Michael Salaman - Jan 1, 2023 Form 4 Insider Report for GrowGeneration Corp. (GRWG)

Role: President, Director
Signature: /s/ Michael Salaman
Stock symbol: GRWG
Transactions as of: Jan 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/16/2023, 06:02 PM
Previous filing: Jan 6, 2022
Next filing: Nov 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GRWG	Common Stock	Award	$0	+100K	+16.39%	$0.00	710K	Jan 1, 2023	Direct	F1
transaction	GRWG	Common Stock	Award	$0	+100K	+14.08%	$0.00	810K	Jun 15, 2023	Direct	F1
holding	GRWG	Common Stock						437K	Jan 1, 2023	See Footnote	F2

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

Explanation of Responses:

Id	Content
F1	Pursuant to an employment agreement dated September 1, 2022, amended on June 15, 2023, the Reporting Person was granted 100,000 restricted stock units on January 1, 2023 and 100,000 restricted stock units on June 15, 2023. Starting from June 15, 2023, such 200,000 restricted stock units will vest in four equal installments of 50,000 restricted stock units on each June 15 and December 15 over a two-year period.
F2	Includes: 387,441 shares of common stock owned by a spousal trust, of which the Reporting Person disclaims beneficial ownership; and 50,000 shares of common stock owned by a charitable fund, of which the Reporting Person is the trustee and holds voting and dispositive power over the shares.

Content

Pursuant to an employment agreement dated September 1, 2022, amended on June 15, 2023, the Reporting Person was granted 100,000 restricted stock units on January 1, 2023 and 100,000 restricted stock units on June 15, 2023. Starting from June 15, 2023, such 200,000 restricted stock units will vest in four equal installments of 50,000 restricted stock units on each June 15 and December 15 over a two-year period.

Includes: 387,441 shares of common stock owned by a spousal trust, of which the Reporting Person disclaims beneficial ownership; and 50,000 shares of common stock owned by a charitable fund, of which the Reporting Person is the trustee and holds voting and dispositive power over the shares.