BK Technologies Corp — Director's Dealing 2022

Dec 1, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BK Technologies Corp (BKTI)
CIK: 0000002186
Period of Report: 2022-11-28

Reporting Person: Fundamental Global GP, LLC (10% Owner)
Reporting Person: Cerminara Kyle (Director, 10% Owner)
Reporting Person: MOGLIA JOSEPH H (10% Owner)
Reporting Person: BK Technologies Holdings, LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-11-28	Common Stock, par value $0.60 per share	P	42880	$2.75	Acquired	1587318	Indirect
2022-11-29	Common Stock, par value $0.60 per share	P	7120	$2.73	Acquired	1594438	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.60 per share	1083875	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $2.655 to $2.75, 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 purchased at each separate price within the range set forth above.

F2: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $2.68 to $2.78, inclusive. The Reporting Persons undertake to provide to the Company, any security holder of the Company or the staff of the SEC, upon request, full information regarding the number of shares of Common Stock purchased at each separate price within the range set forth above.

F3: The funds managed by Fundamental Global GP, LLC ("FGGP") beneficially own in the aggregate 2,678,313 shares of Common Stock, which represent approximately 15.8% 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"). On August 1, 2021, the investment management agreements for FGI Global Asset Allocation Master Fund, LP ("FGGM") and Fundamental Global Capital Appreciation Fund, LP ("FGCA") were assigned to CW Institutional, LLC and EverStar Asset Management, LLC, respectively, and no Reporting Person has voting or investment power over the 106,383 and 8,710 shares of the Company's Common Stock that were previously reported by FGGM and FGCA, respectively.

F4: 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 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. Moglia holds 845,813 shares of Common Stock indirectly through trusts, Moglia Capital, LLC and the Moglia Family Foundation. Mr. Cerminara also holds additional shares of Common Stock.

F5: This amount includes the 1,544,438 shares previously reported as directly beneficially owned by BKTH. On January 6, 2022, BKTH transferred to Fundamental Activist Fund I, LP ("FAFI") the 1,544,438 shares that were contributed to BKTH on November 28, 2022. FAFI owns membership interests in BKTH and may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by BKTH.