FGC

SEC source: 0001493152-22-016078 · ownership.xml · nonDerivative · entry 4

BAQAR HASSAN · CIK 0001529638 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By IRA

Disclosed balance after: 1,271

SEC source: 0001493152-22-016078 · ownership.xml · nonDerivative · entry 3

BAQAR HASSAN · CIK 0001529638 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By IRA

Disclosed balance after: 600

SEC source: 0001493152-22-016078 · ownership.xml · nonDerivative · entry 2

BAQAR HASSAN · CIK 0001529638 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By IRA

Disclosed balance after: 300

SEC source: 0001493152-22-016078 · ownership.xml · nonDerivative · entry 1

BAQAR HASSAN · CIK 0001529638 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By IRA

Disclosed balance after: 100

SEC source: 0001493152-21-032171 · ownership.xml · nonDerivative · entry 1

Hayes Rita · CIK 0001764151 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,325

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 3,238 RSUs granted on January 11, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 2,159 RSUs that have vested to date), the remaining 4,634 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 3,088 RSUs that have vested to date) and the remaining 6,971 RSUs granted on August 12, 2020 under the 2018 Equity Incentive Plan as director compensation (also includes the 1,743 RSUs that 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: 0001493152-21-032169 · ownership.xml · nonDerivative · entry 1

Payne E. Gray · CIK 0001694647 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,642

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 2,286 RSUs granted on August 22, 2018 under the 2018 Equity Incentive Plan as director compensation (also includes the 3,428 RSUs that have vested to date), the remaining 4,634 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 3,088 RSUs that have vested to date) and the remaining 6,971 RSUs granted on August 12, 2020 under the 2018 Equity Incentive Plan as director compensation (also includes the 1,743 RSUs that 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: 0001493152-21-032170 · ownership.xml · nonDerivative · entry 1

Wollney Scott D · CIK 0001544008 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,642

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 2,286 RSUs granted on August 22, 2018 under the 2018 Equity Incentive Plan as director compensation (also includes the 3,428 RSUs that have vested to date), the remaining 4,634 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 3,088 RSUs that have vested to date) and the remaining 6,971 RSUs granted on August 12, 2020 under the 2018 Equity Incentive Plan as director compensation (also includes the 1,743 RSUs that 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: 0001493152-21-032173 · ownership.xml · nonDerivative · entry 1

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,641

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 2,000 shares held in an individual account, 1,333 shares held in a joint account with spouse, 13,592 RSUs which have previously vested to date as well as 29,716 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.Each RSU represents a contingent right to receive one share of common stock of the Company.

SEC source: 0001493152-21-032172 · ownership.xml · nonDerivative · entry 1

Wong Dennis Andrew · CIK 0001651098 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,808

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director compensation and represent the contingent right to receive one share of common stock of the Company. The RSUs will vest to Mr. Wong on January 1, 2022.

F2 · balance_after: Includes a total of 13,592 RSUs which have previously vested to date as well as 29,716 unvested RSUs which will vest to Mr. Wong on January 1, 2022 pursuant to an accelerated vesting schedule approved the Company's Compensation and Management Resource Committee. 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: 0001493152-21-032394 · ownership.xml · nonDerivative · entry 1

Govignon Richard Edward JR · CIK 0001901225 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,869

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.

SEC source: 0000899243-21-047950 · doc4.xml · nonDerivative · entry 1

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

BK Technologies Corp · CIK 0000002186 · 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 GLOBAL PARTNERS MASTER FUND, LP

Disclosed balance after: 8,973

F3 · balance_after: The Reporting Persons beneficially own in the aggregate 8,973 shares of Preferred Stock. Fundamental Global GP, LLC may be deemed to be a beneficial owner of the shares of Preferred Stock that are directly owned by FGPM. In addition, Mr. Cerminara owns 44 shares of Preferred Stock in a joint account with his spouse.

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 FGPM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. Due to his positions with BTN, Fundamental Global GP, LLC and affiliated entities, Mr. Cerminara may be deemed to be a beneficial owner of the shares of Common Stock disclosed as directly owned by BTN. 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: 0000899243-21-047627 · doc4.xml · nonDerivative · entry 2

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

BK Technologies Corp · CIK 0000002186 · 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 GLOBAL PARTNERS MASTER FUND, LP

Disclosed balance after: 9,358

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.65 to $24.82, inclusive. The Reporting Persons undertake to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Preferred Stock sold at each separate price within the range set forth above.

