[Form 4] AGRIFORCE GROWING SYSTEMS LTD. Insider Trading Activity

Rhea-AI Filing Summary

William John Meekison, a director of Agriforce Growing Systems Ltd. (AGRI), reported a purchase of 42,194 common shares on 09/18/2025 at a price equal to the 09/17/2025 closing price of $2.37, resulting in beneficial ownership of 42,194 shares held directly. The filing also discloses derivative grants: an acquisition on 09/12/2023 of stock options with underlying 3 common shares (exercise price shown as $0 after adjustments) and a separate option grant disclosing 1 underlying common share from a 05/31/2026-dated grant, both showing multi-year vesting schedules. The newly acquired common shares are restricted and subject to a lockup agreement entered in January 2025 that prevents sale for one year from 01/16/2025, with exceptions noted for shares from employment agreements.

Insights

Securities Analyst

TL;DR: Director reported a modest direct purchase of 42,194 shares and holds small adjusted option positions with multi-year vesting.

The transaction is an insider purchase recorded at a $2.37 per-share price, reflecting an explicit acquisition rather than an exercise-only disclosure. The filing documents significant historical reverse stock splits that materially adjusted option exercise prices and share counts; vesting schedules remain time-based over three years for the noted option grants. The lockup agreement on the restricted shares limits immediate liquidity for the reported block through early 2026, as described in the filing. Overall, the changes are routine insider activity with limited immediate market impact given the described restrictions and small adjusted option quantities.

Corporate Governance Expert

TL;DR: Director-level purchase and option grants are disclosed with standard vesting and lockup terms; no governance anomalies are evident.

The report identifies the reporting person as a director and shows standard disclosures including direct ownership, option grants with cashless-exercise provisions (where permitted), and explicit lockup terms applied to the restricted shares. The document also transparently lists corporate actions that adjusted option figures (three reverse splits on specified dates). The filing appears compliant with Section 16 reporting requirements and includes the reporting person's manual signature.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Meekison William John

(Last) (First) (Middle)

4475 ROSS CRESCENT

(Street)

WEST VANCOUVER A1 90071

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AGRIFORCE GROWING SYSTEMS LTD. [ AGRI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/18/2025		A		42,194(1)	A	$2.37(2)	42,194	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$4,050(3)	09/12/2023		A		3(4)(5)		(6)	09/12/2028	Common Shares	3(4)(5)	$0	4	D
Stock Options	$350,000(7)							(8)	05/31/2026	Common Shares	1(4)(9)		4	D

Explanation of Responses:

1. Represents Common Shares granted to the Reporting Person that are restricted and subject to a lockup agreement entered into by the Reporting Person in January 2025. Pursuant to the lockup agreement, the Reporting Person may not sell any Common Shares owned by the Reporting Person for one year from January 16, 2025 (subject to the ability to sell shares received by each as the result of an employment agreement at any time).

2. Equals the per share closing price on September 17, 2025.

3. As adjusted for the following: (i) a 1 for 50 reverse split that occurred on October 12, 2023, (ii) a 1 for 100 reverse split that occurred on December 6, 2024, and (iii) a 1 for 9 reverse split that occurred on July 30, 2025. The original exercise price was $0.09.

4. If permitted by the policies of any stock exchange on which the Issuer may be listed from time to time, the stock option may be exercised by means of a "cashless exercise", in which event the Issuer shall issue to the holder the net number of common shares determined based on the formula presented in the exhibit to the stock option certificate.

5. As adjusted for the following: (i) a 1 for 50 reverse split that occurred on October 12, 2023, (ii) a 1 for 100 reverse split that occurred on December 6, 2024, and (iii) a 1 for 9 reverse split that occurred on July 30, 2025. The original grant was 156,876 Stock Options.

6. The shares subject to such option vest and become exercisable annually in substantially equal installments over a three-year period, with the first tranche to be vested on the three-month anniversary of date of grant of September 12, 2023, subject to the Reporting Person's continuous service to the Issuer on each such date.

7. As adjusted for the following: (i) a 1 for 50 reverse split that occurred on October 12, 2023, (ii) a 1 for 100 reverse split that occurred on December 6, 2024, and (iii) a 1 for 9 reverse split that occurred on July 30, 2025. The original exercise price was $7.00.

8. The shares subject to such option vest and become exercisable annually in substantially equal installments over a three-year period, with the first tranche to be vested on the three-month anniversary of date of grant of May 31, 2021, subject to the Reporting Person's continuous service to the Issuer on each such date.

9. As adjusted for the following: (i) a 1 for 50 reverse split that occurred on October 12, 2023, (ii) a 1 for 100 reverse split that occurred on December 6, 2024, and (iii) a 1 for 9 reverse split that occurred on July 30, 2025. The original grant was 24,642 Stock Options.

	/s/ William John Meekison	09/29/2025
	** Signature of Reporting Person	Date
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