equity Award Letter Agreement dated January 18, 2021, and (iii) 130,000 RSUs granted on February 17, 2023 under the 2021 Equity Incentive Plan (of which 43,334 shares have vested to date but 14,644 of such shares were withheld by the Company for tax purposes) for performance related to fiscal year 2022. Each RSU represents a contingent right to receive one share of common stock of the Company.

SEC source: 0001493152-23-038883 · ownership.xml · nonDerivative · entry 1

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 223,568

F1 · shares: Includes (i) 27,845 restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director fee payment in lieu of cash. These RSUs vested on the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company, (ii) includes 130,000 RSUs granted on February 17, 2023, under the 2021 Equity Incentive Plan for performance related to fiscal year 2022. One third of these RSUs vested on the grant date and the remaining will vest annually over a 2-year period. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes 2,000 shares held in an individual account, 1,333 shares held in a joint account with spouse, the remaining 1,544 RSUs granted on August 13, 2019 as director compensation (also includes the 6,178 RSUs that have vested to date), the remaining 3,485 RSUs granted on August 12, 2020 as director compensation (also includes the 5,229 RSUs that have vested to date), and the remaining 11,594 RSUs granted on December 17, 2021, as director compensation (also includes the 2,898 RSUs that have vested to date), and the remaining 25,316 RSUs granted on August 19, 2022, as director compensation (also includes the 6,329 RSUs that have vested to date), and the remaining 86,666 RSU granted on February 17, 2023 ( also includes 43,334 RSU that have vested to date but 12,563 of such RSUs were withheld by the Company for tax purposes).

SEC source: 0001493152-23-035695 · ownership.xml · nonDerivative · entry 1

SWETS LARRY G JR · CIK 0001409891 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 55,226

F1 · kind: Shares were purchased within the FG Financial Group, Inc. Employee Share Purchase Plan.

F2 · balance_after: Includes 7,722 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (of which 6,178 have vested to date). RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

SEC source: 0001493152-23-033253 · ownership.xml · nonDerivative · entry 1

SWETS LARRY G JR · CIK 0001409891 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 55,133

F1 · kind: Shares were purchased within the FG Financial Group, Inc. Employee Share Purchase Plan.

F2 · balance_after: Includes 6,666 RSUs granted on December 15, 2017 under the Amended and Restated 2014 Equity Incentive Plan pursuant to the share-matching program (of which, 5,333 RSUs have vested to date) and 5,714 and 7,722 RSUs granted on August 22, 2018 and August 13, 2019, respectively, under the 2018 Equity Incentive Plan as director compensation (of which, 3,428 and 3,088 have vested to date, respectively). RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

SEC source: 0000899243-23-015568 · doc4.xml · nonDerivative · entry 3

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

FG Group Holdings Inc. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 5,666,111

F2 · balance_after: FG Financial Holdings, LLC ("FGFH"), which is managed by Fundamental Global GP, LLC ("FGGP"), beneficially owns in the aggregate 56,131 shares of Preferred Stock and 5,666,111 shares of Common Stock, which represent approximately 55.0% 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.

F3 · balance_after: 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.

F4 · balance_after: FG Group Holdings, Inc. ("FGH"), formerly known as 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, FGH disclaims beneficial ownership of the securities referred to herein except to the extent of its pecuniary interest therein.

SEC source: 0000899243-23-015568 · doc4.xml · nonDerivative · entry 2

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

FG Group Holdings Inc. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 5,639,704

F1 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.81 to $1.85, 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, upon request, full information regarding the number of shares of Preferred Stock purchased at each separate price within the range set forth above.

F2 · balance_after: FG Financial Holdings, LLC ("FGFH"), which is managed by Fundamental Global GP, LLC ("FGGP"), beneficially owns in the aggregate 56,131 shares of Preferred Stock and 5,666,111 shares of Common Stock, which represent approximately 55.0% 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.

F3 · balance_after: 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.

F4 · balance_after: FG Group Holdings, Inc. ("FGH"), formerly known as 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, FGH disclaims beneficial ownership of the securities referred to herein except to the extent of its pecuniary interest therein.

SEC source: 0000899243-22-037775 · doc4.xml · nonDerivative · entry 1

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 56,131

F1 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $19.00 to $19.46, 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, upon request, full information regarding the number of shares of Preferred Stock purchased at each separate price within the range set forth above.

F2 · balance_after: FG Financial Holdings, LLC ("FGFH"), which is managed by Fundamental Global GP, LLC ("FGGP"), beneficially owns in the aggregate 56,131 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.

F3 · balance_after: 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.

F4 · balance_after: 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.

