FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
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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
                      
1. Name and Address of Reporting Person * Kennedy Terry Joe 2. Issuer Name and Ticker or Trading Symbol GROW CAPITAL, INC. [ grwc ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)         (First)         (Middle)
688 CHILDRENS WAY
3. Date of Earliest Transaction (MM/DD/YYYY)
7/23/2019
(Street)
HENDERSON, NV 89052
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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  7/23/2019    A    6599951  A  (1) 6599951  I  Footnote (3)
Common Stock  9/3/2019    A    15534949  A  (2) 15534949  I  Footnote (3)
Common Stock  12/12/2019    P    1000000  A $0.05  14834002  I  Footnote (4)
Common Stock                 10479469  D   
Common Stock                 2500000  I  Footnote (5)
Common Stock                 4000000  I  Footnote (6)
Common Stock                 8300898  I  Footnote (7)
Common Stock                 278452  I  Footnote (8)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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)  Shares acquired at a price of $0.08159 per share in exchange for shares of Bombshell Technologies, Inc. as consideration for the acquisition of Bombshell Technologies, Inc. by Grow Capital, Inc. on July 23, 2019.
(2)  Shares acquired at a price of $0.08159 per share as the remaining consideration for the acquisition of Bombshell Technologies, Inc. by Grow Capital, Inc.
(3)  Reflects percentage ownership of Zeake, LLC.
(4)  The Reporting Person is sole owner and the manager of Journey, Home 4 Teens LLC.
(5)  The Reporting Person is a 50% owner and the manager of Off the Wall, LLC.
(6)  The Reporting Person is a 50% owner and the manager of Racing 123, LLC.
(7)  The Reporting Person is the manager and ultimate beneficial owner of AYG LLC.
(8)  Shares owned by AF1 Public Relations LLC, an entity wholly-owned by the Reporting Person's wife. The Reporting Person disclaims beneficial ownership of any securities owned directly or indirectly by the Reporting Person's wife.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Kennedy Terry Joe
688 CHILDRENS WAY
HENDERSON, NV 89052

X


Signatures
/s/ Terry Kennedy 4/17/2020
**Signature of Reporting Person Date
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