Kyle Cerminara - Jul 1, 2022 Form 4 Insider Report for BALLANTYNE STRONG, INC. (FGH)

Role: Director, 10%+ Owner
Signature: /s/ D. Kyle Cerminara
Stock symbol: FGH
Transactions as of: Jul 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 7/6/2022, 05:59 PM
Previous filing: Mar 3, 2022
Next filing: Aug 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FGH	Common Stock	Award	$0	+20.8K	+5.88%	$0.00	375K	Jul 1, 2022	Direct	F2, F3
holding	FGH	Common Stock						7.54K	Jul 1, 2022	By 401(k) Plan
holding	FGH	Common Stock						11.2K	Jul 1, 2022	By Spouse
holding	FGH	Common Stock						4.22K	Jul 1, 2022	By Minor Children
holding	FGH	Common Stock						4.92M	Jul 1, 2022	Fundamental Global	F1

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	FGH	Stock Options (Right to Buy)						50K	Jul 1, 2022	Common Stock	50K	$4.70	Direct	F4
holding	FGH	Stock Options (Right to Buy)						30K	Jul 1, 2022	Common Stock	30K	$2.89	Direct	F5

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

Explanation of Responses:

Id	Content
F1	Held by the Fundamental Global entities. Due to his positions with Fundamental Global GP, LLC, and other Fundamental Global entities, Mr. Cerminara may be deemed to be a beneficial owner of the shares of Common Stock held by Fundamental Global. Mr. Cerminara disclaims beneficial ownership of the shares referred to herein except to the extent of his pecuniary interest therein.
F2	Restricted Stock Units (RSUs) granted as non-employee director compensation pursuant to the 2017 Omnibus Equity Compensation Plan. These RSUs will vest in full on the first anniversary of the grant date, July 1, 2022, subject to continuous service through such vesting date.
F3	Includes remaining 9,554 unvested RSUs granted on July 1, 2020, as non-employee director compensation pursuant to the 2017 Omnibus Equity Compensation Plan. These RSUs vest 1/3 each year beginning on the first anniversary of the grant date, subject to continuous service through such vesting dates.
F4	Stock Options granted under the Company's 2017 Omnibus Equity Compensation Plan. These Stock Options become exercisable 1/5 each year beginning on the first anniversary of the grant date, January 26, 2018.
F5	Stock Options granted under the Company's 2017 Omnibus Equity Compensation Plan. These Stock Options become exercisable 1/5 each year beginning on the first anniversary of the grant date, June 6, 2019.