Raymond Nobu Chang - 28 Feb 2024 Form 4 Insider Report for Agrify Corp (AGFY)

Role
CEO and Chairman, Director, 10%+ Owner
Signature
/s/ Raymond Nobu Chang
Issuer symbol
AGFY
Transactions as of
28 Feb 2024
Net transactions value
+$700,000
Form type
4
Filing time
01 Mar 2024, 16:30:17 UTC
Previous filing
29 Jan 2024
Next filing
29 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AGFY Common Stock Purchase $700,000 +1,842,104 +127% $0.3800 3,295,998 28 Feb 2024 By RTC3 2020 Irrevocable Family Trust F1, F2, F3
holding AGFY Common Stock 648 28 Feb 2024 By NXT3J Capital, LLC F4
holding AGFY Common Stock 575 28 Feb 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 (i) 263,157 shares of common stock were purchased directly by RTC3 2020 Irrevocable Family Trust using trust assets and (ii) 1,578,947 shares of common stock were initially purchased by Chinwei Wang as an agent of RTC3 2020 Irrevocable Family Trust and subsequently transferred to RTC3 2020 Irrevocable Family Trust for estate planning purposes.
F2 The reported securities were purchased by the reporting person at a purchase price of $0.38 per share of common stock in connection with the issuer's public offering that closed on February 28, 2024.
F3 Held by RTC3 2020 Irrevocable Family Trust, of which the reporting person retains the authority to remove the independent trustee. 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.
F4 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.