Form 4 - Statement of changes in beneficial ownership of securities

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* CLINTON GROUP INC (Last) (First) (Middle) 411 EAST 57TH STREET (Street) NEW YORK NY 10018 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol GlassBridge Enterprises, Inc. [ GLAE ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title below) X Other (specify below) See Explanation of Responses
	3. Date of Earliest Transaction (Month/Day/Year) 09/25/2023
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

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	09/25/2023		S		7,578(2)	D	$164.9512(2)	0(1)	I	See footnotes(1)(3)

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

1. Name and Address of Reporting Person* CLINTON GROUP INC (Last) (First) (Middle) 411 EAST 57TH STREET (Street) NEW YORK NY 10018 (City) (State) (Zip)

1. Name and Address of Reporting Person* GEH Capital Inc. (Last) (First) (Middle) 411 EAST 57TH STREET (Street) NEW YORK NY 10018 (City) (State) (Zip)

1. Name and Address of Reporting Person* Clinton Special Opportunities Master Fund Ltd. (Last) (First) (Middle) 411 EAST 57TH STREET (Street) NEW YORK NY 10018 (City) (State) (Zip)

1. Name and Address of Reporting Person* Hall George E. (Last) (First) (Middle) 411 EAST 57TH STREET (Street) NEW YORK NY 10018 (City) (State) (Zip)

Explanation of Responses:

1. The securities reported herein may be deemed to be indirectly beneficially owned by Mr. George E. Hall ("Mr. Hall"), which securities are directly held by: (i) GEH Capital, Inc., which is indirectly owned by Mr. Hall and (ii) Clinton Special Opportunities Master Fund Ltd. ("CSO"), of which Clinton Group, Inc. ("CGI") is also deemed to be the indirect beneficial owner of such securities by virtue of its position as investment manager of CSO (collectively, the "Reporting Persons"). Mr. Hall serves as the Chief Executive Officer of CGI.

2. On September 25, 2023, the Reporting Persons entered into a redemption agreement (the "Redemption Agreement") with the Issuer. Under the terms of the Redemption Agreement, the Reporting Persons sold an aggregate of 7,578 Shares to the Issuer in exchange for cash proceeds of $1,250,000 and mutual releases, subject to certain exceptions.

3. As of September 25, 2023, the Reporting Persons ceased to be members of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock.

	Clinton Group, Inc., By: /s/ George Hall, Chief Executive Officer and President	09/26/2023
	GEH Capital, Inc., By: /s/ George E. Hall, Chief Executive Officer and President	09/26/2023
	Clinton Special Opportunities Master Fund Ltd., By: Clinton Group, Inc., its investment advisor, By: /s/ George Hall, Chief Executive Officer and President	09/26/2023
	/s/ George E. Hall	09/26/2023
	** 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.

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