Chaudhry Muhammad Arshad 4

What Happened
Chaudhry Muhammad Arshad, a director of Agroz Inc. (AGRZ), had 40,000 Redeemable Convertible Preferred Shares (RCPS) redeemed by the issuer on December 3, 2025. The RCPS were redeemed at $2.50 per share, producing $100,000 in cash. The filing reports this as a derivative disposition (transaction code J) rather than a sale of ordinary shares.

Key Details

• Transaction date: 2025-12-03 (reported on Form 4 filed 2026-04-01).
• Transaction type: Derivative disposition (redemption of RCPS), code J.
• Amount redeemed: 40,000 RCPS at $2.50 per share = $100,000 total.
• Holdings before/after: Mr. Chaudhry previously held 100,000 RCPS (40,000 purchased 8/28/2023 and 60,000 purchased 9/19/2024). After the 40,000 RCPS redemption, 60,000 RCPS remain outstanding to him (unless converted).
• Footnotes: RCPS are convertible 1:1 into ordinary shares with no consideration payable; RCPS are convertible until maturity (two years after issuance). RCPS outstanding at maturity that are not converted will be redeemed at the subscription price. The filing notes Mr. Chaudhry did not convert the redeemed RCPS.
• Timeliness: The Form 4 was filed on 2026-04-01 for a 2025-12-03 transaction, which is later than the usual two-business-day filing window for Form 4 (a late filing).

Context

• This was a redemption of preferred shares (a derivative disposition), not an open-market sale of ordinary stock. Redemptions return cash to the holder and do not directly signal a market sale of common shares.
• The RCPS carried a 1:1 conversion right into ordinary shares but were redeemed instead of converted in this instance.