HRT Financial exits Lion Group Holding (LGHL) with 93,931-share sale

Rhea-AI Filing Summary

HRT FINANCIAL LP, a ten percent owner of Lion Group Holding Ltd, reported selling 93,931 shares of Common Stock on 2026-07-27 at $1.59 per share in a sale classified as an open market or private transaction, and reported holding 0 shares directly afterward. The Rule 10b5-1 trading plan checkbox was not marked.

Insider Trade Summary

Net Seller: 93,931 shares

Net Sell 1 txn

Insider HRT FINANCIAL LP

Role 10% Owner

Sold 93,931 shs ($149K)

Type	Security	Shares	Price	Value
Sale	Common Stock	93,931	$1.59	$149K

Holdings After Transaction: Common Stock — 0 shares (Direct)

Key Figures

Shares sold: 93,931 shares Sale price per share: $1.59 per share Shares held after transaction: 0 shares +1 more

4 metrics

Shares sold 93,931 shares Common Stock sale on 2026-07-27

Sale price per share $1.59 per share Price for the 93,931 shares of Common Stock sold

Shares held after transaction 0 shares Total non-derivative shares reported following the sale

Number of sale transactions 1 transaction Single non-derivative sale coded “S” in the filing

Key Terms

ten percent owner, Sale in open market or private transaction, Rule 10b5-1 trading plan

3 terms

ten percent owner regulatory

"Reporting person is a ten percent owner of the issuer"

Sale in open market or private transaction financial

"Transaction code description: Sale in open market or private transaction"

Rule 10b5-1 trading plan regulatory

"Rule 10b5-1 trading plan checkbox on the insider form is not marked"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

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 07/28/2026 - 04:09 PM Accepted by SEC EDGAR 07/28/2026 - 04:09 PM Learn about SEC filing dates

FAQ

What insider transaction did HRT Financial report in Lion Group (LGHL)?

HRT Financial LP reported a sale of 93,931 Lion Group common shares on 2026-07-27. The transaction was coded as a sale in open market or private transaction, reflecting a full reduction of its reported direct holdings to 0 shares.

How many Lion Group (LGHL) shares did HRT Financial sell and at what price?

HRT Financial LP sold 93,931 shares of Lion Group common stock at $1.59 per share. This single reported transaction on 2026-07-27 represents the entire share amount in the filing, with no additional purchases or derivative exercises disclosed.

Does HRT Financial still own Lion Group (LGHL) shares after this reported sale?

After the transaction, HRT Financial LP reported holding 0 shares of Lion Group common stock directly. The Form 4 lists no remaining non-derivative or derivative positions for this reporting person, indicating no directly reported ownership following the sale.

Was HRT Financial’s Lion Group (LGHL) sale under a Rule 10b5-1 plan?

The Rule 10b5-1 checkbox is not marked, so the sale is not identified as made under a Rule 10b5-1 trading plan. The filing does not include footnotes describing any pre-arranged plan governing the timing or size of this transaction.

What transaction code was used in HRT Financial’s Lion Group (LGHL) filing and what does it mean?

The filing uses transaction code “S”, described as a sale in open market or private transaction. This code classifies the activity as a disposition of common stock rather than a grant, option exercise, gift, or other non-sale event.

What ownership type did HRT Financial report for its Lion Group (LGHL) shares?

The transaction is reported with direct ownership, coded as “D” for the common stock sold. No indirect ownership nature is listed, and after the sale the total directly owned common shares reported by HRT Financial LP are 0.

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

X

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	07/27/2026		S		93,931	D	$1.59	0	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	07/28/2026
	** 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)