12/12/2025 | Press release | Distributed by Public on 12/12/2025 20:58
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Common Stock Purchase Warrant | $5 | 09/05/2025 | 09/05/2035 | Common Stock | 225,000 | 225,000 | I | By Cerminara Capital LLC | |||||||
| Pre - Funded Common Stock Purchase Warrant | $0.001 | 09/05/2025 | 09/05/2025 | X(3) | 200,000 | 09/05/2025 | 09/05/2025 | Common Stock | 200,000 | $4.99 | 0 | I | By Cerminara Capital LLC | ||
| Pre - Funded Common Stock Purchase Warrant | $0.001 | 09/05/2025 | 09/05/2025 | X(3) | 100,000 | 09/05/2025 | 09/05/2025 | Common Stock | 100,000 | $4.99 | 0 | D | |||
| Pre - Funded Common Stock Purchase Warrant | $0.001 | 09/05/2025 | 09/05/2025 | X(3) | 100,000 | 09/05/2025 | 09/05/2025 | Common Stock | 100,000 | $4.99 | 0 | I | Fundamental Global Holdings LLC | ||
| Pre - Funded Common Stock Purchase Warrant | $0.001 | 09/05/2025 | 09/05/2025 | X(3) | 200,000 | 09/05/2025 | 09/05/2025 | Common Stock | 200,000 | $4.99 | 0 | I | FG Financial Holdings, LLC | ||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Cerminara Kyle C/O FG NEXUS INC. 6408 BANNINGTON RD CHARLOTTE, NC 28226 |
X | X | CEO and Chairman | |
| /s/ Kyle Cerminara | 12/12/2025 | |
| **Signature of Reporting Person | Date | |
| By: /s/ Cerminara Capital LLC | 12/12/2025 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director fee payment in lieu of cash. All RSUs vested on grant date. Each RSU represents a contingent right to receive one share of common stock of the Company. |
| (2) | FG Financial Holdings LLC ("FGFH") and Fundamental Global Holdings LLC ("FGH") beneficially own in the aggregate 529,965 and 100,000 shares of FG Nexus Common Stock, respectively. Fundamental Global GP LLC ("FGGP"), which is an affiliate of FGFH and FGH, may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH and FGH. Due to Mr. Cerminara's position with FGGP and affiliated entities, Mr. Cerminara may be deemed to be beneficial owner of the securities disclosed as directly owned by FGFH and FGH. Mr. Cerminara disclaims beneficial ownership of the shares of FG Common Stock beneficially owned by FGFH, FGH, and FGGP except to the extent of his pecuniary interest therein. |
| (3) | The Pre-Funded Common Stock Purchase Warrants were exercised automatically on September 5, 2025 upon the effectiveness of articles of amendment to the Company's amended and restated articles of incorporation. |