Jeff Lasher - Apr 12, 2022 Form 4 Insider Report for GrowGeneration Corp. (GRWG)

Role: CFO
Signature: /s/ Jeffrey Lasher
Stock symbol: GRWG
Transactions as of: Apr 12, 2022
Transactions value $: -$37,801
Form type: 4
Date filed: 4/14/2022, 03:43 PM
Previous filing: Jan 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GRWG	Common Stock	Tax liability	-$37.8K	-4.69K	-3.01%	$8.06	151K	Apr 12, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to the Reporting Person's employment agreement, 10,000 shares of the Issuer's common stock vested as of April 12, 2022 (as previously disclosed in a Form 4 filed on January 7, 2022), of which 4,690 shares were withheld by the Issuer to satisfy the applicable tax withholding obligation. In addition, he will receive another 40,000 shares of common stock with the following vesting schedule: 10,000 shares as of October 12, 2022, 10,000 shares as of April 12, 2023, 10,000 shares as of October 12, 2023, and 10,000 shares as of April 12, 2024.
F2	Includes: (i) 5,629 shares of common stock vested on October 12, 2021; (ii) 5,310 shares of common stock vested on April 12, 2022; (iii) a total of 40,000 shares subject to the following vesting schedule: 10,000 shares as of October 12, 2022, 10,000 shares as of April 12, 2023, 10,000 shares as of October 12, 2023, and 10,000 shares as of April 12, 2024; and (iv) a total of 100,000 RSUs subject to the following vesting schedule: 25,000 RSUs as of December 15, 2022, 25,000 RSUs as of December 15, 2023, 25,000 RSUs as of December 15, 2024, and 25,000 RSUs as of December 15, 2025.

Content

Pursuant to the Reporting Person's employment agreement, 10,000 shares of the Issuer's common stock vested as of April 12, 2022 (as previously disclosed in a Form 4 filed on January 7, 2022), of which 4,690 shares were withheld by the Issuer to satisfy the applicable tax withholding obligation. In addition, he will receive another 40,000 shares of common stock with the following vesting schedule: 10,000 shares as of October 12, 2022, 10,000 shares as of April 12, 2023, 10,000 shares as of October 12, 2023, and 10,000 shares as of April 12, 2024.

Includes: (i) 5,629 shares of common stock vested on October 12, 2021; (ii) 5,310 shares of common stock vested on April 12, 2022; (iii) a total of 40,000 shares subject to the following vesting schedule: 10,000 shares as of October 12, 2022, 10,000 shares as of April 12, 2023, 10,000 shares as of October 12, 2023, and 10,000 shares as of April 12, 2024; and (iv) a total of 100,000 RSUs subject to the following vesting schedule: 25,000 RSUs as of December 15, 2022, 25,000 RSUs as of December 15, 2023, 25,000 RSUs as of December 15, 2024, and 25,000 RSUs as of December 15, 2025.