FGI · FGI Industries Ltd.

Restricted stock units that vest equally in annual installments over a three year period.

Restricted stock units that vest equally in annual installments over a three year period.

On March 29, 2023, the reporting person was granted an option to purchase ordinary shares. The option was subject to the registrant's satisfaction of certain performance criteria. The option vested with respect to 5,636 shares. The option will vest as to one-third of the 5,636 shares on March 31, 2024, then in 36 equal monthly installments upon completion of each additional month of service.

On March 29, 2023, the reporting person was granted an option to purchase ordinary shares. The option was subject to the registrant's satisfaction of certain performance criteria. The option vested with respect to 5,808 shares. The option will vest as to one-third of the 5,808 shares on March 31, 2024, then in 36 equal monthly installments upon completion of each additional month of service.

On May 11, 2022, the reporting person was granted an option to purchase 84,112 ordinary shares. The option was subject to the registrant's satisfaction of certain performance criteria for the fiscal year ending December 31, 2022. The performance criteria were partially met, resulting in vesting of option of up to 72,673 shares. The option will vest as to one-third of the 72,673 shares on March 31, 2023, then in 36 equal monthly installments upon completion of each additional month of service.

On May 11, 2022, the reporting person was granted an option to purchase 56,075 ordinary shares. The option was subject to the registrant's satisfaction of certain performance criteria for the fiscal year ending December 31, 2022. The performance criteria were partially met, resulting in vesting of option of up to 48,449 shares. The option will vest as to one-third of the 48,449 shares on March 31, 2023, then in 36 equal monthly installments upon completion of each additional month of service.

On May 11, 2022, the reporting person was granted an option to purchase 44,860 ordinary shares. The option was subject to the registrant's satisfaction of certain performance criteria for the fiscal year ending December 31, 2022. The performance criteria were partially met, resulting in vesting of option of up to 38,759 shares. The option will vest as to one-third of the 38,759 shares on March 31, 2023, then in 36 equal monthly installments upon completion of each additional month of service.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

Reflects the weighted average price of 1,300 shares of common stock of FGI Industries Ltd. purchased by the reporting person in multiple transactions on November 2, 2022 with purchase prices ranging from $2.90 to $3.03 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

Reflects the weighted average price of 2,885 shares of common stock of FGI Industries Ltd. purchased by the reporting person in multiple transactions on November 1, 2022 with purchase prices ranging from $2.845 to $2.85 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

Reflects the weighted average price of 2,885 shares of common stock of FGI Industries Ltd. purchased by the reporting person in multiple transactions on October 31, 2022 with purchase prices ranging from $2.70 to $2.87 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

Reflects the weighted average price of 2,696 shares of common stock of FGI Industries Ltd. purchased by the reporting person in multiple transactions on October 28, 2022 with purchase prices ranging from $2.74 to $2.77 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

Reflects the weighted average price of 2,696 shares of common stock of FGI Industries Ltd. purchased by the reporting person in multiple transactions on October 27, 2022 with purchase prices ranging from $2.40 to $2.57 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

Reflects the weighted average price of 1,086 shares of common stock of FGI Industries Ltd. purchased by the reporting person in multiple transactions on October 26, 2022 with purchase prices ranging from $2.53 to $2.55 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

Reflects the weighted average price of 2,696 shares of common stock of FGI Industries Ltd. purchased by the reporting person in multiple transactions on October 25, 2022 with purchase prices ranging from $2.32 to $2.44 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

Reflects the weighted average price of 520 shares of common stock of FGI Industries Ltd. purchased by the reporting person in multiple transactions on October 21, 2022 with purchase prices ranging from $2.25 to $2.35 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.21 to $2.25, inclusive.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.18 to $2.24, inclusive. The reporting person undertakes to provide to FGI Industries Ltd., any security holder of FGI Industries Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

Reflects the weighted average price of 1,000 shares of common stock of FGI Industries Ltd. purchased by the reporting person in multiple transactions on October 17, 2022 with purchase prices ranging from $2.14 to $2.16 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

Reflects the weighted average price of 700 shares of common stock of FGI Industries Ltd. purchased by the reporting person in multiple transactions on October 13, 2022 with purchase prices ranging from $2.25 to $2.26 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

