John Lindeman - Feb 15, 2024 Form 4 Insider Report for HYDROFARM HOLDINGS GROUP, INC. (HYFM)

Role: CFO
Signature: /s/ B. John Lindeman
Stock symbol: HYFM
Transactions as of: Feb 15, 2024
Transactions value $: -$3,606
Form type: 4
Date filed: 2/20/2024, 04:06 PM
Previous filing: Jan 19, 2024
Next filing: Feb 27, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HYFM	Common Stock, $0.0001 par value per share	Award	$0	+17.4K	+5.56%	$0.00	329K	Feb 15, 2024	Direct	F1
transaction	HYFM	Common Stock, $0.0001 par value per share	Tax liability	-$3.61K	-4K	-1.22%	$0.90	325K	Feb 19, 2024	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 24, 2023, Mr. Lindeman was granted performance stock units ("PSUs") under the Issuer's 2020 Equity Incentive Plan. Each PSU represents the right, upon achievement of certain specified performance-based vesting criteria, to receive one share of the Issuer's common stock. On February 15, 2024, the Board of Directors determined that certain of the performance-based conditions were met resulting in 17,360 PSUs earned by Mr. Lindeman.
F2	Shares withheld to satisfy tax withholding obligation applicable to the vesting of 8,378 stock-settled restricted stock units, which may be settled, on a 1-for-1 basis, only in shares of common stock. Fractional amounts have been rounded to the nearest whole number.

Content

On March 24, 2023, Mr. Lindeman was granted performance stock units ("PSUs") under the Issuer's 2020 Equity Incentive Plan. Each PSU represents the right, upon achievement of certain specified performance-based vesting criteria, to receive one share of the Issuer's common stock. On February 15, 2024, the Board of Directors determined that certain of the performance-based conditions were met resulting in 17,360 PSUs earned by Mr. Lindeman.

Shares withheld to satisfy tax withholding obligation applicable to the vesting of 8,378 stock-settled restricted stock units, which may be settled, on a 1-for-1 basis, only in shares of common stock. Fractional amounts have been rounded to the nearest whole number.