Varier Krishnan 4
4 · Agrify Corp · Filed Nov 30, 2023
Insider Transaction Report
Form 4
Agrify CorpAGFY
Varier Krishnan
Director
Transactions
- Award
Restricted Stock Unit
2023-11-28+41,450→ 41,450 total→ Common Stock (41,450 underlying) - Award
Restricted Stock Unit
2023-11-28+16,448→ 16,448 total→ Common Stock (16,448 underlying)
Footnotes (5)
- [F1]Grant of restricted stock units under the Agrify Corporation 2022 Omnibus Equity Incentive Plan (the "Plan"). The restricted stock units were granted in lieu of cash compensation that would otherwise be owed to the reporting person.
- [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 the date when shareholder approval is obtained for an increase in shares available under the Plan sufficient to grant the units and to exempt awards to directors from the minimum vesting condition under the Plan, subject to the reporting person's continuous service through such vesting date.
- [F4]Grant of restricted stock units under the Plan.
- [F5]100% of the restricted stock units will vest on November 28, 2024, subject to obtaining shareholder approval for an increase in shares available under the Plan sufficient to grant the units, and subject to the reporting person's continuous service through such vesting date.