SEC source: 0000899243-22-037410 · doc4.xml · nonDerivative · entry 4

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 55,481

F2 · price: 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.

F3 · balance_after: 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.

F4 · balance_after: 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.

F5 · balance_after: 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.

SEC source: 0000899243-22-037410 · doc4.xml · nonDerivative · entry 3

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 54,222

F1 · price: 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.

SEC source: 0000899243-22-037410 · doc4.xml · nonDerivative · entry 2

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 51,822

F1 · price: 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.

SEC source: 0000899243-22-037410 · doc4.xml · nonDerivative · entry 1

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 48,622

F1 · price: 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.

SEC source: 0000899243-22-037245 · doc4.xml · nonDerivative · entry 2

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 47,476

F2 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $17.00 to $17.175, 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.

F3 · balance_after: FG Financial Holdings, LLC ("FGFH"), which is managed by Fundamental Global GP, LLC ("FGGP"), beneficially owns in the aggregate 47,476 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.

F4 · balance_after: 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.

F5 · balance_after: 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.

SEC source: 0000899243-22-037245 · doc4.xml · nonDerivative · entry 1

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 47,035

F1 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $16.93 to $17.00, 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 range set forth above.

SEC source: 0000899243-22-031544 · doc4.xml · nonDerivative · entry 3

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 5,619,111

F4 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $2.08 to $2.10, 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 Common Stock purchased at each separate price within the ranges set forth above.

F2 · balance_after: Due to their positions with Fundamental Global GP, LLC 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 FG Financial Holdings, LLC ("FGFH"). Additionally, Mr. Cerminara holds 21,356 shares of Common Stock and restricted stock units representing the right to receive 56,930 shares of Common Stock upon vesting. Each of Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. owns membership interests in FGFH and may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH; however, each disclaims beneficial ownership of the securities referred to herein except to the extent of its pecuniary interest therein.

F3 · balance_after: Mr. Cerminara beneficially owns in the aggregate 5,640,467 shares of Common Stock, which represent approximately 60.3% of the Company's outstanding shares of Common Stock. The other Reporting Persons beneficially own in the aggregate 5,619,111 shares of Common Stock, which represent approximately 60.1% of the Company's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities referred to herein except to the extent of his or its pecuniary interest therein.

SEC source: 0000899243-22-031544 · doc4.xml · nonDerivative · entry 2

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 46,131

F1 · price: The prices reported in Column 4 are weighted average prices. 749 shares were purchased in multiple transactions at prices ranging from $20.40 to $21.37, inclusive. 8,917 shares were purchased in multiple transactions at prices ranging from $21.42 to $22.40, 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.

F2 · balance_after: Due to their positions with Fundamental Global GP, LLC 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 FG Financial Holdings, LLC ("FGFH"). Additionally, Mr. Cerminara holds 21,356 shares of Common Stock and restricted stock units representing the right to receive 56,930 shares of Common Stock upon vesting. Each of Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. owns membership interests in FGFH and may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH; however, each disclaims beneficial ownership of the securities referred to herein except to the extent of its pecuniary interest therein.

F3 · balance_after: Mr. Cerminara beneficially owns in the aggregate 5,640,467 shares of Common Stock, which represent approximately 60.3% of the Company's outstanding shares of Common Stock. The other Reporting Persons beneficially own in the aggregate 5,619,111 shares of Common Stock, which represent approximately 60.1% of the Company's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities referred to herein except to the extent of his or its pecuniary interest therein.

SEC source: 0000899243-22-031544 · doc4.xml · nonDerivative · entry 1

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 37,214

F1 · price: The prices reported in Column 4 are weighted average prices. 749 shares were purchased in multiple transactions at prices ranging from $20.40 to $21.37, inclusive. 8,917 shares were purchased in multiple transactions at prices ranging from $21.42 to $22.40, 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.

F2 · balance_after: Due to their positions with Fundamental Global GP, LLC 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 FG Financial Holdings, LLC ("FGFH"). Additionally, Mr. Cerminara holds 21,356 shares of Common Stock and restricted stock units representing the right to receive 56,930 shares of Common Stock upon vesting. Each of Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. owns membership interests in FGFH and may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH; however, each disclaims beneficial ownership of the securities referred to herein except to the extent of its pecuniary interest therein.

F3 · balance_after: Mr. Cerminara beneficially owns in the aggregate 5,640,467 shares of Common Stock, which represent approximately 60.3% of the Company's outstanding shares of Common Stock. The other Reporting Persons beneficially own in the aggregate 5,619,111 shares of Common Stock, which represent approximately 60.1% of the Company's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities referred to herein except to the extent of his or its pecuniary interest therein.