Reflects the weighted average price of 3,959 shares of common stock of FGI Industries Ltd. purchased by the reporting person in multiple transactions on October 11, 2022 with purchase prices ranging from $2.24 to $2.38 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

Reflects the weighted average price of 1,845 shares of common stock of FGI Industries Ltd. purchased by the reporting person in multiple transactions on October 7, 2022 with purchase prices ranging from $2.20 to $2.22 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

Reflects the weighted average price of 2,730 shares of common stock of FGI Industries Ltd. purchased by the reporting person in multiple transactions on October 5, 2022 with purchase prices ranging from $2.32 to $2.40 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

Reflects the weighted average price of 3,834 shares of common stock of FGI Industries Ltd. purchased by the reporting person in multiple transactions on October 4, 2022 with purchase prices ranging from $2.25 to $2.38 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

Reflects the weighted average price of 325 shares of common stock of FGI Industries Ltd. purchased by the reporting person in multiple transactions on October 3, 2022 with purchase prices ranging from $2.28 to $2.29 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

Reflects the weighted average price of 474 shares of common stock of FGI Industries Ltd. purchased by the reporting person in multiple transactions on September 30, 2022 with purchase prices ranging from $2.23 to $2.26 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

Reflects the weighted average price of 2,639 shares of common stock of FGI Industries Ltd. purchased by the reporting person in multiple transactions on September 29, 2022 with sale prices ranging from $2.12 to $2.215 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

Reflects the weighted average price of 3,182 shares of common stock of FGI Industries Ltd. purchased by the reporting person in multiple transactions on September 28, 2022 with sale prices ranging from $2.19 to $2.30 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

Reflects the weighted average price of 1,901 shares of common stock of FGI Industries Ltd. purchased by the reporting person in multiple transactions on September 27, 2022 with sale prices ranging from $2.13 to $2.21 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.10 to $2.19, inclusive. The reporting person undertakes to provide to FGI Industries Ltd., any security holder of FGI Industries Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (2), (3) and (4) to this Form 4.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.16 to $2.31, inclusive. The reporting person undertakes to provide to FGI Industries Ltd., any security holder of FGI Industries Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (2) (3) and (4) to this Form 4.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.16 to $2.37, inclusive. The reporting person undertakes to provide to FGI Industries Ltd., any security holder of FGI Industries Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (2), (3) and (4) to this Form 4.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.19 to $2.39, inclusive. The reporting person undertakes to provide to FGI Industries Ltd., any security holder of FGI Industries Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (2), (3) and (4) to this Form 4.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.28 to $2.35, inclusive. The reporting person undertakes to provide to FGI Industries Ltd., any security holder of FGI Industries Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (2), (3) and (4) to this Form 4.

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 19, 2022

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.40 to $2.49, inclusive. The reporting person undertakes to provide to FGI Industries Ltd., any security holder of FGI Industries Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (2), (3) and (4) to this Form 4.

Options vest as to one-third of the shares on the one-year anniversary of the vesting commencement date. The remaining shares vest in a series of 24 successive equal monthly installments upon completion of each additional month of service (commencing on the vesting commencement date).

Options vest as to one-third of the shares on the one-year anniversary of the vesting commencement date. The remaining shares vest in a series of 24 successive equal monthly installments upon completion of each additional month of service (commencing on the vesting commencement date).

Options vest as to one-third of the shares on the one-year anniversary of the vesting commencement date. The remaining shares vest in a series of 24 successive equal monthly installments upon completion of each additional month of service (commencing on the vesting commencement date).

Options vest as to one-third of the shares on the one-year anniversary of the vesting commencement date. The remaining shares vest in a series of 24 successive equal monthly installments upon completion of each additional month of service (commencing on the vesting commencement date).

Options vest as to one-third of the shares on the one-year anniversary of the vesting commencement date. The remaining shares vest in a series of 24 successive equal monthly installments upon completion of each additional month of service (commencing on the vesting commencement date).

Options vest as to one-third of the shares on the one-year anniversary of the vesting commencement date. The remaining shares vest in a series of 24 successive equal monthly installments upon completion of each additional month of service (commencing on the vesting commencement date).

Restricted stock units that vest equally in annual installments over a three year period.