F3 · balance_after: The Reporting Persons beneficially own in the aggregate 9,358 shares of Preferred Stock. Fundamental Global GP, LLC may be deemed to be a beneficial owner of the shares of Preferred Stock that are directly owned by FGPM. In addition, Mr. Cerminara owns 44 shares of Preferred Stock in a joint account with his spouse.

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 FGPM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. Due to his positions with BTN, Fundamental Global GP, LLC and affiliated entities, Mr. Cerminara may be deemed to be a beneficial owner of the shares of Common Stock disclosed as directly owned by BTN. 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: 0000899243-21-047627 · doc4.xml · nonDerivative · entry 1

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

BK Technologies Corp · CIK 0000002186 · 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 GLOBAL PARTNERS MASTER FUND, LP

Disclosed balance after: 16,976

F3 · balance_after: The Reporting Persons beneficially own in the aggregate 9,358 shares of Preferred Stock. Fundamental Global GP, LLC may be deemed to be a beneficial owner of the shares of Preferred Stock that are directly owned by FGPM. In addition, Mr. Cerminara owns 44 shares of Preferred Stock in a joint account with his spouse.

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 FGPM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. Due to his positions with BTN, Fundamental Global GP, LLC and affiliated entities, Mr. Cerminara may be deemed to be a beneficial owner of the shares of Common Stock disclosed as directly owned by BTN. 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: 0000899243-21-047262 · doc4.xml · nonDerivative · entry 2

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

BK Technologies Corp · CIK 0000002186 · 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 GLOBAL PARTNERS MASTER FUND, LP

Disclosed balance after: 18,979

F4 · balance_after: The Reporting Persons beneficially own in the aggregate 18,979 shares of Preferred Stock. Fundamental Global GP, LLC may be deemed to be a beneficial owner of the shares of Preferred Stock that are directly owned by FGPM. In addition, Mr. Cerminara owns 44 shares of Preferred Stock in a joint account with his spouse.

F5 · 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 FGPM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. Due to his positions with BTN, Fundamental Global GP, LLC and affiliated entities, Mr. Cerminara may be deemed to be a beneficial owner of the shares of Common Stock disclosed as directly owned by BTN. 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: 0000899243-21-047262 · doc4.xml · nonDerivative · entry 1

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

BK Technologies Corp · CIK 0000002186 · 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 GLOBAL PARTNERS MASTER FUND, LP

Disclosed balance after: 21,324

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.00 to $25.25, inclusive. The Reporting Persons undertake to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Preferred Stock sold at each separate price within the range set forth above.

F4 · balance_after: The Reporting Persons beneficially own in the aggregate 18,979 shares of Preferred Stock. Fundamental Global GP, LLC may be deemed to be a beneficial owner of the shares of Preferred Stock that are directly owned by FGPM. In addition, Mr. Cerminara owns 44 shares of Preferred Stock in a joint account with his spouse.

F5 · 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 FGPM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. Due to his positions with BTN, Fundamental Global GP, LLC and affiliated entities, Mr. Cerminara may be deemed to be a beneficial owner of the shares of Common Stock disclosed as directly owned by BTN. 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: 0000899243-21-047627 · doc4.xml · derivative · entry 9

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

BK Technologies Corp · CIK 0000002186 · 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: 0

Underlying: COMMON STOCK · 600,000 shares

Expires 2021-11-29

F7 · shares: As previously reported in its Form 8-K filed on December 3, 2021, on November 29, 2021, BTN elected to exercise (i) the subscription rights distributed by the Company on October 29, 2021 to it to purchase 155,761 shares of the Company's Common Stock at a purchase price of $4.00 per share and (ii) its over-subscription privilege to purchase an additional 444,239 additional shares of the Company's Common Stock at a purchase price of $4.00 per share.

SEC source: 0000899243-21-047627 · doc4.xml · nonDerivative · entry 3

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

BK Technologies Corp · CIK 0000002186 · 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: 1,638,409

F7 · shares: As previously reported in its Form 8-K filed on December 3, 2021, on November 29, 2021, BTN elected to exercise (i) the subscription rights distributed by the Company on October 29, 2021 to it to purchase 155,761 shares of the Company's Common Stock at a purchase price of $4.00 per share and (ii) its over-subscription privilege to purchase an additional 444,239 additional shares of the Company's Common Stock at a purchase price of $4.00 per share.

