HRT FINANCIAL LP sells Lion Group Holding (LGHL) shares in two trades

Rhea-AI Filing Summary

Lion Group Holding Ltd reported that HRT FINANCIAL LP, identified as a ten percent owner, sold a total of 34,989 shares of common stock in two transactions. The sales occurred on July 21, 2026 (31,226 shares at $1.46) and July 22, 2026 (3,763 shares at $1.36) in open market or private transactions. The Rule 10b5-1 trading plan checkbox was not marked.

Insider Trade Summary

Net Seller: 34,989 shares

Net Sell 2 txns

Insider HRT FINANCIAL LP

Role 10% Owner

Sold 34,989 shs ($51K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,763	$1.36	$5K
Sale	Common Stock	31,226	$1.46	$46K

Holdings After Transaction: Common Stock — 63,695 shares (Direct)

Key Figures

Total shares sold: 34,989 shares Shares sold on July 21, 2026: 31,226 shares Price on July 21, 2026: $1.46 per share +2 more

5 metrics

Total shares sold 34,989 shares Aggregate Lion Group common stock sold by HRT FINANCIAL LP across both reported transactions

Shares sold on July 21, 2026 31,226 shares Common stock sold by HRT FINANCIAL LP on July 21, 2026

Price on July 21, 2026 $1.46 per share Per-share sale price for 31,226 Lion Group common shares on July 21, 2026

Shares sold on July 22, 2026 3,763 shares Common stock sold by HRT FINANCIAL LP on July 22, 2026

Price on July 22, 2026 $1.36 per share Per-share sale price for 3,763 Lion Group common shares on July 22, 2026

Key Terms

ten percent owner, Rule 10b5-1, open market or private transaction

3 terms

ten percent owner regulatory

"HRT FINANCIAL LP is identified as a ten percent owner."

Rule 10b5-1 regulatory

"The Rule 10b5-1 trading plan checkbox was not marked."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

open market or private transaction financial

"Sale in open market or private transaction is the code description."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/23/2026 - 03:17 PM Accepted by SEC EDGAR 07/23/2026 - 03:16 PM Learn about SEC filing dates

FAQ

What insider transaction did HRT FINANCIAL LP report for LGHL?

HRT FINANCIAL LP reported selling 34,989 Lion Group Holding common shares. The ten percent owner sold 31,226 shares at $1.46 and 3,763 shares at $1.36 in open market or private transactions on July 21–22, 2026.

On what dates were the LGHL shares sold by HRT FINANCIAL LP?

The reported LGHL share sales occurred on July 21, 2026 and July 22, 2026. Both transactions involved common stock sales in open market or private transactions, as disclosed in the insider trading report for Lion Group Holding.

What prices did HRT FINANCIAL LP receive for its LGHL share sales?

HRT FINANCIAL LP sold LGHL common shares at $1.46 per share on July 21, 2026, and $1.36 per share on July 22, 2026. These per-share prices apply to 31,226 and 3,763 shares sold, respectively.

How many LGHL shares did HRT FINANCIAL LP sell in each transaction?

HRT FINANCIAL LP sold 31,226 LGHL common shares on July 21, 2026, and 3,763 shares on July 22, 2026. Together, these open market or private transactions total 34,989 shares of Lion Group Holding.

Was the LGHL insider sale by HRT FINANCIAL LP under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 trading plan checkbox was not marked for these LGHL transactions. The report characterizes the trades simply as sales in open market or private transactions, without indicating an active 10b5-1 trading plan.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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 for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HRT FINANCIAL LP

(Last) (First) (Middle)

3 WORLD TRADE CENTER, 175 GREENWICH STRE

76TH FLOOR

(Street)

NEW YORK NEW YORK 10007

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

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

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

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

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	07/21/2026		S		31,226	D	$1.46	67,458	D
Common Stock	07/22/2026		S		3,763	D	$1.36	63,695	D

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 Securities Underlying Derivative Security (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: 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

Explanation of Responses:

	Adam Nunes	07/23/2026
	** 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 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).
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 4: SEC 1474 (03-26)