ALLAN MARSHALL - 24 Jun 2021 Form 3 Insider Report for GROVE, INC. (UPXI)

Role
CEO, Director, 10%+ Owner
Signature
/s/ Allan Marshall
Issuer symbol
UPXI
Transactions as of
24 Jun 2021
Transactions value $
$0
Form type
3
Filing time
24 Jun 2021, 11:32:19 UTC
Next filing
30 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding UPXI Common Stock 2.53M 24 Jun 2021 Direct F1

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 Preferred Stock 24 Jun 2021 Common Stock 278K Direct F1, F2, F4
holding UPXI Employee Stock Option Grant 24 Jun 2021 Common Stock 833K Direct F1, F3
* 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 Each share of preferred stock is convertible immediately into one share of common stock.
F3 793,210 options are vested and shall be exercisable for a price of $1.53 per option share for 10 years from June 1, 2019 (the "Grant Date"). 40,123 options shall vest June 30, 2021 and be exercisable for a price of $1.53 per option share for ten years from the Grant Date.
F4 N/A