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 3,632,765 shares of Common Stock (including 100,000 shares that may be acquired pursuant to a call option), which represent approximately 55.9% 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 Global Partners Master Fund, LP ("FGPM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. ("BTN"). Mr. Cerminara holds 15,592 shares of Common Stock and restricted stock units representing the right to receive 16,557 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 FGPM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. Due to his positions with BTN, Fundamental Global GP, LLC and affiliated entities, Mr. Cerminara may be deemed to be a beneficial owner of the shares of Common Stock disclosed as directly owned by BTN. 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: 0001493152-21-022847 · 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: 10,000

SEC source: 0000899243-21-036325 · doc4.xml · nonDerivative · entry 2

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

BK Technologies Corp · CIK 0000002186 · 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 GLOBAL PARTNERS MASTER FUND, LP

Disclosed balance after: 22,678

F4 · balance_after: The Reporting Persons beneficially own in the aggregate 22,678 shares of Preferred Stock, which represent approximately 2.5% of the outstanding shares of Preferred Stock. Fundamental Global GP, LLC may be deemed to be a beneficial owner of the shares of Preferred Stock that are directly owned by FGPM. In addition, Mr. Cerminara owns 44 shares of Preferred Stock in a joint account with his spouse.

F5 · 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 FGPM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. Due to his positions with BTN, Fundamental Global GP, LLC and affiliated entities, Mr. Cerminara may be deemed to be a beneficial owner of the shares of Common Stock disclosed as directly owned by BTN. 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: 0000899243-21-036325 · doc4.xml · nonDerivative · entry 1

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

BK Technologies Corp · CIK 0000002186 · 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 GLOBAL PARTNERS MASTER FUND, LP

Disclosed balance after: 33,999

F4 · balance_after: The Reporting Persons beneficially own in the aggregate 22,678 shares of Preferred Stock, which represent approximately 2.5% of the outstanding shares of Preferred Stock. Fundamental Global GP, LLC may be deemed to be a beneficial owner of the shares of Preferred Stock that are directly owned by FGPM. In addition, Mr. Cerminara owns 44 shares of Preferred Stock in a joint account with his spouse.

F5 · 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 FGPM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. Due to his positions with BTN, Fundamental Global GP, LLC and affiliated entities, Mr. Cerminara may be deemed to be a beneficial owner of the shares of Common Stock disclosed as directly owned by BTN. 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: 0001420506-21-000816 · doc4_931.xml · nonDerivative · entry 2

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

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

BK Technologies Corp · CIK 0000002186 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · FGI GLOBAL ASSET ALLOCATION FUND, LTD.

Disclosed balance after: 0

F6 · shares: Represents a cross-trade between FGAA and FGCA, in which FGAA disposed of and FGCA acquired the reported shares. Accordingly, there was no change in the aggregate beneficial ownership of the Reporting Persons.

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 3,045,593 shares of Common Stock (including 100,000 shares that may be acquired pursuant to a call option), which represent approximately 60.8% of the Company's outstanding shares of Common Stock. Fundamental Global Investors, LLC may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by Fundamental Global Partners Master Fund, LP ("FGPM"), FGI Global Asset Allocation Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH"), Fundamental Global Capital Appreciation Fund, LP ("FGCA") and Ballantyne Strong, Inc. ("BTN"). Mr. Cerminara holds 11,162 shares of Common Stock and restricted stock units representing the right to receive 20,987 shares of Common Stock upon vesting. In addition, Mr. Johnson holds 32,149 shares of Common Stock.

F4 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara, Lewis M. Johnson and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by FGPM, FGAA, FGGM, FAFI, FGIH and FGCA and the shares of Preferred Stock disclosed as directly owned by FGPM and FGCA. Due to their positions with BTN, Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara and Johnson may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by BTN. 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: 0001420506-21-000816 · doc4_931.xml · nonDerivative · entry 1

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

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

BK Technologies Corp · CIK 0000002186 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · FUNDAMENTAL GLOBAL CAPITAL APPRECIATION FUND, LP

Disclosed balance after: 8,296

F6 · shares: Represents a cross-trade between FGAA and FGCA, in which FGAA disposed of and FGCA acquired the reported shares. Accordingly, there was no change in the aggregate beneficial ownership of the Reporting Persons.

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 3,045,593 shares of Common Stock (including 100,000 shares that may be acquired pursuant to a call option), which represent approximately 60.8% of the Company's outstanding shares of Common Stock. Fundamental Global Investors, LLC may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by Fundamental Global Partners Master Fund, LP ("FGPM"), FGI Global Asset Allocation Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH"), Fundamental Global Capital Appreciation Fund, LP ("FGCA") and Ballantyne Strong, Inc. ("BTN"). Mr. Cerminara holds 11,162 shares of Common Stock and restricted stock units representing the right to receive 20,987 shares of Common Stock upon vesting. In addition, Mr. Johnson holds 32,149 shares of Common Stock.

