Paul Rutenis - Jun 21, 2021 Form 3/A - Amendment Insider Report for GrowGeneration Corp. (GRWG)

Role: Chief Merchandise Officer
Signature: /s/ Paul Rutenis
Stock symbol: GRWG
Transactions as of: Jun 21, 2021
Transactions value $: $0
Form type: 3/A - Amendment
Date filed: 2/15/2022, 03:50 PM
Date Of Original Report: Jan 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GRWG	Common Stock						104K	Jun 21, 2021	Direct	F1

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

Explanation of Responses:

Id	Content
F1	This amendment to Form 3 is being filed to correct the total number of shares owned by the Reporting Person included in the Form 3 originally filed on January 24, 2022 from 102,720 to 104,220, which includes: (i) 4,387 shares of the Issuer's common stock issued on December 21, 2021 (out of 6,666 shares vested on such date, 2,279 shares were withheld by the Issuer to satisfy the tax withholding obligation applicable to the vested shares), pursuant to the Reporting Person's employment agreement (the "Employment Agreement"); (ii) a total of 33,333 unvested shares of common stock, with the following vesting schedule pursuant to the Employment Agreement: 6,666 shares on June 21, 2022, 6,667 shares on December 21, 2022, 6,667 shares on June 21, 2023, 6,667 shares on December 21, 2023, and 6,667 shares on June 21, 2024; (iii) a total of 65,000 Restricted Stock Units ("RSUs") subject to the following vesting schedule: 16,250 RSUs as of December 15, 2022, 16,250 RSUs as of December 15, 2023, 16,250 RSUs as of December 15, 2024, and 16,250 RSUs as of December 15, 2025; and (iv) a total of 1,500 shares of common stock bought by the Reporting Person on the open market prior to his employment with the Issuer. Except the shares bought on the open market, all above-mentioned shares and RSUs of the Reporting Person are granted under the Amended and Restated 2018 Equity Incentive Plan of the Issuer.

Content

This amendment to Form 3 is being filed to correct the total number of shares owned by the Reporting Person included in the Form 3 originally filed on January 24, 2022 from 102,720 to 104,220, which includes: (i) 4,387 shares of the Issuer's common stock issued on December 21, 2021 (out of 6,666 shares vested on such date, 2,279 shares were withheld by the Issuer to satisfy the tax withholding obligation applicable to the vested shares), pursuant to the Reporting Person's employment agreement (the "Employment Agreement"); (ii) a total of 33,333 unvested shares of common stock, with the following vesting schedule pursuant to the Employment Agreement: 6,666 shares on June 21, 2022, 6,667 shares on December 21, 2022, 6,667 shares on June 21, 2023, 6,667 shares on December 21, 2023, and 6,667 shares on June 21, 2024; (iii) a total of 65,000 Restricted Stock Units ("RSUs") subject to the following vesting schedule: 16,250 RSUs as of December 15, 2022, 16,250 RSUs as of December 15, 2023, 16,250 RSUs as of December 15, 2024, and 16,250 RSUs as of December 15, 2025; and (iv) a total of 1,500 shares of common stock bought by the Reporting Person on the open market prior to his employment with the Issuer. Except the shares bought on the open market, all above-mentioned shares and RSUs of the Reporting Person are granted under the Amended and Restated 2018 Equity Incentive Plan of the Issuer.