<SEC-DOCUMENT>0001641172-25-022835.txt : 20250808
<SEC-HEADER>0001641172-25-022835.hdr.sgml : 20250808
<ACCEPTANCE-DATETIME>20250808173918
ACCESSION NUMBER:		0001641172-25-022835
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250804
FILED AS OF DATE:		20250808
DATE AS OF CHANGE:		20250808

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Vujinovic Maja
		CENTRAL INDEX KEY:			0002080140
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36366
		FILM NUMBER:		251199612

	MAIL ADDRESS:	
		STREET 1:		108 GATEWAY BLVD
		STREET 2:		SUITE 204
		CITY:			MOORESVILLE
		STATE:			NC
		ZIP:			28117

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Fundamental Global Inc.
		CENTRAL INDEX KEY:			0001591890
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		ORGANIZATION NAME:           	02 Finance
		EIN:				461119100
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		104 S. WALNUT STREET
		STREET 2:		UNIT 1A
		CITY:			ITASCA
		STATE:			IL
		ZIP:			60143
		BUSINESS PHONE:		(847)-773-1665

	MAIL ADDRESS:	
		STREET 1:		104 S. WALNUT STREET
		STREET 2:		UNIT 1A
		CITY:			ITASCA
		STATE:			IL
		ZIP:			60143

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FG Financial Group, Inc.
		DATE OF NAME CHANGE:	20201214

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	1347 Property Insurance Holdings, Inc.
		DATE OF NAME CHANGE:	20131113
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>ownership.xml
<DESCRIPTION>3
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2025-08-04</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001591890</issuerCik>
        <issuerName>Fundamental Global Inc.</issuerName>
        <issuerTradingSymbol>FGF</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002080140</rptOwnerCik>
            <rptOwnerName>Vujinovic Maja</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O FUNDAMENTAL GROUP LLC</rptOwnerStreet1>
            <rptOwnerStreet2>6408 BANNINGTON ROAD</rptOwnerStreet2>
            <rptOwnerCity>CHARLOTTE</rptOwnerCity>
            <rptOwnerState>NC</rptOwnerState>
            <rptOwnerZipCode>28226</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Common Stock Purchase Warrant</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>5.00</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>170000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Exercise subject to the latter of the (i) effectiveness of articles of amendment to the Company's amended and restated articles of incorporation to increase authorized shares to 1,000,000,000 and (ii) 21st day following final information statement for Nasdaq Rule 5635(d) approval (the &quot;Initial Exercise Date&quot;).</footnote>
        <footnote id="F2">Expires ten years from Initial Exercise Date. Exercise limited to 50% of warrant shares until Company purchases $150 million in Ethereum tokens.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Maja Vujinovic</signatureName>
        <signatureDate>2025-08-08</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