F4 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara, Lewis M. Johnson and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by FGPM, FGAA, FGGM, FAFI, FGIH and FGCA and the shares of Preferred Stock disclosed as directly owned by FGPM and FGCA. Due to their positions with BTN, Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara and Johnson may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by BTN. 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: 0001493152-23-033253 · ownership.xml · derivative · entry 3

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 130,000

Underlying: Common Stock · 130,000 shares

Expires 2023-01-11

F3 · derivative.exercise_date: The stock options become vested and fully exercisable in 20% increments on each anniversary of the grant date, provided that Mr. Swets remains in the continuous service of the Issuer through each applicable vesting date and that the Issuer's book value per share has increased by 15% or more as compared to the Issuer's book value per share as of the fiscal year end prior.

SEC source: 0001493152-23-035695 · ownership.xml · derivative · entry 3

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 130,000

Underlying: Common Stock · 130,000 shares

Expires 2023-01-11

F3 · derivative.exercise_date: The stock options become vested and fully exercisable in 20% increments on each anniversary of the grant date, provided that Mr. Swets remains in the continuous service of the Issuer through each applicable vesting date and that the Issuer's book value per share has increased by 15% or more as compared to the Issuer's book value per share as of the fiscal year end prior.

SEC source: 0001493152-23-037641 · ownership.xml · derivative · entry 3

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 130,000

Underlying: Common Stock · 130,000 shares

Expires 2023-01-11

F3 · derivative.exercise_date: The stock options become vested and fully exercisable in 20% increments on each anniversary of the grant date, provided that Mr. Swets remains in the continuous service of the Issuer through each applicable vesting date and that the Issuer's book value per share has increased by 15% or more as compared to the Issuer's book value per share as of the fiscal year end prior.

SEC source: 0001493152-23-039135 · ownership.xml · derivative · entry 3

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 130,000

Underlying: Common Stock · 130,000 shares

Expires 2023-01-11

F3 · derivative.exercise_date: The stock options become vested and fully exercisable in 20% increments on each anniversary of the grant date, provided that Mr. Swets remains in the continuous service of the Issuer through each applicable vesting date and that the Issuer's book value per share has increased by 15% or more as compared to the Issuer's book value per share as of the fiscal year end prior.

SEC source: 0001493152-23-042082 · ownership.xml · derivative · entry 3

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 130,000

Underlying: Common Stock · 130,000 shares

Expires 2023-01-11

F3 · derivative.exercise_date: The stock options become vested and fully exercisable in 20% increments on each anniversary of the grant date, provided that Mr. Swets remains in the continuous service of the Issuer through each applicable vesting date and that the Issuer's book value per share has increased by 15% or more as compared to the Issuer's book value per share as of the fiscal year end prior.

SEC source: 0001493152-23-043551 · ownership.xml · derivative · entry 3

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 130,000

Underlying: Common Stock · 130,000 shares

Expires 2023-01-11

F3 · derivative.exercise_date: The stock options become vested and fully exercisable in 20% increments on each anniversary of the grant date, provided that Mr. Swets remains in the continuous service of the Issuer through each applicable vesting date and that the Issuer's book value per share has increased by 15% or more as compared to the Issuer's book value per share as of the fiscal year end prior.

SEC source: 0001493152-23-045472 · ownership.xml · derivative · entry 3

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 130,000

Underlying: Common Stock · 130,000 shares

Expires 2023-01-11

F3 · derivative.exercise_date: The stock options become vested and fully exercisable in 20% increments on each anniversary of the grant date, provided that Mr. Swets remains in the continuous service of the Issuer through each applicable vesting date and that the Issuer's book value per share has increased by 15% or more as compared to the Issuer's book value per share as of the fiscal year end prior.

SEC source: 0001493152-24-000275 · ownership.xml · derivative · entry 3

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 130,000

Underlying: Common Stock · 130,000 shares

Expires 2023-01-11

F3 · derivative.exercise_date: The stock options become vested and fully exercisable in 20% increments on each anniversary of the grant date, provided that Mr. Swets remains in the continuous service of the Issuer through each applicable vesting date and that the Issuer's book value per share has increased by 15% or more as compared to the Issuer's book value per share as of the fiscal year end prior.