SEC source: 0000899243-22-031086 · doc4.xml · nonDerivative · entry 11

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 5,615,655

F11 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.71 to $2.00, 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 Common Stock purchased at each separate price within the range set forth above.

F2 · balance_after: Due to their positions with Fundamental Global GP, LLC ("FGGP") and affiliated entities, Messrs. Cerminara and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock and the shares of Preferred Stock disclosed as directly owned by FGFH. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.

F7 · balance_after: The Reporting Persons beneficially own in the aggregate 5,615,655 shares of Common Stock, which represent approximately 60.1% of the Company's outstanding shares of Common Stock. FGGP may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by FGFH. Mr. Cerminara holds 21,356 shares of Common Stock and restricted stock units representing the right to receive 56,930 shares of Common Stock upon vesting.

SEC source: 0000899243-22-031086 · doc4.xml · nonDerivative · entry 7

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 36,465

F6 · price: The prices reported in Column 4 are weighted average prices. 5,579 shares were purchased in multiple transactions at prices ranging from $20.65 to $21.605, inclusive. 2,675 shares were purchased in multiple transactions at prices ranging from $21.79 to $22.42, 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 ranges set forth above.

F2 · balance_after: Due to their positions with Fundamental Global GP, LLC ("FGGP") and affiliated entities, Messrs. Cerminara and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock and the shares of Preferred Stock disclosed as directly owned by FGFH. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.

F3 · balance_after: The Reporting Persons beneficially own in the aggregate 36,465 shares of Preferred Stock. FGGP may be deemed to be a beneficial owner of the shares of Preferred Stock that are directly owned by FGFH. In addition, Mr. Cerminara owns 44 shares of Preferred Stock in a joint account with his spouse.

SEC source: 0000899243-22-031086 · doc4.xml · nonDerivative · entry 6

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 33,790

F6 · price: The prices reported in Column 4 are weighted average prices. 5,579 shares were purchased in multiple transactions at prices ranging from $20.65 to $21.605, inclusive. 2,675 shares were purchased in multiple transactions at prices ranging from $21.79 to $22.42, 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 ranges set forth above.

F2 · balance_after: Due to their positions with Fundamental Global GP, LLC ("FGGP") and affiliated entities, Messrs. Cerminara and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock and the shares of Preferred Stock disclosed as directly owned by FGFH. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.

F3 · balance_after: The Reporting Persons beneficially own in the aggregate 36,465 shares of Preferred Stock. FGGP may be deemed to be a beneficial owner of the shares of Preferred Stock that are directly owned by FGFH. In addition, Mr. Cerminara owns 44 shares of Preferred Stock in a joint account with his spouse.

SEC source: 0000899243-22-031086 · doc4.xml · nonDerivative · entry 10

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 5,529,335

F10 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.65 to $1.725, 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 Common Stock purchased at each separate price within the range set forth above.

F2 · balance_after: Due to their positions with Fundamental Global GP, LLC ("FGGP") and affiliated entities, Messrs. Cerminara and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock and the shares of Preferred Stock disclosed as directly owned by FGFH. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.

F7 · balance_after: The Reporting Persons beneficially own in the aggregate 5,615,655 shares of Common Stock, which represent approximately 60.1% of the Company's outstanding shares of Common Stock. FGGP may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by FGFH. Mr. Cerminara holds 21,356 shares of Common Stock and restricted stock units representing the right to receive 56,930 shares of Common Stock upon vesting.

SEC source: 0000899243-22-031086 · doc4.xml · nonDerivative · entry 5

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 28,211

F5 · price: The prices reported in Column 4 are weighted average prices. 5,839 shares were purchased in multiple transactions at prices ranging from $19.095 to $20.00, inclusive. 8,819 shares were purchased in multiple transactions at prices ranging from $20.21 to $20.75, 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 ranges set forth above.

F2 · balance_after: Due to their positions with Fundamental Global GP, LLC ("FGGP") and affiliated entities, Messrs. Cerminara and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock and the shares of Preferred Stock disclosed as directly owned by FGFH. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.

F3 · balance_after: The Reporting Persons beneficially own in the aggregate 36,465 shares of Preferred Stock. FGGP may be deemed to be a beneficial owner of the shares of Preferred Stock that are directly owned by FGFH. In addition, Mr. Cerminara owns 44 shares of Preferred Stock in a joint account with his spouse.

SEC source: 0000899243-22-031086 · doc4.xml · nonDerivative · entry 4

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 19,392

F5 · price: The prices reported in Column 4 are weighted average prices. 5,839 shares were purchased in multiple transactions at prices ranging from $19.095 to $20.00, inclusive. 8,819 shares were purchased in multiple transactions at prices ranging from $20.21 to $20.75, 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 ranges set forth above.

