Mark E. Schwarz - May 31, 2022 Form 4 Insider Report for HALLMARK FINANCIAL SERVICES INC (HALL)

Role: Chairman & CEO, Director, 10%+ Owner
Signature: Steven D. Davidson as Attorney-in-Fact for each Reporting Person
Stock symbol: HALL
Transactions as of: May 31, 2022
Transactions value $: $1,049
Form type: 4
Date filed: 6/2/2022, 04:48 PM
Previous filing: May 26, 2022
Next filing: Jun 9, 2022

This filing has been restated, see here for the amended filing

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HALL	Common Stock	Purchase	$1.05K	+1.18K	+0.04%	$0.89	3.08M	May 31, 2022	Directly owned by Newcastle Partners, L.P.	F1
holding	HALL	Common Stock						141K	May 31, 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	HALL	Director Stock Option (right to buy)						40K	May 31, 2022	Common Stock	40K	$3.95	Direct
holding	HALL	Director Stock Option (right to buy)						15K	May 31, 2022	Common Stock	15K	$3.11	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Mr. Schwarz is the sole trustee of the Schwarz 2012 Family Trust (the "Trust") and a director and officer of NCM Services, Inc. ("NCMS"). The Trust is the sole shareholder of NCMS, which is the sole member of Newcastle Capital Group, L.L.C. ("NCG"), which is the general partner of Newcastle Capital Management, L.P. ("NCM"), which is the general partner of Newcastle Partners, L.P. ("NP"). Accordingly, Mr. Schwarz may be deemed the beneficial owner of all shares held by any of the Trust, NCMS, NCG, NCM or NP.

Content

Mr. Schwarz is the sole trustee of the Schwarz 2012 Family Trust (the "Trust") and a director and officer of NCM Services, Inc. ("NCMS"). The Trust is the sole shareholder of NCMS, which is the sole member of Newcastle Capital Group, L.L.C. ("NCG"), which is the general partner of Newcastle Capital Management, L.P. ("NCM"), which is the general partner of Newcastle Partners, L.P. ("NP"). Accordingly, Mr. Schwarz may be deemed the beneficial owner of all shares held by any of the Trust, NCMS, NCG, NCM or NP.