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  4. [Form 4] GrowGeneration Corp. Insider Trading Activity

GrowGeneration (GRWG) president receives 50,000-share equity grant and discloses holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Salaman Michael reported acquisition or exercise transactions in this Form 4 filing.

GrowGeneration Corp. President Michael Salaman reported an equity award and updated holdings. He received 50,000 shares of common stock as a grant or award at a price of $0.00 per share, bringing his direct holdings to 1,789,313 shares.

The award relates to an employment agreement dated September 30, 2024 under which he was granted 200,000 restricted stock units, vesting in four equal installments of 50,000 units on each June 15 and December 15 over a two-year period. The filing also notes 437,441 shares held indirectly, including 387,441 shares owned by a spousal trust for which he disclaims beneficial ownership and 50,000 shares held by a charitable fund over which he has voting and dispositive power.

Positive

  • None.

Negative

  • None.
Insider Salaman Michael
Role President
Type Security Shares Price Value
Grant/Award Common Stock 50,000 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 1,789,313 shares (Direct, null); Common Stock — 437,441 shares (Indirect, See Footnote)
Footnotes (1)
  1. Pursuant to an employment agreement dated September 30, 2024, the Reporting Person was granted 200,000 restricted stock units. Such 200,000 restricted stock units will vest in four equal installments of 50,000 restricted stock units on each June 15 and December 15 over a two-year period. Includes: 387,441 shares of common stock owned by a spousal trust, of which the Reporting Person disclaims beneficial ownership; and 50,000 shares of common stock owned by a charitable fund, of which the Reporting Person is the trustee and holds voting and dispositive power over the shares.
Equity grant 50,000 shares Common Stock grant coded “A” at $0.00 per share
Grant price $0.00 per share Price per share for the 50,000-share grant
Direct holdings after grant 1,789,313 shares Common Stock directly owned following the award
Indirect holdings 437,441 shares Common Stock held via spousal trust and charitable fund
RSU grant total 200,000 restricted stock units Granted under employment agreement dated September 30, 2024
RSU vesting schedule 4×50,000 units Vesting on each June 15 and December 15 over two years
restricted stock units financial
"the Reporting Person was granted 200,000 restricted stock units. Such 200,000 restricted stock units will vest"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting financial
"will vest in four equal installments of 50,000 restricted stock units on each June 15 and December 15"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
spousal trust financial
"Includes: 387,441 shares of common stock owned by a spousal trust, of which the Reporting Person disclaims beneficial ownership"
charitable fund financial
"and 50,000 shares of common stock owned by a charitable fund, of which the Reporting Person is the trustee"
disclaims beneficial ownership financial
"owned by a spousal trust, of which the Reporting Person disclaims beneficial ownership"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Salaman Michael
(Last)(First)(Middle)
1330 WAVERLY ROAD
(Street)
GLADWYNE PENNSYLVANIA 19035
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
GrowGeneration Corp. [ GRWG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/15/2026A50,000A$01,789,313(1)D
Common Stock437,441ISee Footnote(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Pursuant to an employment agreement dated September 30, 2024, the Reporting Person was granted 200,000 restricted stock units. Such 200,000 restricted stock units will vest in four equal installments of 50,000 restricted stock units on each June 15 and December 15 over a two-year period.
2. Includes: 387,441 shares of common stock owned by a spousal trust, of which the Reporting Person disclaims beneficial ownership; and 50,000 shares of common stock owned by a charitable fund, of which the Reporting Person is the trustee and holds voting and dispositive power over the shares.
Remarks:
/s/ Michael Salaman06/16/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did GrowGeneration (GRWG) President Michael Salaman report in this Form 4?

Michael Salaman reported an equity award and updated his holdings. He received 50,000 shares of GrowGeneration common stock as a grant at $0.00 per share, bringing his direct ownership to 1,789,313 shares, plus additional indirect holdings through related entities.

How many GrowGeneration (GRWG) shares did Michael Salaman acquire in this transaction?

He acquired 50,000 shares of GrowGeneration common stock. The shares were reported with a transaction code “A,” indicating a grant or award acquisition, at a stated price of $0.00 per share, reflecting compensation rather than an open-market purchase.

What is the size and vesting schedule of Michael Salaman’s RSU grant at GrowGeneration (GRWG)?

His employment agreement granted 200,000 restricted stock units. These RSUs vest in four equal installments of 50,000 units on each June 15 and December 15 over a two-year period, and this Form 4 reflects one such 50,000-unit vesting event.

What are Michael Salaman’s direct GrowGeneration (GRWG) share holdings after this filing?

After the reported grant, Michael Salaman directly holds 1,789,313 shares of GrowGeneration common stock. This figure reflects his position following the 50,000-share grant reported with transaction code “A” on the transaction date in the filing.

Was this GrowGeneration (GRWG) Form 4 an open-market buy or sell by Michael Salaman?

No, the Form 4 does not show an open-market buy or sell. The main transaction is coded “A,” indicating a grant or award acquisition of 50,000 shares at $0.00 per share, which is a compensation-related equity grant rather than market trading.