Ray Boegner - May 18, 2023 Form 4/A - Amendment Insider Report for Strong Global Entertainment, Inc. (SGE)

Role
President
Signature
/s/ Ray F. Boegner
Stock symbol
SGE
Transactions as of
May 18, 2023
Transactions value $
-$28,732
Form type
4/A - Amendment
Date filed
5/23/2023, 04:10 PM
Date Of Original Report
May 19, 2023
Previous filing
May 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGE Class A Common Voting Shares Award +25K 25K May 18, 2023 Direct F1, F2
transaction SGE Class A Common Voting Shares Tax liability -$28.7K -7.2K -28.8% $3.99 17.8K May 18, 2023 Direct F3, F5

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
transaction SGE Restricted Stock Unit Award $0 +25K $0.00 25K May 18, 2023 Class A Common Voting Shares 25K Direct F1, F2
transaction SGE Restricted Stock Unit Options Exercise $0 -25K -100% $0.00* 0 May 18, 2023 Class A Common Voting Shares 25K Direct F1, F2
transaction SGE Restricted Stock Unit Award $0 +25K $0.00 25K May 18, 2023 Class A Common Voting Shares 25K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") granted pursuant to the 2023 Share Compensation Plan of Strong Global Entertainment, Inc. (the "Issuer"). Each RSU represents the right to receive, following vesting, one Class A Common Voting Share of the Issuer.
F2 These RSUs were granted on May 18, 2023, the completion of the Issuer's initial public offering, and vested immediately.
F3 Represents the number of Class A Common Voting Shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the RSUs and does not represent a sale.
F4 These RSUs were granted on May 18, 2023, the completion of the Issuer's initial public offering, and will vest in one-third annual installments, beginning on the first anniversary of the grant date, subject to continued employment.
F5 On May 18, 2023, the Issuer inadvertently overwithheld the number of Class A Common Voting Shares in net settlement of the RSUs described in footnote 2. On May 22, 2023, the Issuer corrected this error, effective as of May 18, 2023. The original Form 4, filed on May 19, 2023, is being amended by this form 4 amendment solely to reflect the correct number of Class A Common Voting Shares withheld in net settlement of such RSUs.