F2 · balance_after: Due to their positions with Fundamental Global GP, LLC ("FGGP") and affiliated entities, Messrs. Cerminara and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock and the shares of Preferred Stock disclosed as directly owned by FGFH. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.

F3 · balance_after: The Reporting Persons beneficially own in the aggregate 36,465 shares of Preferred Stock. FGGP may be deemed to be a beneficial owner of the shares of Preferred Stock that are directly owned by FGFH. In addition, Mr. Cerminara owns 44 shares of Preferred Stock in a joint account with his spouse.

SEC source: 0000899243-22-031086 · doc4.xml · nonDerivative · entry 9

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 5,495,778

F9 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.59 to $1.77, 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 Common Stock purchased at each separate price within the range set forth above.

F2 · balance_after: Due to their positions with Fundamental Global GP, LLC ("FGGP") and affiliated entities, Messrs. Cerminara and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock and the shares of Preferred Stock disclosed as directly owned by FGFH. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.

F7 · balance_after: The Reporting Persons beneficially own in the aggregate 5,615,655 shares of Common Stock, which represent approximately 60.1% of the Company's outstanding shares of Common Stock. FGGP may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by FGFH. Mr. Cerminara holds 21,356 shares of Common Stock and restricted stock units representing the right to receive 56,930 shares of Common Stock upon vesting.

SEC source: 0000899243-22-031086 · doc4.xml · nonDerivative · entry 3

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 13,553

F2 · balance_after: Due to their positions with Fundamental Global GP, LLC ("FGGP") and affiliated entities, Messrs. Cerminara and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock and the shares of Preferred Stock disclosed as directly owned by FGFH. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.

F3 · balance_after: The Reporting Persons beneficially own in the aggregate 36,465 shares of Preferred Stock. FGGP may be deemed to be a beneficial owner of the shares of Preferred Stock that are directly owned by FGFH. In addition, Mr. Cerminara owns 44 shares of Preferred Stock in a joint account with his spouse.

SEC source: 0000899243-22-031086 · doc4.xml · nonDerivative · entry 2

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

FG Financial Holdings, LLC · CIK 0001946735 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FG Financial Holdings, LLC

Disclosed balance after: 12,062

F4 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $16.79 to $17.48, 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 ("SEC"), upon request, full information regarding the number of shares of Preferred Stock purchased at each separate price within the range set forth above.

F2 · balance_after: Due to their positions with Fundamental Global GP, LLC ("FGGP") and affiliated entities, Messrs. Cerminara and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock and the shares of Preferred Stock disclosed as directly owned by FGFH. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.

F3 · balance_after: The Reporting Persons beneficially own in the aggregate 36,465 shares of Preferred Stock. FGGP may be deemed to be a beneficial owner of the shares of Preferred Stock that are directly owned by FGFH. In addition, Mr. Cerminara owns 44 shares of Preferred Stock in a joint account with his spouse.

SEC source: 0001493152-22-023803 · ownership.xml · nonDerivative · entry 1

Hayes Rita · CIK 0001764151 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,970

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes remaining 2,158 RSUs granted on January 11, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 3,239 RSUs that have vested to date), the remaining 3,089 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 4,633 RSUs that have vested to date), the remaining 5,228 RSUs granted on August 12, 2020 under the 2018 Equity Incentive Plan as director compensation (also includes the 3,486 RSUs that have vested to date), and the remaining 14,492 RSUs granted on December 17, 2021, under the 2021 Equity Incentive Plan as director compensation.

SEC source: 0001493152-22-023805 · ownership.xml · nonDerivative · entry 1

Payne E. Gray · CIK 0001694647 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 68,287

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes remaining 1,143 RSUs granted on August 22, 2018 under the 2018 Equity Incentive Plan as director compensation (also includes the 4,571 RSUs that have vested to date), the remaining 3,089 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 4,633 RSUs that have vested to date), the remaining 5,228 RSUs granted on August 12, 2020 under the 2018 Equity Incentive Plan as director compensation (also includes the 3,486 RSUs that have vested to date), and the remaining 14,492 RSUs granted on December 17, 2021, under the 2021 Equity Incentive Plan as director compensation.

