John Atkin - Mar 31, 2023 Form 4 Insider Report for AgroFresh Solutions, Inc. (AGFS)

Role
Director
Signature
/s/ Jason Simon, Attorney in Fact
Stock symbol
AGFS
Transactions as of
Mar 31, 2023
Transactions value $
-$120,966
Form type
4
Date filed
4/4/2023, 03:33 PM
Previous filing
Aug 5, 2022

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 AGFS Phantom Stock Disposed to Issuer -$121K -40.3K -100% $3.00 0 Mar 31, 2023 Common Stock 40.3K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

John Atkin is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each share of phantom stock is the economic equivalent of one share of AGFS common stock
F2 Disposed of pursuant to an Agreement and Plan of Merger entered into by and among the Issuer, Project Cloud Holdings, LLC and Project Cloud Merger Sub, Inc. dated November 21, 2022 (the "Merger Agreement"). Pursuant to the Merger Agreement, each outstanding share of Issuer's common stock was converted into the right to receive $3.00 per share in cash without interest.
F3 This grant of phantom stock was fully vested and cashed out upon the consummation of the transactions contemplated by the Merger Agreement.