Timothy Mahoney - Nov 28, 2023 Form 4 Insider Report for Agrify Corp (AGFY)

Role
Director
Signature
/s/ Josh Savitz, attorney-in-fact
Stock symbol
AGFY
Transactions as of
Nov 28, 2023
Transactions value $
$0
Form type
4
Date filed
11/30/2023, 04:30 PM
Previous filing
Jul 18, 2022
Next filing
Apr 26, 2024

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 +44.5K $0.00 44.5K Nov 28, 2023 Common Stock 44.5K Direct F1, F2, F3
transaction AGFY Restricted Stock Unit Award $0 +16.4K $0.00 16.4K Nov 28, 2023 Common Stock 16.4K 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 the Agrify Corporation 2022 Omnibus Equity Incentive Plan (the "Plan"). The restricted stock units were granted in lieu of cash compensation that would otherwise be owed to the reporting person.
F2 Each restricted stock unit represents the right to receive, at settlement, one share of common stock of the issuer.
F3 100% of the restricted stock units will vest on the date when shareholder approval is obtained for an increase in shares available under the Plan sufficient to grant the units and to exempt awards to directors from the minimum vesting condition under the Plan, subject to the reporting person's continuous service through such vesting date.
F4 Grant of restricted stock units under the Plan.
F5 100% of the restricted stock units will vest on November 28, 2024, subject to obtaining shareholder approval for an increase in shares available under the Plan sufficient to grant the units, and subject to the reporting person's continuous service through such vesting date.