Cerminara Kyle 4

What Happened
Kyle Cerminara, CEO, Chairman and director of FG Nexus Inc. (FGNX), was granted 8,359 restricted stock units (RSUs) on February 3, 2026. The Form 4 reports the RSUs as an award/acquisition (code A) with an acquisition price of $0; all RSUs vested on the grant date. Each RSU represents the contingent right to one share of FG Nexus common stock.

Key Details

• Transaction date: 2026-02-03; Form 4 filed 2026-02-04 (timely filing).
• Transaction type: Award/Grant (A).
• Shares granted/vested: 8,359 RSUs; reported acquisition price $0.
• Shares owned after transaction: filing does not specify Mr. Cerminara’s total post-transaction beneficial ownership.
• Footnote: RSUs were granted under the 2021 Equity Incentive Plan as director fee in lieu of cash and vested on grant.
• Ownership disclosure: Affiliates FG Financial Holdings LLC and Fundamental Global Holdings LLC report aggregate holdings of 529,965 and 100,000 shares, respectively; Mr. Cerminara may be deemed a beneficial owner of those affiliates’ holdings by virtue of his positions but disclaims beneficial ownership except to the extent of any pecuniary interest.

Context
This was a compensation award (RSUs) paid in lieu of cash rather than an open-market purchase or sale, so it’s not a direct buy/sell signal. Because the RSUs vested immediately, Mr. Cerminara has the right to receive the underlying shares per the plan terms; the filing does not detail whether shares have been issued or any subsequent sales. The affiliate holdings note is a disclosure of potential deemed beneficial ownership and does not necessarily reflect Mr. Cerminara’s direct holdings.