James H. Dennedy - 01 Jan 2022 Form 4 Insider Report for urban-gro, Inc. (UGRO)

Role
President and COO, Director
Signature
/s/ James H. Dennedy
Issuer symbol
UGRO
Transactions as of
01 Jan 2022
Net transactions value
$0
Form type
4
Filing time
08 Feb 2022, 16:02:21 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UGRO Restricted Stock Award $0 +42,939 +18% $0.000000 280,354 01 Jan 2022 Direct F1
transaction UGRO Restricted Stock Award $0 +42,939 +15% $0.000000 323,293 01 Jan 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.