[Form 4] HYDROFARM HOLDINGS GROUP, INC. Insider Trading Activity

Rhea-AI Filing Summary

Richard Christopher Yetter, a director of Hydrofarm Holdings Group, Inc. (HYFM), reported changes in beneficial ownership on 10/01/2025. He received an award of 20,000 restricted stock units (RSUs) that vest on 06/09/2026; each RSU converts to one share upon vesting. The report also shows Mr. Yetter is linked indirectly to 305,000 shares through Dumont Master Fund LP, although he disclaims beneficial ownership except for his pecuniary interest. Following the transaction, Mr. Yetter directly owns 20,000 shares and is reported as having indirect exposure to 305,000 shares. The Form 4 was signed by Mr. Yetter on 10/01/2025.

Positive

• 20,000 restricted stock units awarded to a director, aligning management and shareholder interests
• Vesting schedule set to 06/09/2026, creating a clear performance/retention timeline

Negative

• 305,000 shares reported indirectly via Dumont Master Fund LP, though beneficial ownership is disclaimed

Insights

Corporate Governance Analyst

Director received 20,000 RSUs vesting 06/09/2026; indirect stake of 305,000 shares noted.

The grant of 20,000 restricted stock units to a director is a routine compensation event that aligns the director's interests with shareholders by deferring value until vesting on 06/09/2026.

The filing discloses an indirect position of 305,000 shares through Dumont Master Fund LP; the reporting person explicitly disclaims beneficial ownership beyond pecuniary interest, a standard legal qualification that limits interpretation of control.

Insider Transactions Specialist

Transaction coded as acquisition (A) on 10/01/2025 at $0 for RSUs; vesting creates potential future share issuance.

The Form 4 shows the RSUs were awarded with a reported price of $0, reflecting grant-of-unit reporting rather than a market purchase. Upon vesting the company may issue up to 20,000 shares, which could have a modest dilutive effect depending on total outstanding shares.

SEC Form 4

FORM 4

UNITED 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).

1. Name and Address of Reporting Person^*

Yetter Richard Christopher

(Last) (First) (Middle)

1510 MAIN STREET

(Street)

SHOEMAKERSVILLE PA 19526

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HYDROFARM HOLDINGS GROUP, INC. [ HYFM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.0001 par value per share	10/01/2025		A		20,000(1)	A	$0	20,000	D
Common Stock, $0.0001 par value per share								305,000	I	Dumont Master Fund LP(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reporting person received an award of 20,000 restricted stock units on October 1, 2025 which vest on June 9, 2026. Each restricted stock unit represents a right to receive one share of common stock upon vesting.

2. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

Remarks:

	/s/ Christopher Richard Yetter	10/01/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did HYFM director Richard Yetter report on Form 4?

He reported receipt of 20,000 restricted stock units on 10/01/2025 that vest on 06/09/2026 and an indirect position of 305,000 shares via Dumont Master Fund LP.

When do the awarded RSUs to Richard Yetter vest?

The 20,000 restricted stock units vest on 06/09/2026.

Does the Form 4 show a cash purchase for the RSUs?

No; the transaction is reported with a price of $0, reflecting a grant of units rather than a market purchase.

How many shares does Richard Yetter directly and indirectly hold after the reported transaction?

Following the report he directly holds 20,000 shares (from RSUs) and is associated with an indirect holding of 305,000 shares.

What entity is associated with the indirect holding reported by Yetter?

The indirect holding is reported as held by Dumont Master Fund LP.