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

Role: CFO
Signature: /s/ B. John Lindeman
Issuer symbol: HYFM
Transactions as of: 15 Feb 2024
Transactions value $: -$3,606
Form type: 4
Filing time: 20 Feb 2024, 16:06:09
Previous filing: 19 Jan 2024
Next filing: 27 Feb 2024
SEC: View on sec.gov

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	15 Feb 2024	Direct	F1
transaction	HYFM	Common Stock, $0.0001 par value per share	Tax liability	-$3.61K	-4K	-1.22%	$0.90	325K	19 Feb 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.