Form 4: Agrify Director Max Holtzman Increases Stake Through Stock Awards and RSU Settlement

Agrify Corp. Director Max Holtzman increased his direct beneficial ownership of common stock to 10,000 shares through the acquisition of 5,000 shares and the settlement of 5,000 restricted stock units.

Summary

• Max Holtzman, a Director of Agrify Corp. (AGFY), reported changes in his beneficial ownership of company securities.
• On June 11, 2025, Mr. Holtzman acquired 5,000 shares of Agrify Common Stock at a price of $0.00. This acquisition is described as a grant under the Agrify Corporation 2022 Omnibus Equity Incentive Plan, with vesting conditions similar to restricted stock units.
• On June 12, 2025, Mr. Holtzman settled 5,000 Restricted Stock Units (RSUs) into 5,000 shares of Agrify Common Stock at a price of $0.00. These RSUs were originally granted on November 19, 2024.
• Following these transactions, Mr. Holtzman's direct beneficial ownership of Agrify Common Stock increased to a total of 10,000 shares.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive due to a director increasing their stake, which can signal confidence. However, it's largely neutral as it's a routine compensation-related transaction rather than an open market purchase.

Positives

• Increased insider ownership: A director increasing their stake can be seen as a positive signal of confidence in the company's future.

Future Outlook

The document indicates that the 5,000 shares of common stock acquired on June 11, 2025, are subject to vesting on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders, contingent on continuous service.

Industry Context

This Form 4 filing reports a routine insider transaction related to equity compensation for a director. Such transactions are common across industries as part of executive and director compensation packages, aligning their interests with shareholders.

Related Party Transactions

• The acquisition of 5,000 shares of common stock on June 11, 2025, and the settlement of 5,000 Restricted Stock Units into common stock on June 12, 2025, are related party transactions between Agrify Corp. and its director, Max Holtzman, as part of the company's equity incentive plan.

Stakeholder Impact

• Shareholders: The increase in director ownership may be viewed positively as it aligns management's interests with shareholders.
• Employees: The equity incentive plan mentioned (2022 Omnibus Equity Incentive Plan) suggests a broader framework for employee and director compensation, potentially impacting employee retention and motivation.

Next Steps

• The 5,000 shares acquired on June 11, 2025, are expected to vest on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders, subject to continuous service.

Key Dates

Keywords

Agrify Corp, AGFY, Max Holtzman, SEC Form 4, Insider Trading, Stock Award, Restricted Stock Units, RSU Settlement, Director Ownership, Equity Incentive Plan