Raymond Nobu Chang - Nov 28, 2023 Form 4 Insider Report for Agrify Corp (AGFY)

Role
Chairman and CEO, Director, 10%+ Owner
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
Oct 31, 2023
Next filing
Jan 29, 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 +217K $0.00 217K Nov 28, 2023 Common Stock 217K Direct F1, F2, F3
transaction AGFY Restricted Stock Unit Award $0 +72.4K $0.00 72.4K Nov 28, 2023 Common Stock 72.4K By Raymond Chang, Jr. F1, F2, F3
* 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").
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 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.