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

Role
EVP,Secretary&General Counsel
Signature
/s/ Jason Simon, Attorney-in-Fact
Stock symbol
AGFS
Transactions as of
Mar 31, 2023
Transactions value $
-$1,118,862
Form type
4
Date filed
4/4/2023, 03:53 PM
Previous filing
Mar 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AGFS Common Stock Disposed to Issuer -$1.12M -373K -100% $3.00 0 Mar 31, 2023 Direct F1

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 Employee Stock Option (right to buy) Other $0 -82.5K -100% $0.00* 0 Mar 31, 2023 Common Stock 82.5K $12.00 Direct F2
transaction AGFS Employee stock option (right to buy) Other $0 -8.9K -100% $0.00* 0 Mar 31, 2023 Common Stock 8.9K $7.35 Direct F2
transaction AGFS Employee stock option (right to buy) Other $0 -13.2K -100% $0.00* 0 Mar 31, 2023 Common Stock 13.2K $4.37 Direct F2
transaction AGFS Employee stock option (right to buy) Other $0 -25.5K -100% $0.00* 0 Mar 31, 2023 Common Stock 25.5K $3.34 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 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.
F2 At the effective time of the merger pursuant to the Merger Agreement, the unexercised options that were previously granted to the Reporting Person were cancelled for no consideration, payment or right to consideration or payment.