SEC source: 0001493152-24-002628 · ownership.xml · derivative · entry 3

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 130,000

Underlying: Common Stock · 130,000 shares

Expires 2031-01-11

F3 · derivative.exercise_date: The stock options become vested and fully exercisable in 20% increments on each anniversary of the grant date, provided that Mr. Swets remains in the continuous service of the Issuer through each applicable vesting date and that the Issuer's book value per share has increased by 15% or more as compared to the Issuer's book value per share as of the fiscal year end prior.

SEC source: 0001493152-24-004715 · ownership.xml · derivative · entry 3

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 130,000

Underlying: Common Stock · 130,000 shares

Expires 2031-01-11

F3 · derivative.exercise_date: The stock options become vested and fully exercisable in 20% increments on each anniversary of the grant date, provided that Mr. Swets remains in the continuous service of the Issuer through each applicable vesting date and that the Issuer's book value per share has increased by 15% or more as compared to the Issuer's book value per share as of the fiscal year end prior.

SEC source: 0001493152-24-007520 · ownership.xml · derivative · entry 3

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 130,000

Underlying: Common Stock · 130,000 shares

Expires 2031-01-11

F3 · derivative.exercise_date: The stock options become vested and fully exercisable in 20% increments on each anniversary of the grant date, provided that Mr. Swets remains in the continuous service of the Issuer through each applicable vesting date and that the Issuer's book value per share has increased by 15% or more as compared to the Issuer's book value per share as of the fiscal year end prior.

SEC source: 0001104659-20-096207 · tm2028863-3_4.xml · nonDerivative · entry 2

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

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

BK Technologies Corp · CIK 0000002186 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · Fundamental Global Capital Appreciation Fund, LP

Disclosed balance after: 590

F7 · kind: Represents contributions in-kind from customer accounts managed by CWA.

F7 · shares: Represents contributions in-kind from customer accounts managed by CWA.

F4 · balance_after: The Reporting Persons beneficially own in the aggregate 35,210 shares of Preferred Stock, which represent approximately 5.0% of the outstanding shares of Preferred Stock. Fundamental Global Investors, LLC may be deemed to be a beneficial owner of the shares of Preferred Stock that are directly owned by FGPM and FGCA. In addition, for the accounts of individual investors, CWA, of which 50% is owned by Fundamental Global Investors, LLC, also holds 32,697 shares of Preferred Stock, including 44 shares of Preferred Stock held by Mr. Cerminara in a joint account with his spouse.

F5 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara, Lewis M. Johnson and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by FGPM, FGAA, FGGM, FAFI, FGIH and FGCA and the shares of Preferred Stock disclosed as directly owned by FGPM and FGCA. Due to their positions with BTN, Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara and Johnson may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by BTN. 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: 0001104659-20-096207 · tm2028863-3_4.xml · nonDerivative · entry 1

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

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

BK Technologies Corp · CIK 0000002186 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · Fundamental Global Capital Appreciation Fund, LP

Disclosed balance after: 3,000

F7 · kind: Represents contributions in-kind from customer accounts managed by CWA.

F7 · shares: Represents contributions in-kind from customer accounts managed by CWA.

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 3,045,593 shares of Common Stock (including 100,000 shares that may be acquired pursuant to a call option), which represent approximately 50.2% of the Company's outstanding shares of Common Stock. Fundamental Global Investors, LLC may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by Fundamental Global Partners Master Fund, LP ("FGPM"), FGI Global Asset Allocation Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH"), Fundamental Global Capital Appreciation Fund, LP ("FGCA") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: In addition, CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 61,250 shares of Common Stock for the accounts of individual investors (excluding shares held in CWA accounts for other Reporting Persons, which are separately reported on this form), which represent approximately 1.0% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 8,685 shares of Common Stock and restricted stock units representing the right to receive 23,464 shares of Common Stock upon vesting. In addition, Mr. Moglia holds 16,216 shares of Common Stock through trusts.

