Ni Zhou Min 4
4 · HF Foods Group Inc. · Filed Oct 2, 2019
Insider Transaction Report
Form 4
Ni Zhou Min
10% Owner
Transactions
- Other
Common Stock, par value $.0001
2019-09-30−1,203,803→ 5,486,093 total
Footnotes (1)
- [F1]Reporting Person acquired Loan Rights from Issuer pursuant to Loan Purchase Agreement, aggregate principal balance $12,038,029.51. Reporting Person transferred 1,203,803 shares to Issuer. Of these shares, 298,688 shares are in escrow for period of one year; 905,115 shares are irrevocably conveyed to Issuer. If the volume weighted average closing price of Issuer's common stock for the 250-trading-day escrow period equals or exceeds $13.30 per share, Reporting Person will be entitled to return of all Escrow Shares. If 250-day VWAP is less than the $13.30 per share but greater than $10.00 per share, Issuer will be entitled to have portion of the Escrow Shares on a sliding scale. If 250-day VWAP is equal to or less than 10.00 per share, Issuer will be entitled to return of all Escrow Shares.