Christopher J. Benyo - Aug 8, 2022 Form 4 Insider Report for Agrify Corp (AGFY)

Role
Chief Revenue Officer
Signature
/s/ Josh Savitz, attorney-in-fact
Stock symbol
AGFY
Transactions as of
Aug 8, 2022
Transactions value $
$0
Form type
4
Date filed
8/10/2022, 04:30 PM
Previous filing
Jul 28, 2022

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 +20K $0.00 20K Aug 8, 2022 Common Stock 20K Direct F1, F2, F3
transaction AGFY Restricted Stock Unit Award $0 +75K $0.00 75K Aug 8, 2022 Common Stock 75K Direct F2, F4, F5
* 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 to the Agrify Corporation 2022 Omnibus Equity Incentive Plan. The grant was made pursuant to the terms of an Employment Agreement between the issuer and the registrant dated January 10, 2022.
F2 Each restricted stock unit represents the right to receive, at settlement, one share of common stock of the issuer.
F3 The restricted stock units will vest in three equal installments on January 10, 2023, January 10, 2024 and January 10, 2025, subject to the reporting person's continuous service through each applicable vesting date.
F4 Grant of restricted stock units under to the Agrify Corporation 2022 Omnibus Equity Incentive Plan.
F5 The restricted stock units will vest in three equal installments on August 8, 2023, August 8, 2024 and August 8, 2025, subject to the reporting person's continuous service through each applicable vesting date.