Amended Statement of Beneficial Ownership (3/a)
August 26 2021 - 7:12PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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MARSHALL ALLAN |
2. Date of Event Requiring Statement (MM/DD/YYYY)
8/26/2021
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3. Issuer Name and Ticker or Trading Symbol
GROVE, INC. [GRVI]
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(Last)
(First)
(Middle)
1710 WHITNEY MESA DRIVE, C/O GROVE INC. |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__X__ Director ___X___ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) CEO / |
(Street)
HENDERSON, NV 89014
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY) 6/24/2021
| 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 2527778 (1) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Preferred Stock | (1)(2) | (4) | Common Stock | 277778 | (2) | D | |
Employee Stock Option Grant | (1)(3) | (3) | Common Stock | 833333 | (3) | D | |
Explanation of Responses: |
(1) | Subject to a 180-day lockup period in connection with the Issuer's initial public offering. |
(2) | Each share of preferred stock is convertible immediately into one share of common stock. |
(3) | 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 July 21,2021 and be exercisable for a price of $1.53 per option share for ten years from the Grant Date.
*Amendment to vesting start date* |
(4) | N/A |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
MARSHALL ALLAN 1710 WHITNEY MESA DRIVE C/O GROVE INC. HENDERSON, NV 89014 | X | X | CEO |
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Signatures
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/s/ Allan Marshall | | 8/26/2021 |
**Signature of Reporting Person | Date |
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