Thomas Charles Williams - 24 Jun 2021 Form 3 Insider Report for GROVE, INC. (UPXI)

Role
Director
Signature
/s/ Thomas Williams
Issuer symbol
UPXI
Transactions as of
24 Jun 2021
Net transactions value
$0
Form type
3
Filing time
24 Jun 2021, 11:38:07 UTC
Next filing
30 Aug 2021
SEC
View on sec.gov

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 Director Stock Option Grant 24 Jun 2021 Common Stock 27,778 Direct F1, F2
* 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 4,630 options are vested and shall be exercisable for a price of $1.53 per option share for 10 years from February 1, 2021 (the "Grant Date"). 23,148 options shall vest on a monthly basis over a one year period and be exercisable for a price of $1.53 per option share for ten years from the Grant Date.