Ownership Submission

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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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(Print or Type Responses)

1. Name and Address of Reporting Person * Fundamental Global GP, LLC 2. Issuer Name and Ticker or Trading Symbol Fundamental Global Inc. [FGF] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O FUNDAMENTAL GLOBAL GP, LLC, 108 GATEWAY BLVD., SUITE 204 3. Date of Earliest Transaction (Month/Day/Year) 11/19/2024 (Street) MOORESVILLE, NC 28117 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 321,965(1)(2)(7) I FG Financial Holdings, LLC Common Stock 11/19/2024 P 5,000 A $35.86(3) 326,965(7) I FG Financial Holdings, LLC 8.00% Cumulative Preferred Stock, Series A, $25.00 par value 11/19/2024 P 3,156 A $17.05(4) 59,287(7) I FG Financial Holdings, LLC 8.00% Cumulative Preferred Stock, Series A, $25.00 par value 11/20/2024 P 4,586 A $16.98(5) 63,873(7) I FG Financial Holdings, LLC 8.00% Cumulative Preferred Stock, Series A, $25.00 par value 11/21/2024 P 2,279 A $17.59(6) 66,152(7) I FG Financial Holdings, LLC

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

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)
Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Director	10% Owner	Officer	Other
Fundamental Global GP, LLC C/O FUNDAMENTAL GLOBAL GP, LLC 108 GATEWAY BLVD., SUITE 204 MOORESVILLE, NC 28117		X
Cerminara Kyle C/O FUNDAMENTAL GLOBAL GP, LLC 108 GATEWAY BOULEVARD, SUITE 204 MOORESVILLE, NC 28117	X	X	CEO and Chairman
MOGLIA JOSEPH H C/O FUNDAMENTAL GLOBAL GP, LLC 108 GATEWAY BOULEVARD, SUITE 204 MOORESVILLE, NC 28117		X
FG Financial Holdings, LLC 108 GATEWAY BLVD., SUITE 204 MOORESVILLE, NC 28117		X

Signatures

FUNDAMENTAL GLOBAL GP, LLC, /S/ D. KYLE CERMINARA, CHIEF EXECUTIVE OFFICER	11/21/2024
**Signature of Reporting Person	Date
FG FINANCIAL HOLDINGS, LLC, /S/ D. KYLE CERMINARA, MANAGER	11/21/2024
**Signature of Reporting Person	Date
FG FINANCIAL HOLDINGS, LLC, /S/ RYAN R. K. TURNER, MANAGER	11/21/2024
**Signature of Reporting Person	Date
/S/ D. KYLE CERMINARA	11/21/2024
**Signature of Reporting Person	Date
/S/ JOSEPH H. MOGLIA	11/21/2024
**Signature of Reporting Person	Date

Explanation of Responses:

*	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 the total number of shares of the Issuer's common stock held by the Reporting Persons following the Issuer's 1-for-25 reverse stock split, which was effective as of October 31, 2024. Prior to the reverse stock split, the Reporting Persons held a total of 8,049,136 shares of the Issuer's common stock.
(2)	Includes (on a pre-reverse stock split basis) 4,284,334 shares of the Issuer's common stock and 853,619 shares of the Issuer's common stock that were previously reported as being held by Ballantyne Strong Holdings LLC ("BTN Holdings") and by Fundamental Global Holdings LP ("FGHP"), respectively. On July 1, 2024, the shares that were previously reported as being held by BTN Holdings and by FGHP were transferred to FG Financial Holdings LLC ("FGFH"). The transfers did not result in a change in beneficial ownership.
(3)	The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $34.25 to $36.94, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares of the Issuer's common stock purchased at each separate price within the range set forth above.
(4)	The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $16.95 to $17.47, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares of the Issuer's common stock purchased at each separate price within the range set forth above.
(5)	The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $16.55 to $17.00, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares of the Issuer's common stock purchased at each separate price within the range set forth above.
(6)	The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $17.00 to $18.60, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares of the Issuer's common stock purchased at each separate price within the range set forth above.
(7)	The partnerships managed by Fundamental Global GP, LLC ("FGGP"), including FGFH, beneficially own in the aggregate 66,152 shares of the Issuer's Preferred Stock and 326,965 shares of the Issuer's common stock. FGGP may be deemed to be a beneficial owner of the securities disclosed as directly owned by FGFH. Due to their positions with FGGP and affiliated entities, Messrs. D. Kyle Cerminara and Joseph H. Moglia may be deemed to be beneficial owners of the securities disclosed as directly owned by FGFH. Each Reporting Person disclaims beneficial ownership of the shares of the Issuer's Preferred Stock and common stock beneficially owned by FGGP except to the extent of his or its pecuniary interest therein.

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