4//SEC Filing
Ni Zhou Min 4
Accession 0001747056-19-000001
CIK 0001680873other
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 5:57 PM ET
Size
9.4 KB
Accession
0001747056-19-000001
Insider Transaction Report
Form 4
Ni Zhou Min
10% Owner
Transactions
- Other
Common Stock, par value $.0001
2019-09-30−1,203,803→ 5,486,093 total
Footnotes (1)
- [F1]Reporting Person acquired Loan Rights from Issuer pursuant to Loan Purchase Agreement, aggregate principal balance $12,038,029.51. Reporting Person transferred 1,203,803 shares to Issuer. Of these shares, 298,688 shares are in escrow for period of one year; 905,115 shares are irrevocably conveyed to Issuer. If the volume weighted average closing price of Issuer's common stock for the 250-trading-day escrow period equals or exceeds $13.30 per share, Reporting Person will be entitled to return of all Escrow Shares. If 250-day VWAP is less than the $13.30 per share but greater than $10.00 per share, Issuer will be entitled to have portion of the Escrow Shares on a sliding scale. If 250-day VWAP is equal to or less than 10.00 per share, Issuer will be entitled to return of all Escrow Shares.
Issuer
HF Foods Group Inc.
CIK 0001680873
Entity typeother
Related Parties
1- filerCIK 0001747056
Filing Metadata
- Form type
- 4
- Filed
- Oct 1, 8:00 PM ET
- Accepted
- Oct 2, 5:57 PM ET
- Size
- 9.4 KB