Sec Form 3 Filing - Continental General Holdings LLC @ HC2 HOLDINGS, INC. - 2021-07-01

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Continental General Holdings LLC 2. Issuer Name and Ticker or Trading Symbol HC2 HOLDINGS, INC. [ HCHC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 11001 LAKELINE BLVD., STE. 120 3. Date of Earliest Transaction (MM/DD/YY) 07/01/2021 (Street) AUSTIN, TX78717 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 Series A-3 Convertible Preferred Stock $ 3.5187 ( 1 ) 07/01/2026 Common Stock, par value $0.001 per share 1,764,357 I ( 2 ) ( 3 ) By: Continental General Insurance Co ( 2 ) ( 3 ) Series A-4 Convertible Preferred Stock $ 5.3318 ( 1 ) 07/01/2026 Common Stock, par value $0.001 per share 1,875,539 I ( 2 ) ( 3 ) By: Continental General Insurance Co ( 2 ) ( 3 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Continental General Holdings LLC 11001 LAKELINE BLVD., STE. 120 AUSTIN, TX78717 X Continental Insurance Group, Ltd. 11001 LAKELINE BLVD., STE. 120 AUSTIN, TX78717 X Continental LTC, Inc. 11001 LAKELINE BLVD., STE. 120 AUSTIN, TX78717 X CONTINENTAL GENERAL INSURANCE CO 11001 LAKELINE BLVD., STE. 120 AUSTIN, TX78717 X Signatures Continental General Holdings, LLC; By: /s/ Michael Gorzynski, Executive Chair 07/12/2021 Signature of Reporting Person Date Continental Insurance Group, Ltd.; By: /s/ Michael Gorzynski, President 07/12/2021 Signature of Reporting Person Date Continental LTC, Inc.; By: /s/ Michael Gorzynski, President 07/12/2021 Signature of Reporting Person Date Continental General Insurance Company; By: /s/ Michael Gorzynski, Executive Chair 07/12/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The Series A-3 Convertible Preferred Stock and the Series A-4 Convertible Preferred Stock are convertible at any time at the option of the holder. ( 2 )Continental General Holdings LLC ("CGH"), Continental Insurance Group, Ltd. ("CIG"), Continental General Insurance Company ("CGIC"), Continental LTC, Inc. ("CLTC") and certain other persons may be deemed to be members of a Section 13(d) group that beneficially owns more than 10% of the Issuer's outstanding Common Stock. The securities reported herein are directly held by CGIC. CLTC serves as the sole owner of CGIC. CIG serves as the sole owner of CLTC and the indirect parent operating company of CGIC. CGH serves as an investment holding company and the sole owner of CIG. By virtue of the foregoing relationships, each of CGH, CIG and CLTC may be deemed to beneficially own the shares beneficially owned directly by CGIC. ( 3 )The reporting persons disclaims beneficial ownership of the shares of Common Stock of the Issuer beneficially owned directly by the other members of the Section 13(d) group except to the extent of its pecuniary interest therein.

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).

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