Benjamin Kovler - 19 Nov 2024 Form 4 Insider Report for Agrify Corp (AGFY)

Signature
/s/ Lindsey Ford, attorney-in-fact
Issuer symbol
AGFY
Transactions as of
19 Nov 2024
Net transactions value
$0
Form type
4
Filing time
21 Nov 2024, 20:00:05 UTC
Previous filing
12 Nov 2024
Next filing
25 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AGFY Common Stock Award +10,000 10,000 20 Nov 2024 Direct F4

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 +50,000 $0.000000 50,000 19 Nov 2024 Common Stock 50,000 Direct 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 19, 2025, subject to obtaining shareholder approval for an increase in shares available under the Plan sufficient to grant shares of common stock underlying the restricted stock units, and subject to the reporting person's continuous service to the issuer through such vesting date.
F4 The reported securities were purchased by the Reporting Person for a purchase price of $38.76 per share of common stock in connection with the Issuer's private placement that closed on November 21, 2024, which purchase price was determined in accordance with applicable Nasdaq listing rules.