Krishnan Varier - 24 Apr 2024 Form 4 Insider Report for Agrify Corp (AGFY)

Role
Director
Signature
/s/ Krishnan Varier
Issuer symbol
AGFY
Transactions as of
24 Apr 2024
Transactions value $
$0
Form type
4
Filing time
26 Apr 2024, 16:01:33 UTC
Previous filing
30 Nov 2023
Next filing
21 Nov 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 +60.9K $0.00 60.9K 24 Apr 2024 Common Stock 60.9K Direct 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.