Clinton A. Lewis Jr. - Mar 31, 2023 Form 4 Insider Report for AgroFresh Solutions, Inc. (AGFS)

Role
CEO, Director
Signature
/s/ Jason Simon, Attorney in Fact
Stock symbol
AGFS
Transactions as of
Mar 31, 2023
Transactions value $
-$2,863,077
Form type
4
Date filed
4/4/2023, 03:53 PM
Previous filing
Jan 3, 2023
Next filing
May 11, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AGFS Common Stock Disposed to Issuer -$2.86M -954K -100% $3.00 0 Mar 31, 2023 Direct F1

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 AGFS Employee Stock Option (right to buy) Disposed to Issuer $0 -182K -100% $0.00* 0 Mar 31, 2023 Common Stock 182K $2.07 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Clinton A. Lewis Jr. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to an Agreement and Plan of Merger entered into by and among the Issuer, Project Cloud Holdings, LLC and Project Cloud Merger Sub, Inc. dated November 21, 2022 (the "Merger Agreement"). Pursuant to the Merger Agreement, each outstanding share of Issuer's common stock was converted into the right to receive $3.00 per share in cash without interest.
F2 At the effective time of the merger pursuant to the Merger Agreement, the unexercised portion of the option was vested in full and canceled in the merger in exchange for the right to cash payment equal to, for each share subject to the option, the difference between the exercise price of the option and $3.00, less applicable tax withholdings, without interest.