F5 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara, Lewis M. Johnson and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by FGPM, FGAA, FGGM, FAFI, FGIH and FGCA and the shares of Preferred Stock disclosed as directly owned by FGPM and FGCA. Due to their positions with BTN, Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara and Johnson may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by BTN. 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: 0001493152-20-015991 · ownership.xml · nonDerivative · entry 1

Hayes Rita · CIK 0001764151 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,833

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 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 4,318 RSUs granted on January 11, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 1,079 RSUs that have vested to date), and the remaining 6,178 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 1,544 RSUs that 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: 0001493152-20-015996 · ownership.xml · nonDerivative · entry 1

Payne E. Gray · CIK 0001694647 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,150

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 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 4,572 RSUs granted on August 22, 2018 under the 2018 Equity Incentive Plan as director compensation (also includes the 1,142 RSUs that have vested to date), and the remaining 6,178 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 1,544 RSUs that 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: 0001493152-20-015978 · ownership.xml · nonDerivative · entry 1

Wollney Scott D · CIK 0001544008 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,150

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 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 4,572 RSUs granted on August 22, 2018 under the 2018 Equity Incentive Plan as director compensation (also includes the 1,142 RSUs that have vested to date), and the remaining 6,178 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 1,544 RSUs that 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: 0001493152-20-015998 · ownership.xml · nonDerivative · entry 1

Wong Dennis Andrew · CIK 0001651098 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,816

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 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 4,000 RSUs granted on December 15, 2017 under the Amended and Restated 2014 Equity Incentive Plan pursuant to the share-matching program (also includes the 2,666 RSUs that have vested to date), remaining 4,572 RSUs granted on August 22, 2018 under the 2018 Equity Incentive Plan as director compensation (also includes the 1,142 RSUs that have vested to date), and the remaining 6,178 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes the 1,544 RSUs that 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: 0001493152-20-015995 · ownership.xml · nonDerivative · entry 1

King Marsha G · CIK 0001764143 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,833

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 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 4,318 RSUs granted on January 11, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes shares received pursuant to the 1,079 RSUs that have vested to date under this grant), and the remaining 6,178 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes shares received pursuant to the 1,544 RSUs that have vested to date under this grant). 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: 0001493152-20-015992 · ownership.xml · nonDerivative · entry 1

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,149

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 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 3,333 shares held in a joint account with spouse, remaining 4,000 RSUs granted on December 15, 2017 under the Amended and Restated 2014 Equity Incentive Plan pursuant to the share-matching program (also includes shares received pursuant to the 2,666 RSUs that have vested to date under this grant), remaining 4,572 RSUs granted on August 22, 2018 under the 2018 Equity Incentive Plan as director compensation (also includes shares received pursuant to the 1,142 RSUs that have vested to date under this grant), and the remaining 6,178 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes shares received pursuant to the 1,544 RSUs that have vested to date under this grant). 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: 0001493152-20-015988 · ownership.xml · nonDerivative · entry 1

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,369

F1 · shares: Represents restricted stock units ("RSUs") granted under the 2018 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 1,553 shares held in a joint account with spouse. Includes remaining 4,000 RSUs granted on December 15, 2017 under the Amended and Restated 2014 Equity Incentive Plan pursuant to the share-matching program (also includes shares received pursuant to the 2,666 RSUs that have vested to date under the grant), remaining 4,572 RSUs granted on August 22, 2018 under the 2018 Equity Incentive Plan as director compensation (also includes shares received pursuant to the 1,142 RSUs that have vested to date under the grant), and the remaining 6,178 RSUs granted on August 13, 2019 under the 2018 Equity Incentive Plan as director compensation (also includes shares received pursuant to the 1,544 RSUs that have vested to date under the grant). 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: 0001104659-20-049636 · tm2016607-2_4.xml · nonDerivative · entry 2

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

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

BK Technologies Corp · CIK 0000002186 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · Fundamental Global Partners Master Fund, LP

Disclosed balance after: 628,875

F8 · price: The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.65 and $4.80 per share. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 3,042,593 shares of Common Stock (including 100,000 shares that may be acquired pursuant to a call option), which represent approximately 50.1% of the Company's outstanding shares of Common Stock. Fundamental Global Investors, LLC may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by Fundamental Global Partners Master Fund, LP ("FGPM"), FGI Global Asset Allocation Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: In addition, CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 64,710 shares of Common Stock for the accounts of individual investors (excluding shares held in CWA accounts for other Reporting Persons, which are separately reported on this form), which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 7,141 shares of Common Stock and restricted stock units representing the right to receive 16,294 shares of Common Stock upon vesting. Joseph H. Moglia does not directly hold any shares of Common Stock.

