FG Nexus (FGNX) CEO Kyle Cerminara Receives RSU Award (4,103 Shares)

What Happened

• Kyle Cerminara, CEO, Chairman and a director of FG Nexus, was granted 4,103 restricted stock units (RSUs) on July 10, 2026. The award was recorded as an acquisition at $0 per unit (transaction code A). According to the filing, these RSUs vested on the grant date and each RSU represents a contingent right to receive one share of FG Nexus common stock.

Key Details

• Transaction date: July 10, 2026; Form 4 filed: July 13, 2026 (timely filing).
• Transaction type/code: Grant/Award (A); price reported $0.00 (no cash paid).
• Shares involved: 4,103 RSUs granted and vested on grant.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: RSUs were granted as director fee payment in lieu of cash and vested on grant; each RSU = right to one common share.
  • F2: Filing also references 10,373 unvested RSUs granted April 8, 2026 that vest in five equal annual installments starting April 8, 2027, subject to continued service.
  • F3: Affiliates FG Financial Holdings LLC and Fundamental Global Holdings LLC beneficially own large stakes; Mr. Cerminara may be deemed to have indirect interests through affiliated entities but disclaims beneficial ownership except to the extent of any pecuniary interest.
• No tax withholding sale, open‑market purchase, or exercise reported in this filing.

Context

• This was an equity award (RSUs) reported as an acquisition at $0 because it was compensation rather than a cash purchase. Because the RSUs vested on grant, Mr. Cerminara has the immediate contingent right to receive the underlying shares (subject to settlement mechanics). Such awards are compensation and don’t necessarily indicate a purchase decision by the insider.