Filing Details

Accession Number:
0001477932-22-001943
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-04-01 14:42:15
Reporting Period:
2022-03-30
Accepted Time:
2022-04-01 14:42:15
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1775194 Grove Inc. GRVI () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1592481 Gene Salkind C/O Grove Inc.
1710 Whitney Mesa Drive
Henderson NV 89014
No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2022-03-30 125,000 $4.00 125,000 No 4 P Indirect Trustee
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect Trustee
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 2,352,942 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Option Grant $1.53 2022-02-01 2031-02-21 27,778 27,778 Direct
Common Option Grant $4.18 2024-07-21 2032-02-21 50,000 50,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2031-02-21 27,778 27,778 Direct
2032-02-21 50,000 50,000 Direct
Footnotes
  1. 125,000 shares were purchased at $4.00 per share in a private transaction through the Marital Trust GST subject U/W/O Leopold Salkind Gene Salkind, Trustee and considered indirect ownership of Gene Salkind
  2. 27,778 options are vested and shall be exercisable for a price of $1.53 for 10 years from February 1, 2021 (the "Grant Date")
  3. 16,667 options are vested and shall be exercisable for a price of $4.18 for 10 years from July 21, 2022 (the "Grant Date"). 33,333 options share vest on a monthly basis over a two year period and exercisable for a price of $4.18 per option share for a ten year period of 10 years from the Grant Date.
  4. 2,352,941 previously purchased and are jointly owned with Catherine Salkind.