4//SEC Filing
Stiefel Sean 4
Accession 0001019056-21-000249
CIK 0001604868other
Filed
Apr 15, 8:00 PM ET
Accepted
Apr 16, 4:08 PM ET
Size
16.2 KB
Accession
0001019056-21-000249
Insider Transaction Report
Form 4
Stiefel Sean
Director
Transactions
- Exercise of In-Money
Common Stock
2021-04-15$0.35/sh+166,667$58,333→ 394,213 total(indirect: See Footnotes) - Exercise of In-Money
Common Stock
2021-04-15$3.50/sh+112,903$395,161→ 507,116 total(indirect: See Footnotes) - Sale
Common Stock
2021-04-15$47.58/sh−8,305$395,152→ 498,811 total(indirect: See Footnotes) - Exercise of In-Money
Warrant
2021-04-15−166,667→ 0 total(indirect: See Footnote)Exercise: $0.35From: 2018-05-09Exp: 2021-05-09→ Common Stock (166,667 underlying) - Exercise of In-Money
Warrant
2021-04-15−112,903→ 0 total(indirect: See Footnote)Exercise: $3.50From: 2019-06-04Exp: 2022-06-04→ Common Stock (112,903 underlying) - Other
Common Stock
2021-04-15+0→ 111,252 total
Footnotes (3)
- [F1]Sean Stiefel (the "Reporting Person") is a manager and Chief Executive Officer of Navy Capital Green Management, LLC ("NCG") and a manager of Navy Capital Green Management Partners, LLC ("NCGMP"). NCGMP is the general partner of Navy Capital Green Fund, LP (the "Fund"). NCG is the investment manager of the Fund. This Form 4 is being filed by the Reporting Person as a result of (i) cash exercise by the Fund of warrants to purchase shares of Common Stock, and (ii) cashless exercise by the Fund of warrants to purchase shares of Common Stock. The amount of 498,811 in Table I reflects the aggregate amount of Common Stock held by the Fund directly after giving effect to the exercise of the warrants requiring the filing of this statement.
- [F2]On April 15, 2021, the Fund exercised a warrant to purchase 112,903 shares of Issuer's common stock for $3.50 a share. The Fund paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 8,305 of the warrant shares to pay the exercise price and issuing to the Fund the remaining 104,598 shares.
- [F3]Following the warrant exercises by the Fund of warrants owned to purchase shares of Common Stock of the Issuer, the Reporting Person indirectly owns a total of 498,811 shares of Common Stock held by the Fund, and directly owns 111,252 shares of Common Stock.
Documents
Issuer
GrowGeneration Corp.
CIK 0001604868
Entity typeother
Related Parties
1- filerCIK 0001765017
Filing Metadata
- Form type
- 4
- Filed
- Apr 15, 8:00 PM ET
- Accepted
- Apr 16, 4:08 PM ET
- Size
- 16.2 KB