Ni Zhou Min 4
4 · HF Foods Group Inc. · Filed Oct 13, 2020
Insider Transaction Report
Form 4
Ni Zhou Min
10% Owner
Transactions
- Other
Common Stock, par value $.0001
2020-10-09+67,003→ 5,553,096 total
Footnotes (1)
- [F1]Reporting Person transferred 1,203,803 shares to Issuer pursuant to a Loan Purchase Agreement on Sept. 30, 2019. Of these shares, 298,688 shares were held in escrow for period of one year; 905,115 shares were irrevocably conveyed to Issuer. Per Loan Purchase Agreement, if the 250-day volume weighted average price of Issuer's shares during escrow period was less than the $13.30 per share but greater than $10.00 per share, Reporting Person was entitled to have portion of the Escrow Shares returned on a sliding scale. The 250-day VWAP for Issuer's shares was $10.59, and Reporting Person therefore was entitled to return of 67,003 Escrow Shares.