Govignon Richard Edward JR 4
4 · Fundamental Global Inc. · Filed Oct 2, 2024
Insider Transaction Report
Form 4
Govignon Richard Edward JR
Director
Transactions
- Award
Common Stock
2024-09-30+39,375→ 130,013 total - Award
Restricted Stock Unit
2024-09-30+24,999→ 155,012 total
Footnotes (4)
- [F1]On September 30, 2024, in connection with the business combination of Strong Global Entertainment, Inc. ("SGE") with and into Fundamental Global Inc., ("FG")(the "Arrangement"), each share of Class A Common Voting Stock of SGE was exchanged for 1.5 shares of FG common stock (the "Exchange Ratio").
- [F2]Received in the Arrangement Agreement on a 1:1.5 basis.
- [F3]Received in the Arrangement in exchange for Restricted Share Units ("RSUs") convertible into shares of SGE Class A Common Voting Stock ("SGE RSU"). At the Effective Time, each SGE RSU was converted into an RSU to acquire the number of shares of FG Common Stock (an "FG RSU") equal to the product of (i) the number of shares subject to such SGE RSU as of immediately prior to September 30, 2024, multiplied by (ii) the Exchange Ratio.
- [F4]The FG RSUs will vest in full on the first anniversary of the grant date, which was May 21, 2024, subject to continuous service through the vesting date.