Gregory Kevin Sanders - 06 Dec 2022 Form 4 Insider Report for GrowGeneration Corp. (GRWG)

Role
Chief Financial Officer
Signature
Gregory Sanders
Issuer symbol
GRWG
Transactions as of
06 Dec 2022
Net transactions value
+$211,746
Form type
4
Filing time
14 Feb 2023, 17:22:34 UTC
Previous filing
17 Aug 2022
Next filing
05 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRWG Common Stock Award $37,564 +7,351 +112% $5.11 13,913 06 Dec 2022 Direct F1
transaction GRWG Common Stock Award $14,396 +2,666 +19% $5.40 16,579 15 Dec 2022 Direct F2
transaction GRWG Common Stock Award $57,586 +10,664 +64% $5.40 27,243 15 Dec 2022 Direct F3

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
transaction GRWG Common Stock Option Options Exercise $102,200 +20,000 $5.11 20,000 06 Dec 2022 Common Stock 20,000 $3.84 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 6, 2022, 7,351 shares were issued by the Issuer pursuant to a cashless exercise by the Reporting Person to purchase 20,000 shares of common stock.
F2 Pursuant to a restricted stock unit award agreement dated January 5, 2022, the Reporting Person was granted 15,000 restricted stock units, which will vest in four equal installments of 3,750 restricted stock units on each December 15 following the grant date. The first installment vested on December 15, 2022, of which 1,084 shares were withheld by the Issuer to satisfy the applicable tax withholding obligation and 2,666 shares of common stock were issued to the Reporting Person.
F3 Pursuant to a restricted stock unit award agreement dated August 9, 2022, the Reporting Person was granted 90,000 restricted stock units, which will vest in six equal installments of 15,000 restricted stock units on each December 15 and June 15 following the grant date. The first installment vested on December 15, 2022, of which 4,336 shares of common stock were withheld by the Issuer to satisfy the applicable tax withholding obligation and 10,664 shares of common stock were issued to the Reporting Person.
F4 Other than the options exercised on December 6, 2022, the Reporting Person also owns another option to purchase 20,000 shares of common stock at an exercise price of $3.84/share.