HF Foods (HFFG) CAO granted RSUs and PSUs tied to $200M–$400M cap

Rhea-AI Filing Summary

Chang Christine reported acquisition or exercise transactions in this Form 4 filing.

HF Foods Group Inc. Chief Administrative Officer Christine Chang reported equity awards rather than open-market trades. She received 81,130 shares of common stock as restricted stock units at no purchase price, increasing her direct common stock holdings to 331,966 shares.

She was also granted 81,130 performance stock units, bringing her total PSUs to 118,630. The RSUs vest in one-third increments annually starting on April 15, 2027. The PSUs are scheduled to vest on April 15, 2029 if the company’s closing market capitalization averages $200 million to $400 million over a 30-trading-day period between January 1, 2026 and December 31, 2028.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Chang Christine

Role Chief Administrative Officer

Type	Security	Shares	Price	Value
Grant/Award	Performance Stock Units	81,130	$0.00	--
Grant/Award	Common Stock	81,130	$0.00	--

Holdings After Transaction: Performance Stock Units — 118,630 shares (Direct, null); Common Stock — 331,966 shares (Direct, null)

Footnotes (1)

1. Represents a grant of restricted stock units; vests in one-third increments annually, beginning April 15, 2027. Each performance stock unit ("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. The PSUs are scheduled to vest on April 15, 2029, if for at least a period of thirty trading days commencing on January 1, 2026, and ending on December 31, 2028, the closing market capitalization of the Issuer averages $200 million to $400 million over such thirty-day period.

Key Figures

RSU grant size: 81,130 shares Common stock holdings after grant: 331,966 shares PSU grant size: 81,130 units +5 more

8 metrics

RSU grant size 81,130 shares Restricted stock units of common stock granted at $0.00 per share

Common stock holdings after grant 331,966 shares Direct holdings of HF Foods common stock following RSU grant

PSU grant size 81,130 units Performance stock units referencing common stock granted at $0.00

PSU holdings after grant 118,630 units Total performance stock units held after acquisition

PSU share conversion range 1 to 2.25x shares per PSU Contingent right to receive common shares upon vesting conditions

Market cap vesting range $200M to $400M Average closing market capitalization required over 30 trading days

RSU vesting start date April 15, 2027 RSUs vest in one-third increments annually beginning on this date

PSU vesting date April 15, 2029 Scheduled vesting date if market cap performance conditions are met

Key Terms

restricted stock units, Performance Stock Units, market capitalization, vesting conditions, +1 more

5 terms

restricted stock units financial

"Represents a grant of restricted stock units; vests in one-third increments annually"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Performance Stock Units financial

"Each performance stock unit ("PSU") represents a contingent right to receive"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

market capitalization financial

"the closing market capitalization of the Issuer averages $200 million to $400 million"

Market capitalization is the total market value of a company’s outstanding shares, calculated by multiplying the current share price by the number of shares issued. It gives a quick snapshot of a company’s size and how investors value it, influencing perceived risk, index membership, and roughly how much it might cost to buy the whole company — like using a sticker price to compare the relative size and price of different houses.

vesting conditions financial

"upon satisfaction of applicable vesting conditions"

Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.

trading days financial

"for at least a period of thirty trading days commencing on January 1, 2026"

Trading days are the specific days when a stock exchange is open and buying and selling of securities can occur, excluding weekends and exchange-declared holidays. Investors use trading days to measure performance, calculate settlement deadlines and time-sensitive events—think of them as the business hours calendar for markets, where returns, volumes and deadlines are counted only on days the market is operating.

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Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chang Christine

(Last) (First) (Middle)

C/O HF FOODS GROUP INC

6325 SOUTH RAINBOW BOULEVARD, SUITE 420

(Street)

LAS VEGAS NEVADA 89118

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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

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

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

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	06/01/2026		A		81,130	A	(1)	331,966	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
Performance Stock Units	(2)	06/01/2026		A		81,130		(3)	(3)	Common Stock	81,130	$0	118,630	D

Explanation of Responses:

1. Represents a grant of restricted stock units; vests in one-third increments annually, beginning April 15, 2027.

2. Each performance stock unit ("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.

3. The PSUs are scheduled to vest on April 15, 2029, if for at least a period of thirty trading days commencing on January 1, 2026, and ending on December 31, 2028, the closing market capitalization of the Issuer averages $200 million to $400 million over such thirty-day period.

Remarks:

	/s/ Christine Chang	06/03/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)

FAQ

What equity awards did HF Foods (HFFG) CAO Christine Chang receive?

Christine Chang received 81,130 restricted stock units of common stock and 81,130 performance stock units. These awards are compensation grants at no purchase price, subject to multi-year vesting and performance conditions tied to HF Foods’ market capitalization.

How many HF Foods (HFFG) shares does Christine Chang hold after this Form 4?

After the grant, Christine Chang directly holds 331,966 shares of HF Foods common stock. She also holds 118,630 performance stock units, which may convert into common shares if vesting and performance conditions are met in future years.

When do Christine Chang’s restricted stock units in HF Foods (HFFG) vest?

Chang’s restricted stock units vest in one-third increments annually, beginning on April 15, 2027. This means portions of the 81,130-share RSU award will gradually become fully owned shares over three years, assuming continued service and satisfaction of vesting conditions.

What performance condition applies to HF Foods (HFFG) performance stock units?

Each performance stock unit can convert into 1 to 2.25x shares of common stock. Vesting requires HF Foods’ closing market capitalization to average $200–$400 million over a 30-trading-day period between January 1, 2026 and December 31, 2028, with settlement on April 15, 2029.

Is Christine Chang buying or selling HF Foods (HFFG) stock in this filing?

This Form 4 shows equity grants, not open-market buying or selling. Christine Chang acquired restricted stock units and performance stock units at $0.00 per unit as part of her compensation, so no cash transaction in the market occurred here.