Cerminara Kyle 4

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.