FG Financial Holdings, LLC

SEC source: 0000950170-24-131791 · ownership.xml · nonDerivative · entry 2

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

Cerminara Kyle · CIK 0001619991 · Director · CEO and Chairman · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 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: 78,131

F2 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $17.03 to $19.25, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares of the Issuer's common stock purchased at each separate price within the range set forth above.

F3 · balance_after: The partnerships managed by Fundamental Global GP, LLC ("FGGP"), including FG Financial Holdings LLC ("FGFH"), beneficially own in the aggregate 78,131 shares of the Issuer's Preferred Stock and 329,965 shares of the Issuer's common stock. FGGP may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH. 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. Each Reporting Person disclaims beneficial ownership of the shares of the Issuer's Preferred Stock and common stock beneficially owned by FGGP except to the extent of his or its pecuniary interest therein.

SEC source: 0000950170-24-131791 · ownership.xml · nonDerivative · entry 1

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

Cerminara Kyle · CIK 0001619991 · Director · CEO and Chairman · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 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: 329,965

F1 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $28.86 to $33.00, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares of the Issuer's common stock purchased at each separate price within the range set forth above.

F3 · balance_after: The partnerships managed by Fundamental Global GP, LLC ("FGGP"), including FG Financial Holdings LLC ("FGFH"), beneficially own in the aggregate 78,131 shares of the Issuer's Preferred Stock and 329,965 shares of the Issuer's common stock. FGGP may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH. 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. Each Reporting Person disclaims beneficial ownership of the shares of the Issuer's Preferred Stock and common stock beneficially owned by FGGP except to the extent of his or its pecuniary interest therein.

SEC source: 0000950170-24-130583 · ownership.xml · nonDerivative · entry 3

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

Cerminara Kyle · CIK 0001619991 · Director · CEO and Chairman · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 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: 71,131

F2 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $18.33 to $18.50, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares of the Issuer's common stock purchased at each separate price within the range set forth above.

F3 · balance_after: The partnerships managed by Fundamental Global GP, LLC ("FGGP"), including FG Financial Holdings LLC ("FGFH"), beneficially own in the aggregate 71,131 shares of the Issuer's Preferred Stock and 326,965 shares of the Issuer's common stock. FGGP may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH. 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. Each Reporting Person disclaims beneficial ownership of the shares of the Issuer's Preferred Stock and common stock beneficially owned by FGGP except to the extent of his or its pecuniary interest therein.

SEC source: 0000950170-24-130583 · ownership.xml · nonDerivative · entry 2

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

Cerminara Kyle · CIK 0001619991 · Director · CEO and Chairman · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 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: 68,419

F1 · 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 $19.59, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares of the Issuer's common stock purchased at each separate price within the range set forth above.

F3 · balance_after: The partnerships managed by Fundamental Global GP, LLC ("FGGP"), including FG Financial Holdings LLC ("FGFH"), beneficially own in the aggregate 71,131 shares of the Issuer's Preferred Stock and 326,965 shares of the Issuer's common stock. FGGP may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH. 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. Each Reporting Person disclaims beneficial ownership of the shares of the Issuer's Preferred Stock and common stock beneficially owned by FGGP except to the extent of his or its pecuniary interest therein.

SEC source: 0000950170-24-129879 · ownership.xml · nonDerivative · entry 5

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

Cerminara Kyle · CIK 0001619991 · Director · CEO and Chairman · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 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: 66,152

F6 · 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 $18.60, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares of the Issuer's common stock purchased at each separate price within the range set forth above.

F7 · balance_after: The partnerships managed by Fundamental Global GP, LLC ("FGGP"), including FGFH, beneficially own in the aggregate 66,152 shares of the Issuer's Preferred Stock and 326,965 shares of the Issuer's common stock. FGGP may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH. 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. Each Reporting Person disclaims beneficial ownership of the shares of the Issuer's Preferred Stock and common stock beneficially owned by FGGP except to the extent of his or its pecuniary interest therein.

SEC source: 0000950170-24-129879 · ownership.xml · nonDerivative · entry 4

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

Cerminara Kyle · CIK 0001619991 · Director · CEO and Chairman · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 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: 63,873

F5 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $16.55 to $17.00, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares of the Issuer's common stock purchased at each separate price within the range set forth above.

F7 · balance_after: The partnerships managed by Fundamental Global GP, LLC ("FGGP"), including FGFH, beneficially own in the aggregate 66,152 shares of the Issuer's Preferred Stock and 326,965 shares of the Issuer's common stock. FGGP may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH. 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. Each Reporting Person disclaims beneficial ownership of the shares of the Issuer's Preferred Stock and common stock beneficially owned by FGGP except to the extent of his or its pecuniary interest therein.

SEC source: 0000950170-24-129879 · ownership.xml · nonDerivative · entry 3

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

Cerminara Kyle · CIK 0001619991 · Director · CEO and Chairman · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 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: 59,287

F4 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $16.95 to $17.47, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares of the Issuer's common stock purchased at each separate price within the range set forth above.

