Mfp Partners Lp - Mar 16, 2022 Form 4 Insider Report for S&W Seed Co (SANW)

Role: Other*, 10%+ Owner
Signature: MFP PARTNERS, L.P., By: MFP INVESTORS LLC, By: /s/ Timothy E. Ladin, Name: Timothy E. Ladin, Title: General Counsel, Vice President
Stock symbol: SANW
Transactions as of: Mar 16, 2022
Transactions value $: $10,010
Form type: 4
Date filed: 3/16/2022, 03:15 PM
Previous filing: Feb 23, 2022
Next filing: May 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SANW	Common Stock, par value $0.001 per share	Award	$10K	+5.5K	+0.03%	$1.82	17.4M	Mar 16, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This report is filed jointly by MFP Partners, L.P. ("MFP Partners") and MFP Investors LLC ("MFP Investors" and, each, a "Reporting Person" and, collectively, the "Reporting Persons") in connection with their respective direct and indirect relationships with S&W Seed Company (the "Company"). MFP Investors is the general partner of MFP Partners. The Estate of Michael F. Price may be deemed to be the controlling person of MFP Investors.
F2	MFP Partners is the direct beneficial owner of the shares of common stock of the Company ("Common Stock") reported herein. Each Reporting Person other than MFP Partners may be deemed to be the indirect beneficial owner of such shares of Common Stock; however, each such Reporting Person disclaims beneficial ownership of such shares of Common Stock except to the extent of such Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that any of these Reporting Persons is the beneficial owner of the shares of Common Stock described herein for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.

Content

This report is filed jointly by MFP Partners, L.P. ("MFP Partners") and MFP Investors LLC ("MFP Investors" and, each, a "Reporting Person" and, collectively, the "Reporting Persons") in connection with their respective direct and indirect relationships with S&W Seed Company (the "Company"). MFP Investors is the general partner of MFP Partners. The Estate of Michael F. Price may be deemed to be the controlling person of MFP Investors.

MFP Partners is the direct beneficial owner of the shares of common stock of the Company ("Common Stock") reported herein. Each Reporting Person other than MFP Partners may be deemed to be the indirect beneficial owner of such shares of Common Stock; however, each such Reporting Person disclaims beneficial ownership of such shares of Common Stock except to the extent of such Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that any of these Reporting Persons is the beneficial owner of the shares of Common Stock described herein for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.

Remarks:

Mr. Alexander C. Matina (Vice President, Investments at MFP Investors), serves as a member of the board of directors of the Company as a nominee of MFP. Each of MFP Partners and MFP Investors may be deemed a director of the Company by deputization on the basis of the relationships among such persons and Mr. Matina.