HF Foods Interim CFO discloses RSUs/PSUs with $4–$8 hurdles

Rhea-AI Filing Summary

HF Foods Group (HFFG) reported insider holdings for Interim CFO Paul E. McGarry as of 10/15/2025. He beneficially owns 7,200 shares of Common Stock directly and holds performance stock units (PSUs) for 7,200 underlying shares. A related restricted stock unit grant vests in one‑third increments annually beginning April 15, 2026. The PSUs are scheduled to vest on April 15, 2028 if, for a continuous thirty trading‑day period between January 1, 2025 and December 31, 2027, the closing share price averages $4.00–$8.00. Each PSU represents a contingent right to receive 1 to 2.25 shares upon satisfaction of vesting conditions.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

McGarry Paul E

(Last) (First) (Middle)

C/O HF FOODS GROUP INC

6325 SOUTH RAINBOW BOULEVARD, SUITE 420

(Street)

LAS VEGAS NV 89118

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/15/2025

3. Issuer Name and Ticker or Trading Symbol
HF Foods Group Inc. [ HFFG ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	7,200(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Stock Units	(2)	(2)	Common Stock	7,200	(3)	D

Explanation of Responses:

1. Represents a grant of restricted stock units; vests in one-third increments annually, beginning April 15, 2026.

2. The performance stock units ("PSUs") are scheduled to vest on April 15, 2028, if for at least a period of thirty trading days commencing on January 1, 2025 and ending on December 31, 2027, the closing per share price of the Issuer's Class A Common Stock averages $4.00-8.00 over such thirty-day period.

3. Each PSU represents a contingent right to receive 1 to 2.25x shares of the Issuer's Class A Common Stock upon satisfaction of applicable vesting conditions.

Remarks:

	/s/ Paul E McGarry	10/22/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did HF Foods Group (HFFG) disclose in this filing?

An insider ownership report showing Interim CFO Paul E. McGarry’s holdings, including 7,200 Common Stock shares and PSUs for 7,200 shares.

How many HF Foods (HFFG) shares does the Interim CFO beneficially own?

He reports 7,200 shares of Common Stock held directly.

What are the vesting terms for HFFG’s restricted stock units (RSUs)?

The RSU grant vests in one‑third increments annually, beginning April 15, 2026.

When do the performance stock units (PSUs) potentially vest for HFFG?

PSUs are scheduled to vest on April 15, 2028, subject to performance conditions.

What performance condition applies to HFFG’s PSUs?

For 30 trading days between Jan 1, 2025 and Dec 31, 2027, the average closing price must be $4.00–$8.00.

How many shares can each PSU deliver at vesting at HFFG?

Each PSU entitles the holder to 1 to 2.25 shares upon meeting vesting conditions.

Who is the reporting person in HFFG’s filing and what is the role?

It is Paul E. McGarry, serving as Interim CFO.