Timothy Oakes - Nov 10, 2022 Form 4 Insider Report for Agrify Corp (AGFY)

Role: Chief Financial Officer
Signature: /s/ Timothy Oakes
Stock symbol: AGFY
Transactions as of: Nov 10, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/19/2022, 03:30 PM
Previous filing: Aug 10, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AGFY	Common Stock	Options Exercise		+4.17K			4.17K	Nov 10, 2022	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	AGFY	Restricted Stock Unit	Options Exercise	$0	-4.17K	-33.34%	$0.00	8.33K	Nov 10, 2022	Common Stock	4.17K		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	Shares of the issuer's common stock were issued to the reporting person upon the vesting of restricted stock units on November 10, 2022.
F2	Each restricted stock unit represents the right to receive, at settlement, one share of common stock of the issuer.
F3	On August 8, 2022, the reporting person was granted 12,500 restricted stock units under the Agrify Corporation 2022 Omnibus Equity Incentive Plan. The restricted stock units will vest in three equal installments on November 10, 2022, November 10, 2023 and November 10, 2024, subject to the reporting person's continuous service through each applicable vesting date.