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

Role
Interim CEO, Director
Signature
/s/ Lindsey Ford, attorney-in-fact
Stock symbol
AGFY
Transactions as of
Nov 19, 2024
Transactions value $
$0
Form type
4
Date filed
11/21/2024, 08:00 PM
Previous filing
Nov 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AGFY Common Stock Award +10K 10K Nov 20, 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 +50K $0.00 50K Nov 19, 2024 Common Stock 50K 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.