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
Estimated average burden
hours per response...
0.5
                      
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
__X__ Officer (give title below)    _____ Other (specify below)
CEO and President
(Last)         (First)         (Middle)
688 CHILDRENS WAY
3. Date of Earliest Transaction (MM/DD/YYYY)
6/2/2020
(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  6/2/2020    A    473560.0000  A $0.0320  1379859.0000  I  Footnote (1)
Common Stock  6/24/2020    P    1200000.0000  A $0.0500  1200000.0000  I  Footnote (2)
Common Stock  6/24/2020    P    935275.0000  A $0.0500  935275.0000  I  Footnote (3)
Common Stock  7/13/2020    A    1000000.0000  A  (4) 12479469.0000  D 
 
Common Stock                 2334002.0000  I  Footnote (5)
Common Stock                 2500000.0000  I  Footnote (6)
Common Stock                 4000000.0000  I  Footnote (7)
Common Stock                 8300898.0000  I  Footnote (8)
Common Stock                 18931410.0000  I  Footnote (9)

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 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.
(2)  The Reporting Person is sole owner and the manager of Appreciation Rewards, LLC.
(3)  Reflects percentage ownership of PERA, LLC.
(4)  Fully vested shares issued as compensation for the three-month period beginning July 1, 2020.
(5)  The Reporting Person is sole owner and the manager of Journey, Home 4 Teens LLC.
(6)  The Reporting Person is a 50% owner and the manager of Off the Wall, LLC.
(7)  The Reporting Person is a 50% owner and the manager of Racing 123, LLC.
(8)  The Reporting Person is the manager and ultimate beneficial owner of AYG LLC.
(9)  Reflects percentage ownership of Zeake, LLC.

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

X CEO and President

Signatures
/s/ Terry Kennedy 7/16/2020
**Signature of Reporting Person Date