Raymond Nobu Chang - Dec 20, 2022 Form 4 Insider Report for Agrify Corp (AGFY)

Role: CEO and Chairman, Director
Signature: /s/ Raymond Nobu Chang
Stock symbol: AGFY
Transactions as of: Dec 20, 2022
Transactions value $: $1,500,000
Form type: 4
Date filed: 12/21/2022, 03:30 PM
Previous filing: Aug 10, 2022
Next filing: Oct 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AGFY	Common Stock	Purchase	$1.5M	+2.31M	+4285.73%	$0.65	2.36M	Dec 20, 2022	By RTC3 2020 Irrevocable Family Trust	F1, F2
holding	AGFY	Common Stock						13K	Dec 20, 2022	By NXT3J Capital, LLC	F3
holding	AGFY	Common Stock						1.5K	Dec 20, 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AGFY	Warrants (right to buy)	Purchase		+4.62M			4.62M	Dec 20, 2022	Common Stock	4.62M	$0.65	By RTC3 2020 Irrevocable Family Trust	F1, F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported securities were purchased by the reporting person for a combined purchase price of $0.65 per share of common stock and two warrants in connection with the issuer's underwritten public offering that closed on December 20, 2022.
F2	Held by RTC3 2020 Irrevocable Family Trust, of which the reporting person retains the authority to remove the independent trustee. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F3	NXT3J Capital, LLC is an entity controlled by the reporting person, and the reported securities may be deemed to be indirectly beneficially owned by the reporting person. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F4	Each warrant will be exercisable during the period beginning on the date when approval for such exercise is obtained from the issuer's stockholders and ending five years thereafter, at an exercise price of $0.65.