4/A: Agrify Corp CEO Raymond Nobu Chang Amends Form 4 to Clarify Stock Purchases by Spouse

Raymond Nobu Chang, CEO and Chairman of Agrify Corp, files an amended Form 4 to clarify stock purchases made by his spouse, Chinwei Wang, and potential future transfer to a family trust.

Summary

• Raymond Nobu Chang, CEO and Chairman of Agrify Corp, filed an amended Form 4 with the SEC.
• The amendment clarifies that 1,578,947 shares of common stock were purchased by his spouse, Chinwei Wang, in her individual capacity on February 28, 2024, at a price of $0.38 per share.
• These shares may be subsequently transferred to the RTC3 2020 Irrevocable Family Trust for estate planning purposes.
• The original filing was made on March 28, 2024, and this amendment was filed on March 29, 2024.
• Chang also reported that 263,157 shares of common stock were purchased directly by RTC3 2020 Irrevocable Trust using trust assets at $0.38 per share on February 28, 2024.
• Chang also reported beneficial ownership of 648 shares through NXT3J Capital, LLC and 575 shares directly.

Sentiment

Score: 5

Explanation: The document is a regulatory filing clarifying stock transactions. It doesn't convey strong positive or negative sentiment, reflecting a neutral informational update.

Industry Context

This filing is a routine disclosure related to insider trading and beneficial ownership, which is common for publicly traded companies. It doesn't necessarily indicate a broader industry trend but reflects individual investment decisions.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are comparable across all publicly traded companies.
• The information provided is specific to Agrify Corp and its executives, making direct comparisons to other companies difficult without analyzing their individual filings.

Key Dates