F7 · balance_after: The partnerships managed by Fundamental Global GP, LLC ("FGGP"), including FGFH, beneficially own in the aggregate 66,152 shares of the Issuer's Preferred Stock and 326,965 shares of the Issuer's common stock. FGGP may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH. 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. Each Reporting Person disclaims beneficial ownership of the shares of the Issuer's Preferred Stock and common stock beneficially owned by FGGP except to the extent of his or its pecuniary interest therein.

SEC source: 0000950170-24-129879 · ownership.xml · nonDerivative · entry 2

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

Cerminara Kyle · CIK 0001619991 · Director · CEO and Chairman · 10% owner

MOGLIA JOSEPH H · CIK 0001187586 · 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: 326,965

F3 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $34.25 to $36.94, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares of the Issuer's common stock purchased at each separate price within the range set forth above.

F7 · balance_after: The partnerships managed by Fundamental Global GP, LLC ("FGGP"), including FGFH, beneficially own in the aggregate 66,152 shares of the Issuer's Preferred Stock and 326,965 shares of the Issuer's common stock. FGGP may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH. 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. Each Reporting Person disclaims beneficial ownership of the shares of the Issuer's Preferred Stock and common stock beneficially owned by FGGP except to the extent of his or its pecuniary interest therein.

SEC source: 0001493152-24-008587 · ownership.xml · nonDerivative · entry 3

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

Cerminara Kyle · CIK 0001619991 · Director · CEO and Chairman · 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 · Fundamental Global Holdings, LP

Disclosed balance after: 853,619

F1 · price: On January 3, 2024, Fundamental Global Inc. (f/k/a FG Financial Group, Inc., the "Parent"), FG Group LLC (the "Acquiror"), and FG Group Holdings Inc. (the "Company") entered into a Plan of Merger (the "Merger Agreement"), pursuant to which the Company merged with and into the Acquiror, with the Acquiror surviving the merger as a wholly owned subsidiary of the Parent (the "Merger"). On February 29, 2024, at approximately 4:05 PM Eastern time, the effective time of the Merger (the "Effective Time"), all of the outstanding shares of common stock of the Company ("Company Common Stock") were converted into shares of common stock of the Parent ("Parent Common Stock") on a 1:1 basis (the "Exchange Ratio") pursuant to the terms of the Merger Agreement.

F2 · price: Received in the Merger in exchange for an equal number of shares of Company Common Stock.

F4 · balance_after: The partnerships managed by Fundamental Global GP, LLC ("FGGP"), including FGFH, Ballantyne Strong Holdings LLC ("BTN Holdings"), and Fundamental Global Holdings LP ("FGHP"), beneficially owns in the aggregate 56,131 shares of Preferred Stock and 8,049,136 shares of Common Stock. FGGP may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH, BTN Holdings, and FGHP. 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, BTN Holdings, and FGHP. Each Reporting Person disclaims beneficial ownership of the shares of Preferred Stock and Common Stock beneficially owned by FGGP except to the extent of his or its pecuniary interest therein.

SEC source: 0001493152-24-008587 · ownership.xml · nonDerivative · entry 2

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

Cerminara Kyle · CIK 0001619991 · Director · CEO and Chairman · 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 · Ballantyne Strong Holdings, LLC

Disclosed balance after: 4,284,334

F1 · price: On January 3, 2024, Fundamental Global Inc. (f/k/a FG Financial Group, Inc., the "Parent"), FG Group LLC (the "Acquiror"), and FG Group Holdings Inc. (the "Company") entered into a Plan of Merger (the "Merger Agreement"), pursuant to which the Company merged with and into the Acquiror, with the Acquiror surviving the merger as a wholly owned subsidiary of the Parent (the "Merger"). On February 29, 2024, at approximately 4:05 PM Eastern time, the effective time of the Merger (the "Effective Time"), all of the outstanding shares of common stock of the Company ("Company Common Stock") were converted into shares of common stock of the Parent ("Parent Common Stock") on a 1:1 basis (the "Exchange Ratio") pursuant to the terms of the Merger Agreement.

F2 · price: Received in the Merger in exchange for an equal number of shares of Company Common Stock.

F4 · balance_after: The partnerships managed by Fundamental Global GP, LLC ("FGGP"), including FGFH, Ballantyne Strong Holdings LLC ("BTN Holdings"), and Fundamental Global Holdings LP ("FGHP"), beneficially owns in the aggregate 56,131 shares of Preferred Stock and 8,049,136 shares of Common Stock. FGGP may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH, BTN Holdings, and FGHP. 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, BTN Holdings, and FGHP. Each Reporting Person disclaims beneficial ownership of the shares of Preferred Stock and Common Stock beneficially owned by FGGP except to the extent of his or its pecuniary interest therein.

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.