Cerminara Kyle 4
4 · FG Nexus Inc. · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
FG Nexus (FGNX) CEO Kyle Cerminara Receives RSU Award
What Happened Kyle Cerminara, CEO, chairman and a director of FG Nexus Inc. (FGNX), received awards of restricted stock units (RSUs) on April 8, 2026 totaling 14,587 RSUs. The filing shows two grants: 4,214 RSUs granted and vested on the grant date (price $0.00) and 10,373 RSUs granted at $0.00 that are unvested. RSUs are contingent rights to receive one share of common stock per RSU; no cash changed hands for these awards.
Key Details
- Transaction date: April 8, 2026; Form 4 filed April 9, 2026 (timely filing).
- Grants: 4,214 RSUs (vested on grant date) and 10,373 RSUs (unvested).
- Reported price: $0.00 per RSU (standard for RSU grants); reported cash value = $0 on the Form 4.
- Vesting: The 10,373 RSUs vest in five equal annual installments beginning on the first anniversary of the grant (per filing footnote).
- Ownership note: The filing discloses affiliated entities (FG Financial Holdings LLC and Fundamental Global Holdings LLC) hold 105,993 and 20,000 shares, respectively; due to his role with affiliated entities, Mr. Cerminara may be deemed a beneficial owner of those shares but disclaims beneficial ownership except to the extent of any pecuniary interest.
Context RSUs are a form of equity compensation — vested RSUs typically convert into shares (subject to any tax withholding) and unvested RSUs require continued service to vest. Grants and director compensation via RSUs are common and do not by themselves indicate buying or selling sentiment; they reflect company compensation decisions.
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-08+4,214→ 36,550 total - Award
Common Stock
[F2][F3]2026-04-08+10,373→ 46,923 total
- 60(indirect: By 401(k))
Common Stock
- 90(indirect: By Spouse)
Common Stock
- 33(indirect: By Children)
Common Stock
- 40,000(indirect: By LLC)
Common Stock
- 105,993(indirect: By LLC)
Common Stock
[F4] - 20,000(indirect: By LLC)
Common Stock
[F4] - 45,000(indirect: By LLC)
Common Stock Purchase Warrant
Exercise: $5.00From: 2025-09-05Exp: 2035-09-05→ Common Stock (45,000 underlying)
Footnotes (4)
- [F1]Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director fee payment in lieu of cash. All RSUs vested on grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.
- [F2]Represents RSUs granted under the 2021 Equity Incentive Plan as director compensation. RSUs vest in five annual equal instalments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.
- [F3]Includes 10,373 unvested RSUs granted on April 8, 2026 under the 2021 Equity Incentive Plan as director compensation.
- [F4]FG Financial Holdings LLC ("FGFH") and Fundamental Global Holdings LLC ("FGH") beneficially own in the aggregate 105,993 and 20,000 shares of FG Nexus Common Stock, respectively. Fundamental Global GP LLC ("FGGP"), which is an affiliate of FGFH and FGH, may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH and FGH. Due to Mr. Cerminara's position with FGGP and affiliated entities, Mr. Cerminara may be deemed to be beneficial owner of the securities disclosed as directly owned by FGFH and FGH. Mr. Cerminara disclaims beneficial ownership of the shares of FG Common Stock beneficially owned by FGFH, FGH, and FGGP except to the extent of his pecuniary interest therein.