Andrew J. Norstrud - Jun 24, 2021 Form 3 Insider Report for GROVE, INC. (UPXI)

Role: CFO
Signature: /s/ Andrew Norstrud
Stock symbol: UPXI
Transactions as of: Jun 24, 2021
Transactions value $: $0
Form type: 3
Date filed: 6/24/2021, 11:36 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						306K	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	Employee Stock Option Grant							Jun 24, 2021	Common Stock	167K		Direct	F1, F2
holding	UPXI	Employee Stock Option Grant							Jun 24, 2021	Common Stock	389K		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	159,773 options are vested and shall be exercisable for a price of $1.53 per option share for 10 years from June 1, 2019. 6,894 options shall vest on June 30, 2021 and be exercisable for a price of $1.53 per option share for ten years from June 1, 2019.
F3	27,263 options are vested and shall be exercisable for a price of $1.53 per option share for 10 years from February 1, 2021. 361,625 options shall vest on a monthly basis over a two year period and be exercisable for a price of $1.53 per option share for ten years from February 1, 2021.