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
                                                                                  
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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 * Bonnette Jonathan Eric 2. Issuer Name and Ticker or Trading Symbol GROW CAPITAL, INC. [ GRWC ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    __X__ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
CTO
(Last)         (First)         (Middle)
2285 CORAL RIDGE AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)
10/1/2020
(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  10/1/2020    A    20356.0000  A  (1) 637286.0000 (3) D 
 
Common Stock  8/19/2020    A    911254.0000  A  (4) 1857824.0000 (3) I  Footnote 2 (2)

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)  Fully vested shares issued as compensation for the 4th quarter of 2020 service.
(2)  Reflects percentage of ownership of Zeake LLC.
(3)  Total amount reflects effect of 1-for-20 reverse stock split effective 7/30/2020.
(4)  Shares acquired at a priced based on the 10-day volume weighted average price per share of $0.05343 calculated immediately before the date that the reverse stock split of Grow Capital, Inc. common stock became effective on OTCQB, July 30, 2020, in exchange for membership interests of PERA LLC as consideration for the acquisition of PERA LLC by Grow Capital, Inc. on August 19, 2020.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Bonnette Jonathan Eric
2285 CORAL RIDGE AVENUE
HENDERSON, NV 89052
X X CTO

Signatures
/s/ Jonathan Bonnette 10/14/2020
**Signature of Reporting Person Date
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