Chang Christine 4

What Happened

• Christine Chang, Chief Administrative Officer of HF Foods Group, received equity awards on 2026-06-01: 81,130 restricted stock units (RSUs) and 81,130 performance stock units (PSUs). The filing shows the awards as grants (transaction code A); the PSU line is reported as a derivative award with $0.00 reported price. These are grants/compensation, not purchases or sales.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (timely).
• Awards: 81,130 RSUs (grant) and 81,130 PSUs (derivative award reported at $0.00).
• Shares owned after transaction: Not specified in the supplied filing.
• Footnotes of note:
  • F1: RSUs vest in one-third increments annually starting April 15, 2027.
  • F2: Each PSU can convert into 1 to 2.25 shares upon satisfaction of performance/vesting conditions.
  • F3: PSUs are scheduled to vest on April 15, 2029 if, during any 30 trading-day period between Jan 1, 2026 and Dec 31, 2028, the issuer’s closing market capitalization averages $200M–$400M.
• Transaction code: A = Award/Grant. No sale, purchase, or tax-withholding transaction reported here.

Context

• RSUs are time-based grants that become company shares as they vest (here, over three years beginning 4/15/2027). PSUs are performance-based and only convert to shares if predefined market-cap targets are met in the specified measurement window; each PSU may pay out 1–2.25 shares depending on performance.
• These awards are standard executive compensation — they do not represent an open-market buy or sell and do not by themselves signal insider buying or selling intent. Investors may track HF Foods’ market capitalization against the PSU performance window (ends 12/31/2028) to assess likelihood of PSU payout.