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HF Foods (HFFG) CEO receives new RSU and PSU equity awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Lin Xi reported acquisition or exercise transactions in this Form 4 filing.

HF Foods Group Inc. President and CEO Lin Xi received new equity awards that increase his ownership stake. On June 1, 2026, he was granted 270,433 restricted stock units that vest in one-third increments annually beginning April 15, 2027. He also received 270,433 performance stock units, each representing a contingent right to receive 1 to 2.25 times a share of common stock, scheduled to vest on April 15, 2029 if a specified market capitalization target of $200 million to $400 million is met over a thirty-trading-day period between January 1, 2026 and December 31, 2028. Following these grants, Lin Xi directly holds 713,866 shares of common stock and 682,242 performance stock units.

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Insider Lin Xi
Role President and CEO
Type Security Shares Price Value
Grant/Award Performance Stock Units 270,433 $0.00 --
Grant/Award Common Stock 270,433 $0.00 --
Holdings After Transaction: Performance Stock Units — 682,242 shares (Direct, null); Common Stock — 713,866 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.
RSU grant 270,433 units Restricted stock units granted to Lin Xi on June 1, 2026
PSU grant 270,433 units Performance stock units granted to Lin Xi on June 1, 2026
Shares after transaction 713,866 shares Common stock directly held by Lin Xi following grants
PSUs after transaction 682,242 units Total performance stock units held by Lin Xi after grant
RSU vesting start April 15, 2027 RSUs vest in one-third increments annually starting this date
PSU vesting date April 15, 2029 Scheduled vesting date for performance stock units
Market cap condition $200M–$400M Average market capitalization required over thirty trading days
Performance window January 1, 2026 to December 31, 2028 Period during which the thirty-trading-day test must occur
restricted stock units financial
"Represents a grant of restricted stock units; vests in one-third increments"
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"
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.
vesting conditions financial
"shares of the Issuer's Class A Common Stock 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.
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.
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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
Lin Xi

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
President and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026A270,433A(1)713,866D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Stock Units(2)06/01/2026A270,433 (3) (3)Common Stock270,433$0682,242D
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/ Xi Lin06/03/2026
** Signature of Reporting PersonDate
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) CEO Lin Xi receive?

Lin Xi received a grant of restricted stock units and performance stock units. The award includes 270,433 RSUs and 270,433 PSUs, each tied to HF Foods common stock, with multi-year vesting and performance conditions that align his compensation with long-term company value.

How many restricted stock units were granted to HF Foods (HFFG) CEO?

Lin Xi was granted 270,433 restricted stock units of HF Foods common stock. These RSUs vest in one-third increments on annual dates beginning April 15, 2027, creating a three-year vesting schedule that encourages ongoing leadership continuity and long-term alignment with shareholder interests.

What are the performance conditions on HF Foods (HFFG) CEO’s PSUs?

Each performance stock unit can convert into 1 to 2.25 shares of common stock. Vesting requires HF Foods’ closing market capitalization to average $200 million to $400 million over a thirty-trading-day period occurring between January 1, 2026 and December 31, 2028, before the 2029 vesting date.

When do Lin Xi’s new HF Foods (HFFG) RSUs and PSUs vest?

The restricted stock units start vesting in one-third installments on April 15, 2027 each year. The performance stock units are scheduled to vest on April 15, 2029, but only if the specified market capitalization performance condition is achieved within the defined 2026–2028 measurement window.

How many HF Foods (HFFG) shares does Lin Xi hold after these grants?

After these awards, Lin Xi directly holds 713,866 shares of HF Foods common stock. He also holds 682,242 performance stock units, which represent contingent rights to additional shares depending on future performance, further linking his potential upside to the company’s market value.

What does each HF Foods (HFFG) performance stock unit represent for Lin Xi?

Each performance stock unit represents a contingent right to receive between 1 and 2.25 shares of HF Foods common stock. Actual shares delivered will depend on achieving the specified market capitalization targets during the 2026–2028 period and satisfying all vesting conditions by April 15, 2029.