Xiao Mou Zhang - Jan 31, 2023 Form 4 Insider Report for HF Foods Group Inc. (HFFG)

Role
Chief Executive Officer, Director
Signature
Xiao Mou Zhang
Stock symbol
HFFG
Transactions as of
Jan 31, 2023
Transactions value $
-$16,464
Form type
4
Date filed
2/8/2023, 06:45 PM
Previous filing
Feb 8, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HFFG Common Stock Options Exercise $0 +14.5K +0.53% $0.00 2.76M Jan 31, 2023 Direct F1, F2
transaction HFFG Common Stock Tax liability -$16.5K -3.53K -0.13% $4.66 2.75M Jan 31, 2023 Direct F1, F2, F3

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 -14.5K -16.67% $0.00 72.5K Jan 31, 2023 Common Stock 14.5K $0.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 8, 2021, the Reporting Person was granted 87,042 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 July 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.