Raymond Nobu Chang - 24 Apr 2024 Form 4 Insider Report for Agrify Corp (AGFY)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Raymond Nobu Chang
Issuer symbol
AGFY
Transactions as of
24 Apr 2024
Net transactions value
$0
Form type
4
Filing time
26 Apr 2024, 16:01:22 UTC
Previous filing
29 Mar 2024
Next filing
23 May 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AGFY Restricted Stock Unit Award $0 +119,623 $0.000000 119,623 24 Apr 2024 Common Stock 119,623 Direct F1, F2, F3
transaction AGFY Restricted Stock Unit Award $0 +32,766 $0.000000 32,766 24 Apr 2024 Common Stock 32,766 By Raymond Chang Jr. F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of restricted stock units under the Agrify Corporation 2022 Omnibus Equity Incentive Plan (the "Plan"). The restricted stock units were granted in lieu of cash compensation that would otherwise be owed to the reporting person.
F2 Each restricted stock unit represents the right to receive, at settlement, one share of common stock of the issuer.
F3 100% of the restricted stock unit will vest on April 24, 2025, subject to obtaining shareholder approval for an increase in shares available under the Plan sufficient to grant the units, and subject to the reporting person's continuous service through such vesting date.