Allan Marshall - 24 Jun 2021 Form 3 Insider Report for GROVE, INC. (UPXI)

Role: CEO, Director, 10%+ Owner
Signature: /s/ Allan Marshall
Issuer symbol: UPXI
Transactions as of: 24 Jun 2021
Net transactions value: $0
Form type: 3
Filing time: 24 Jun 2021, 11:32:19 UTC
Next filing: 30 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	UPXI	Common Stock						2,527,778	24 Jun 2021	Direct	F1

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
holding	UPXI	Preferred Stock							24 Jun 2021	Common Stock	277,778		Direct	F1, F2, F4
holding	UPXI	Employee Stock Option Grant							24 Jun 2021	Common Stock	833,333		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Subject to a 180-day lockup period in connection with the Issuer's initial public offering.
F2	Each share of preferred stock is convertible immediately into one share of common stock.
F3	793,210 options are vested and shall be exercisable for a price of $1.53 per option share for 10 years from June 1, 2019 (the "Grant Date"). 40,123 options shall vest June 30, 2021 and be exercisable for a price of $1.53 per option share for ten years from the Grant Date.
F4	N/A