Gregory Sanders - Dec 6, 2022 Form 4 Insider Report for GrowGeneration Corp. (GRWG)

Role
Chief Financial Officer
Signature
Gregory Sanders
Stock symbol
GRWG
Transactions as of
Dec 6, 2022
Transactions value $
$211,746
Form type
4
Date filed
2/14/2023, 05:22 PM
Previous filing
Aug 17, 2022
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRWG Common Stock Award $37.6K +7.35K +112.02% $5.11 13.9K Dec 6, 2022 Direct F1
transaction GRWG Common Stock Award $14.4K +2.67K +19.16% $5.40 16.6K Dec 15, 2022 Direct F2
transaction GRWG Common Stock Award $57.6K +10.7K +64.32% $5.40 27.2K Dec 15, 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GRWG Common Stock Option Options Exercise $102K +20K $5.11 20K Dec 6, 2022 Common Stock 20K $3.84 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 6, 2022, 7,351 shares were issued by the Issuer pursuant to a cashless exercise by the Reporting Person to purchase 20,000 shares of common stock.
F2 Pursuant to a restricted stock unit award agreement dated January 5, 2022, the Reporting Person was granted 15,000 restricted stock units, which will vest in four equal installments of 3,750 restricted stock units on each December 15 following the grant date. The first installment vested on December 15, 2022, of which 1,084 shares were withheld by the Issuer to satisfy the applicable tax withholding obligation and 2,666 shares of common stock were issued to the Reporting Person.
F3 Pursuant to a restricted stock unit award agreement dated August 9, 2022, the Reporting Person was granted 90,000 restricted stock units, which will vest in six equal installments of 15,000 restricted stock units on each December 15 and June 15 following the grant date. The first installment vested on December 15, 2022, of which 4,336 shares of common stock were withheld by the Issuer to satisfy the applicable tax withholding obligation and 10,664 shares of common stock were issued to the Reporting Person.
F4 Other than the options exercised on December 6, 2022, the Reporting Person also owns another option to purchase 20,000 shares of common stock at an exercise price of $3.84/share.