Raymond Nobu Chang - May 20, 2022 Form 4 Insider Report for Agrify Corp (AGFY)

Role
CEO and Chairman, Director
Signature
/s/ Josh Savitz, attorney-in-fact
Stock symbol
AGFY
Transactions as of
May 20, 2022
Transactions value $
$12,500
Form type
4
Date filed
5/23/2022, 06:04 PM
Previous filing
May 17, 2022
Next filing
Aug 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AGFY Common Stock Purchase $12.5K +5K +50% $2.50 15K May 20, 2022 Direct F1
holding AGFY Common Stock 538K May 20, 2022 By RTC3 2020 Irrevocable Family Trust F2
holding AGFY Common Stock 130K May 20, 2022 By NXT3J Capital, LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Price represents the weighted average purchase price of the shares acquired ranging from $2.49 to $2.50 per share. Upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, the reporting person will provide full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F2 Held by RTC3 2020 Irrevocable Family Trust, of which Mr. Chang retains the authority to remove the independent trustee. Mr. Chang disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F3 NXT3J Capital, LLC is an entity controlled by the reporting person, and the reported securities may be deemed to be indirectly beneficially owned by the reporting person. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.