Chang Christine 4/A

What Happened

• Christine Chang, Chief Administrative Officer of HF Foods Group, was granted 52,817 performance stock units (PSUs) on June 5, 2024. The award was reported as a derivative grant (Form 4 code A) with an acquisition price of $0.00 (no cash paid).
• The PSUs are contingent awards that could convert to actual Class A common shares (1x to 1.5x per PSU) if specified revenue and adjusted EBITDA goals are met; the filing shows no immediate share sale or purchase.

Key Details

• Transaction date: 2024-06-05 (reported on an amended Form 4 filed 2026-06-05).
• Transaction type/code: Grant/Award (A); 52,817 PSUs granted at $0.00 (derivative award).
• Potential share delivery: each PSU may convert to between 1.0 and 1.5 shares — roughly 52,817 to 79,226 shares if maximum payout achieved.
• Vesting schedule/conditions: PSUs scheduled to vest on April 15, 2027, contingent on meeting revenue and adjusted EBITDA targets for years ended Dec 31, 2024, 2025 and 2026 (see footnotes).
• Shares owned after transaction: not specified in the amended filing.
• Filing status: This is an amended Form 4 — the amendment was filed to include these PSU awards that were omitted from the originally filed Form 4 (original filing dated June 7, 2024). The late/amended disclosure means the market learned of the grant after the original filing date.

Context

• PSUs are contingent equity awards, not immediate common-stock purchases. They carry no upfront cash cost to the insider and only convert to shares if performance hurdles are met; they do not by themselves signal a personal buy or sell of stock.
• For retail investors, note the potential upside range (1.0–1.5x) and the multi-year performance conditions; treat this as compensation disclosure rather than an immediate insider market signal.