Bradley Nattrass - Jan 1, 2022 Form 4 Insider Report for urban-gro, Inc. (UGRO)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Bradley Nattrass
Stock symbol
UGRO
Transactions as of
Jan 1, 2022
Transactions value $
$0
Form type
4
Date filed
2/8/2022, 04:00 PM
Previous filing
Dec 17, 2021
Next filing
Feb 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UGRO Restricted Stock Award $0 +45.8K +2.9% $0.00 1.62M Jan 1, 2022 Direct F1
transaction UGRO Restricted Stock Award $0 +45.8K +2.82% $0.00 1.67M Jan 1, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock will vest proportionately over a three-year period beginning on December 31, 2022; the restricted stock will fully vest on December 31, 2024.
F2 The restricted stock will vest on December 31, 2024, with vesting being subject to the price of the Common Stock experiencing an 8.5% compounded annual increase over that three-year period. The starting price of the Common Stock for the calculation is $10.48 per share, which was the closing price per share on December 31, 2021.