Form 4: GrowGeneration CEO Darren Lampert Reports Significant RSU Vesting as Part of Compensation Plan

GrowGeneration Corp. CEO and Director Darren Lampert has reported the vesting of 50,000 restricted stock units (RSUs) as part of his employment agreement, increasing his direct beneficial ownership.

Summary

• Darren Lampert, CEO, Director, and 10% Owner of GrowGeneration Corp. (GRWG), filed a Form 4 reporting a change in beneficial ownership.
• On June 15, 2025, Mr. Lampert acquired 50,000 shares of common stock through the vesting of restricted stock units (RSUs).
• This RSU grant is the first of four equal installments, totaling 200,000 RSUs, which will vest on June 15 and December 15 over a two-year period, pursuant to an employment agreement dated September 30, 2024.
• Following this transaction, Mr. Lampert directly beneficially owns 1,778,522 shares of common stock.
• Additionally, Mr. Lampert indirectly beneficially owns 138,474 shares, which include 88,474 shares held by a spousal trust (beneficial ownership disclaimed) and 50,000 shares held by a charitable fund where he serves as trustee with voting and dispositive power.

Sentiment

Score: 7

Explanation: The vesting of RSUs for the CEO is a positive sign of continued alignment between management and shareholder interests, as it increases insider ownership. While not a direct cash purchase, it reflects a structured compensation plan.

Positives

• The vesting of restricted stock units increases the CEO's direct beneficial ownership, aligning his interests more closely with shareholders.
• The RSU grant is part of a structured employment agreement, indicating a long-term commitment from the CEO to the company's performance.

Future Outlook

The document indicates future vesting events for Darren Lampert's restricted stock units, with three additional installments of 50,000 RSUs expected to vest on December 15, 2025, June 15, 2026, and December 15, 2026, as part of his two-year employment agreement.

Management Comments

• The reported transaction is pursuant to an employment agreement dated September 30, 2024, under which the Reporting Person was granted 200,000 restricted stock units.

Industry Context

This Form 4 filing is a standard disclosure of insider equity compensation and does not provide broader industry context or trends. It reflects a routine compensation event for a key executive within the specialized hydroponic and organic gardening retail industry.

Related Party Transactions

• The grant and vesting of restricted stock units to Darren Lampert, the CEO, is a transaction with a related party (executive compensation).
• Indirect beneficial ownership includes 88,474 shares held by a spousal trust, for which the Reporting Person disclaims beneficial ownership.
• Indirect beneficial ownership includes 50,000 shares held by a charitable fund, of which the Reporting Person is the trustee and holds voting and dispositive power.

Stakeholder Impact

• Shareholders: Increased alignment of CEO's interests with shareholders due to higher equity ownership.
• Employees: Standard executive compensation practices are being followed, which can be a positive signal for internal stability.

Next Steps

• Future vesting of 50,000 restricted stock units on December 15, 2025.
• Future vesting of 50,000 restricted stock units on June 15, 2026.
• Future vesting of 50,000 restricted stock units on December 15, 2026.

Key Dates

Keywords

GrowGeneration Corp., GRWG, Darren Lampert, SEC Form 4, Restricted Stock Units, RSU vesting, Insider ownership, CEO compensation, Equity compensation, Beneficial ownership