F5 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara, Lewis M. Johnson and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by FGPM, FGAA, FGGM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. Due to their positions with BTN, Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara and Johnson may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by BTN. 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: 0001104659-20-049636 · tm2016607-2_4.xml · nonDerivative · entry 1

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

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

BK Technologies Corp · CIK 0000002186 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 10% owner

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

10b5-1 filing: Not disclosed

Ownership: Indirect · Fundamental Global Partners Master Fund, LP

Disclosed balance after: 574,432

F7 · price: The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.85 and $4.90 per share. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 3,042,593 shares of Common Stock (including 100,000 shares that may be acquired pursuant to a call option), which represent approximately 50.1% of the Company's outstanding shares of Common Stock. Fundamental Global Investors, LLC may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by Fundamental Global Partners Master Fund, LP ("FGPM"), FGI Global Asset Allocation Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: In addition, CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 64,710 shares of Common Stock for the accounts of individual investors (excluding shares held in CWA accounts for other Reporting Persons, which are separately reported on this form), which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 7,141 shares of Common Stock and restricted stock units representing the right to receive 16,294 shares of Common Stock upon vesting. Joseph H. Moglia does not directly hold any shares of Common Stock.

F5 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara, Lewis M. Johnson and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by FGPM, FGAA, FGGM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. Due to their positions with BTN, Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara and Johnson may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by BTN. 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: 0001104659-20-048507 · tm2016330d1_form4.xml · nonDerivative · entry 1

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

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

BK Technologies Corp · CIK 0000002186 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · Group Member

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

10b5-1 filing: Not disclosed

Ownership: Indirect · Fundamental Global Partners Master Fund, LP

Disclosed balance after: 571,068

F7 · price: The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.745 and $4.80 per share. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 2,984,786 shares of Common Stock (including 100,000 shares that may be acquired pursuant to a call option), which represent approximately 49.2% of the Company's outstanding shares of Common Stock. Fundamental Global Investors, LLC may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by Fundamental Global Partners Master Fund, LP ("FGPM"), FGI Global Asset Allocation Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: In addition, CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 64,710 shares of Common Stock for the accounts of individual investors (excluding shares held in CWA accounts for other Reporting Persons, which are separately reported on this form), which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 7,141 shares of Common Stock and restricted stock units representing the right to receive 16,294 shares of Common Stock upon vesting. In addition, Mr. Moglia holds 16,216 shares of Common Stock through trusts.

F5 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara, Lewis M. Johnson and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by FGPM, FGAA, FGGM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. Due to their positions with BTN, Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara and Johnson may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by BTN. 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: 0001104659-20-047735 · tm2016040-1_4.xml · derivative · entry 12

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

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

BK Technologies Corp · CIK 0000002186 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · Group Member

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: 50,000

Underlying: Common Stock · 50,000 shares

Expires 2022-04-16

F7 · shares: Represents a call option to purchase shares of Common Stock, for a purchase price of $6.00 per share, acquired by Fundamental Global Investors, LLC, on behalf of the funds managed by it, from FMG pursuant to the Purchase Agreement. The shares subject to the call option may be acquired at any time during the two-year period beginning on the date of the Purchase Agreement, ending at 5:00 p.m. Eastern time on April 16, 2022.The aggregate purchase price for the call option acquired pursuant to the Purchase Agreement was $100,000.

F7 · balance_after: Represents a call option to purchase shares of Common Stock, for a purchase price of $6.00 per share, acquired by Fundamental Global Investors, LLC, on behalf of the funds managed by it, from FMG pursuant to the Purchase Agreement. The shares subject to the call option may be acquired at any time during the two-year period beginning on the date of the Purchase Agreement, ending at 5:00 p.m. Eastern time on April 16, 2022.The aggregate purchase price for the call option acquired pursuant to the Purchase Agreement was $100,000.

SEC source: 0001104659-20-047735 · tm2016040-1_4.xml · derivative · entry 11

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

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

BK Technologies Corp · CIK 0000002186 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · Group Member

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

10b5-1 filing: Not disclosed

Ownership: Indirect · Fundamental Global Partners Master Fund, LP

Disclosed balance after: 50,000

Underlying: Common Stock · 50,000 shares

Expires 2022-04-16

F7 · shares: Represents a call option to purchase shares of Common Stock, for a purchase price of $6.00 per share, acquired by Fundamental Global Investors, LLC, on behalf of the funds managed by it, from FMG pursuant to the Purchase Agreement. The shares subject to the call option may be acquired at any time during the two-year period beginning on the date of the Purchase Agreement, ending at 5:00 p.m. Eastern time on April 16, 2022.The aggregate purchase price for the call option acquired pursuant to the Purchase Agreement was $100,000.

