Form 4 for BKTI BK Technologies Corp
Accepted 2024-01-26 00:00:00 ET · period of report 2024-01-24 · accession 0000950170-24-008069 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| I | 2024-01-26 | 2024-01-24 | BKTI | BK Technologies Holdings, LLC | 10% | J - Other | $12.55 | -52.0K | 272.4K | -16% | -$652.6K |
| I | 2024-01-26 | 2024-01-26 | BKTI | BK Technologies Holdings, LLC | 10% | S - Sale | $13.00 | -2,454 | 269.9K | -0.9% | -$31.9K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, par value $0.60 per share | 2024-01-24 | J | D | 52,000 | $12.55 | 272,388 | I BK Technologies Holdings, LLC | — | — | (F1) On January 24, 2024, Fundamental Global GP, LLC ("FGGP") entered into an Agreement ("Agreement") with the Company, pursuant to which FGGP delivered 52,000 shares of the Company's Common Stock to the Company, as settlement of the full withdrawal and redemption proceeds with respect to the Series B Common limited liability company membership interest in FG Financial Holdings, LLC held by the Company. (F3) Due to his position with FGGP and affiliated entities, Mr. D. Kyle Cerminara may be deemed to be beneficial owner of the shares of Common Stock disclosed as directly owned by BKTH and FGHP. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein. In addition, Mr. Cerminara also holds additional shares of Common Stock. (F2) The partnerships managed by FGGP beneficially own in the aggregate 486,709 shares of Common Stock, which represent approximately 14.1% of the Company's outstanding shares of Common Stock. FGGP may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by BK Technologies Holdings, LLC ("BKTH") and Fundamental Global Holdings, LP ("FGHP"). |
| 2 | Common | Common Stock, par value $0.60 per share | 2024-01-26 | S | D | 2,454 | $13.00 | 269,934 | I BK Technologies Holdings, LLC | — | — | (F4) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $13.00 to $13.04 inclusive. The Reporting Persons undertake to provide to the Company, any security holder of the Company or the staff of the U.S. Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares of Common Stock sold at each separate price within the range set forth above. (F3) Due to his position with FGGP and affiliated entities, Mr. D. Kyle Cerminara may be deemed to be beneficial owner of the shares of Common Stock disclosed as directly owned by BKTH and FGHP. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein. In addition, Mr. Cerminara also holds additional shares of Common Stock. (F2) The partnerships managed by FGGP beneficially own in the aggregate 486,709 shares of Common Stock, which represent approximately 14.1% of the Company's outstanding shares of Common Stock. FGGP may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by BK Technologies Holdings, LLC ("BKTH") and Fundamental Global Holdings, LP ("FGHP"). |