SEC source: 0001493152-22-023799 · ownership.xml · nonDerivative · entry 1

Wollney Scott D · CIK 0001544008 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 71,287

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes 3,000 shares held in an individual account. Includes remaining 1,143 RSUs granted on August 22, 2018 under the 2018 Equity Incentive Plan as director compensation (also includes the 4,571 RSUs that have vested to date), the remaining 3,089 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 4,633 RSUs that have vested to date), the remaining 5,228 RSUs granted on August 12, 2020 under the 2018 Equity Incentive Plan as director compensation (also includes the 3,486 RSUs that have vested to date), and the remaining 14,492 RSUs granted on December 17, 2021, under the 2021 Equity Incentive Plan as director compensation.

SEC source: 0001493152-22-023887 · ownership.xml · nonDerivative · entry 1

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 78,286

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director compensation. RSUs vest in five annual equal instalments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes 2,000 shares held in an individual account, 1,333 shares held in a joint account with spouse, 18,023 RSUs which have previously vested to date as well as 25,285 unvested RSUs which have yet to vest to Mr. Cerminara. The RSUs had been previously granted under the Company's Amended and Restated 2014 Equity Incentive Plan, the Company's 2018 Equity Incentive Plan and the Company's 2021 Equity Incentive Plan as director compensation.

SEC source: 0001493152-22-023801 · ownership.xml · nonDerivative · entry 1

Govignon Richard Edward JR · CIK 0001901225 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,514

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director compensation. RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

F2 · balance_after: Includes remaining 10,869 RSUs granted on December 17, 2021, under the 2021 Equity Incentive Plan as director compensation.

SEC source: 0001493152-22-017390 · ownership.xml · nonDerivative · entry 1

SWETS LARRY G JR · CIK 0001409891 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 53,452

F2 · kind: Purchased in underwritten public offering.

F1 · balance_after: Includes 6,666 RSUs granted on December 15, 2017 under the Amended and Restated 2014 Equity Incentive Plan pursuant to the share-matching program (of which, 5,333 RSUs have vested to date) and 5,714 and 7,722 RSUs granted on August 22, 2018 and August 13, 2019, respectively, under the 2018 Equity Incentive Plan as director compensation (of which, 3,428 and 3,088 have vested to date, respectively). RSUs vest in five annual equal installments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.

SEC source: 0001493152-22-017388 · ownership.xml · nonDerivative · entry 1

BAQAR HASSAN · CIK 0001529638 · Executive VP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,290

F1 · kind: Purchased in underwritten public offering.

SEC source: 0000899243-22-023032 · doc4.xml · nonDerivative · entry 4

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · BALLANTYNE STRONG, INC.

Disclosed balance after: 2,904,231

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 5,431,498 shares of Common Stock, which represent approximately 58.5% of the Company's outstanding shares of Common Stock. Fundamental Global GP, LLC may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by Fundamental Activist Fund I, LP ("FAFI") and FGI 1347 Holdings, LP ("FGIH"). Mr. Cerminara holds 16,925 shares of Common Stock and restricted stock units representing the right to receive 29,716 shares of Common Stock upon vesting.

F4 · balance_after: Due to their positions with Fundamental Global GP, LLC and affiliated entities, Messrs. Cerminara and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FAFI. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.

SEC source: 0000899243-22-023032 · doc4.xml · nonDerivative · entry 3

Fundamental Global GP, LLC · CIK 0001878780 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

BALLANTYNE STRONG, INC. · CIK 0000946454 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · FUNDAMENTAL ACTIVIST FUND I, LP

Disclosed balance after: 2,049,985

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 5,431,498 shares of Common Stock, which represent approximately 58.5% of the Company's outstanding shares of Common Stock. Fundamental Global GP, LLC may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by Fundamental Activist Fund I, LP ("FAFI") and FGI 1347 Holdings, LP ("FGIH"). Mr. Cerminara holds 16,925 shares of Common Stock and restricted stock units representing the right to receive 29,716 shares of Common Stock upon vesting.

F4 · balance_after: Due to their positions with Fundamental Global GP, LLC and affiliated entities, Messrs. Cerminara and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FAFI. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.

SEC source: 0001493152-22-016078 · ownership.xml · nonDerivative · entry 8

BAQAR HASSAN · CIK 0001529638 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By IRA

Disclosed balance after: 8,271

SEC source: 0001493152-22-016078 · ownership.xml · nonDerivative · entry 7

BAQAR HASSAN · CIK 0001529638 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By IRA

Disclosed balance after: 6,071

SEC source: 0001493152-22-016078 · ownership.xml · nonDerivative · entry 6

BAQAR HASSAN · CIK 0001529638 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By IRA

Disclosed balance after: 4,071

SEC source: 0001493152-22-016078 · ownership.xml · nonDerivative · entry 5

BAQAR HASSAN · CIK 0001529638 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By IRA

Disclosed balance after: 2,271