Agrify (AGFY) Notice of Proposed Sale — 5,000 Shares, $215K Value
Rhea-AI Filing Summary
Agrify Corporation (AGFY) Form 144 reports a proposed sale of 5,000 common shares through APEX CLEARING on the NASDAQ with an aggregate market value of $215,000 and total outstanding shares listed as 200,000,000. The shares were acquired on 11/19/2024 upon restricted stock unit vesting from Agrify Corporation. The filer indicates no securities sold in the past three months and the planned approximate sale date is 08/29/2025. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.
Positive
- None.
Negative
- None.
Insights
TL;DR: Small, routine insider liquidity event; limited investor impact given size relative to outstanding shares.
The Form 144 notifies the market of a proposed sale of 5,000 shares valued at $215,000, acquired via RSU vesting on 11/19/2024. With 200 million shares outstanding, this sale represents a de minimis portion of capitalization and is consistent with routine insider post-vesting selling. There are no reported sales in the prior three months and no additional terms or conditional payments disclosed. Based solely on the filing, this is a routine disclosure rather than a material corporate development.
TL;DR: Disclosure aligns with Rule 144 requirements; procedural representation included, no governance red flags shown.
The filer documents acquisition via RSU vesting and provides broker and execution venue details (Apex Clearing, NASDAQ) and an approximate sale date of 08/29/2025. The notice contains the required certification about lack of undisclosed material adverse information. The form contains no information on any trading plan adoption date or other trading instructions. From a governance standpoint, the filing meets the basic transparency obligations of Rule 144.