Lion Group Holding (LGHL) director Choi Chi Fai submits initial Form 3

Rhea-AI Filing Summary

Lion Group Holding Ltd filed an initial insider ownership report for director Choi Chi Fai on Form 3. The filing identifies Choi as a director subject to insider reporting requirements but does not report any transactions in Lion Group Holding Ltd securities or any derivative positions.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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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1. Name and Address of Reporting Person^*

Choi Chi Fai

(Last) (First) (Middle)

10 UBI CRESCENT

(Street)

SINGAPORE 408574

(City) (State) (Zip)

SINGAPORE

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Lion Group Holding Ltd [ LGHL ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

No securities are beneficially owned.

	/s/ Choi Chi Fai	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Lion Group Holding Ltd (LGHL) Form 3 for Choi Chi Fai show?

The Form 3 identifies Choi Chi Fai as a director of Lion Group Holding Ltd and establishes their status as an insider. It serves as an initial ownership report but does not list any transactions or derivative positions in LGHL securities.

Does the LGHL Form 3 for Choi Chi Fai report any share transactions?

No, the Form 3 for Choi Chi Fai reports no share transactions in Lion Group Holding Ltd securities. The transaction summary shows zero buys, zero sells, and zero derivative exercises, indicating only an initial insider reporting status.

Are any derivative securities reported for Choi Chi Fai in the LGHL Form 3?

The Form 3 shows no derivative securities for Choi Chi Fai. The derivative section is empty and the derivative transaction count is zero, indicating no reported options, warrants, or other derivative positions tied to Lion Group Holding Ltd at this time.

What is the net buy or sell activity in the LGHL Form 3 for Choi Chi Fai?

The Form 3 indicates no net buy or sell activity for Choi Chi Fai. Net buy/sell shares are reported as zero and the net direction is neutral, reflecting the absence of any reported transactions in LGHL securities.

Why is a Form 3 filed for Lion Group Holding Ltd director Choi Chi Fai?

A Form 3 is filed to establish initial insider status for Choi Chi Fai at Lion Group Holding Ltd. It is required when someone becomes a director, officer, or significant owner and begins ongoing reporting obligations for future transactions.