Christine Chang - 31 Jan 2023 Form 4 Insider Report for HF Foods Group Inc. (HFFG)

Role: Chief Compliance Officer
Signature: /s/ Christine Chang
Issuer symbol: HFFG
Transactions as of: 31 Jan 2023
Net transactions value: -$3,961
Form type: 4
Filing time: 08 Feb 2023, 18:43:34 UTC
Previous filing: 08 Feb 2023
Next filing: 04 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HFFG	Common Stock	Options Exercise	$0	+3,490	+9.1%	$0.000000	41,991	31 Jan 2023	Direct	F1, F2
transaction	HFFG	Common Stock	Tax liability	$3,961	-850	-2%	$4.66	41,141	31 Jan 2023	Direct	F2, F3
transaction	HFFG	Common Stock	Options Exercise	$0	+3,490	+8.5%	$0.000000	44,631	31 Jan 2023	Direct

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	HFFG	Performance Stock Units	Options Exercise	$0	-3,490	-17%	$0.000000	17,447	31 Jan 2023	Common Stock	3,490		Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On September 8, 2021, the Reporting Person was granted 20,937 performance stock units with each unit representing the right to receive one share of the Issuer's common stock, one sixth of which vested on January 31, 2023.
F2	Includes Restricted Stock Units vesting in three equal installments, with the second installment vesting on September 8, 2023.
F3	Represents shares withheld to satisfy tax obligations upon the vesting of performance stock units on January 31, 2023 described in footnote 1.
F4	Vesting of performance stock units described in footnote 1.
F5	Vest based on the issuer meeting certain performance metrics for the fiscal years ending December 31, 2022 and 2023 established by the issuer's compensation committee.