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

Role: CEO, Director, 10%+ Owner
Signature: /s/ Allan Marshall
Stock symbol: UPXI
Transactions as of: Jun 24, 2021
Transactions value $: $0
Form type: 3
Date filed: 6/24/2021, 11:32 AM
Next filing: Aug 30, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	UPXI	Common Stock						2.53M	Jun 24, 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							Jun 24, 2021	Common Stock	278K		Direct	F1, F2, F4
holding	UPXI	Employee Stock Option Grant							Jun 24, 2021	Common Stock	833K		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