F7 · balance_after: Represents a call option to purchase shares of Common Stock, for a purchase price of $6.00 per share, acquired by Fundamental Global Investors, LLC, on behalf of the funds managed by it, from FMG pursuant to the Purchase Agreement. The shares subject to the call option may be acquired at any time during the two-year period beginning on the date of the Purchase Agreement, ending at 5:00 p.m. Eastern time on April 16, 2022.The aggregate purchase price for the call option acquired pursuant to the Purchase Agreement was $100,000.

SEC source: 0001104659-20-047735 · tm2016040-1_4.xml · nonDerivative · entry 5

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

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

BK Technologies Corp · CIK 0000002186 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · Group Member

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: 788,199

F8 · price: The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.70 and $4.75 per share. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 2,961,386 shares of Common Stock (including 100,000 shares that may be acquired pursuant to a call option), which represent approximately 48.8% of the Company's outstanding shares of Common Stock. Fundamental Global Investors, LLC may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by Fundamental Global Partners Master Fund, LP ("FGPM"), FGI Global Asset Allocation Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: In addition, CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 69,710 shares of Common Stock for the accounts of individual investors (excluding shares held in CWA accounts for other Reporting Persons, which are separately reported on this form), which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 7,141 shares of Common Stock and restricted stock units representing the right to receive 16,294 shares of Common Stock upon vesting. In addition, Mr. Moglia holds 16,216 shares of Common Stock through trusts.

F5 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara, Lewis M. Johnson and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by FGPM, FGAA, FGGM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. Due to their positions with BTN, Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara and Johnson may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by BTN. 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: 0001104659-20-047735 · tm2016040-1_4.xml · nonDerivative · entry 4

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

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

BK Technologies Corp · CIK 0000002186 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · Group Member

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

10b5-1 filing: Not disclosed

Ownership: Indirect · Fundamental Global Partners Master Fund, LP

Disclosed balance after: 547,668

F8 · price: The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.70 and $4.75 per share. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 2,961,386 shares of Common Stock (including 100,000 shares that may be acquired pursuant to a call option), which represent approximately 48.8% of the Company's outstanding shares of Common Stock. Fundamental Global Investors, LLC may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by Fundamental Global Partners Master Fund, LP ("FGPM"), FGI Global Asset Allocation Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: In addition, CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 69,710 shares of Common Stock for the accounts of individual investors (excluding shares held in CWA accounts for other Reporting Persons, which are separately reported on this form), which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 7,141 shares of Common Stock and restricted stock units representing the right to receive 16,294 shares of Common Stock upon vesting. In addition, Mr. Moglia holds 16,216 shares of Common Stock through trusts.

F5 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara, Lewis M. Johnson and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by FGPM, FGAA, FGGM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. Due to their positions with BTN, Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara and Johnson may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by BTN. 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: 0001104659-20-047735 · tm2016040-1_4.xml · nonDerivative · entry 3

Fundamental Global Investors, LLC · CIK 0001591508 · Director · 10% owner

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

BK Technologies Corp · CIK 0000002186 · 10% owner

Cerminara Kyle · CIK 0001619991 · Director · 10% owner

Johnson Lewis M · CIK 0001619951 · Director · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · Group Member

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

10b5-1 filing: Not disclosed

Ownership: Indirect · Fundamental Global Partners Master Fund, LP

Disclosed balance after: 532,656

F1 · balance_after: The Reporting Persons beneficially own in the aggregate 2,961,386 shares of Common Stock (including 100,000 shares that may be acquired pursuant to a call option), which represent approximately 48.8% of the Company's outstanding shares of Common Stock. Fundamental Global Investors, LLC may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by Fundamental Global Partners Master Fund, LP ("FGPM"), FGI Global Asset Allocation Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP ("FGIH") and Ballantyne Strong, Inc. ("BTN").

F2 · balance_after: In addition, CWA, of which 50% is owned by Fundamental Global Investors, LLC, holds 69,710 shares of Common Stock for the accounts of individual investors (excluding shares held in CWA accounts for other Reporting Persons, which are separately reported on this form), which represent approximately 1.1% of the Company's outstanding shares of Common Stock. Messrs. Cerminara and Johnson also each hold 7,141 shares of Common Stock and restricted stock units representing the right to receive 16,294 shares of Common Stock upon vesting. In addition, Mr. Moglia holds 16,216 shares of Common Stock through trusts.

F5 · balance_after: Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara, Lewis M. Johnson and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by FGPM, FGAA, FGGM, FAFI and FGIH and the shares of Preferred Stock disclosed as directly owned by FGPM. Due to their positions with BTN, Fundamental Global Investors, LLC and affiliated entities, Messrs. Cerminara and Johnson may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by BTN. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.