Form 4: Grown Rogue Insiders Boost Stake with New Share Acquisition

A group of insiders, including Mindset Value Wellness Fund LP and Aaron Edelheit, acquired 97,500 shares of Grown Rogue International Inc. common stock.

Summary

• Mindset Value Wellness Fund LP, Mindset Value Fund LP, W&GP Fund 1 LLC, Mindset Capital LLC, and Aaron Edelheit, all identified as Directors and 10% Owners of Grown Rogue International Inc. (GRUSF), collectively acquired 97,500 shares of common stock.
• The acquisition occurred on September 29, 2025, at a price of $0.421 per share.
• Following this transaction, the reporting persons collectively beneficially own 38,052,933 shares of Grown Rogue International Inc. common stock.
• Aaron Edelheit, as Managing Member of Mindset Capital LLC (General Partner of Mindset Value Fund LP and Mindset Value Wellness Fund LP, and Managing Member of W&GP Fund 1 LLC), possesses the power to vote and direct the disposition of the shares acquired by these funds.
• Mindset Value Wellness Fund LP specifically holds 15,625,529 shares indirectly.

Sentiment

Score: 8

Explanation: The acquisition of shares by multiple insiders, including directors and 10% owners, at a specific price, indicates strong confidence in the company's future. This is a clear positive signal from those with intimate knowledge of the company.

Positives

• Significant insider buying by a group of directors and 10% owners, indicating confidence in the company's future prospects.
• The acquisition of 97,500 shares at $0.421 per share increases the collective beneficial ownership to 38,052,933 shares, reinforcing alignment with shareholder interests.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance.

Industry Context

The acquisition of additional shares by a significant insider group, including directors and 10% owners, typically signals strong internal confidence in the company's strategic direction and future performance, potentially differentiating it from competitors in its sector.

Related Party Transactions

• The acquisition of 97,500 shares of Grown Rogue International Inc. common stock by Mindset Value Wellness Fund LP, Mindset Value Fund LP, W&GP Fund 1 LLC, Mindset Capital LLC, and Aaron Edelheit constitutes a related party transaction, as these entities and individual are identified as Directors and 10% Owners of the issuer.
• Aaron Edelheit, as Managing Member of Mindset Capital LLC, which serves as the General Partner of Mindset Value Fund LP and Mindset Value Wellness Fund LP, and the Managing Member of W&GP Fund 1 LLC, has control over the voting and disposition of the shares acquired by these funds.

Stakeholder Impact

• Shareholders: The insider buying could be perceived positively, potentially boosting investor confidence and signaling a belief in future stock appreciation.
• Management: The increased ownership by key insiders strengthens their alignment with the company's long-term performance.

Key Dates

Recommendation

The acquisition of shares by multiple insiders, including directors and 10% owners, at a specific price, signals strong confidence in the company's future prospects. Insider buying is often interpreted by seasoned investors as a bullish indicator, suggesting that those with the most intimate knowledge of the company believe the stock is undervalued or poised for growth. This action aligns insider interests with those of other shareholders and could precede positive operational developments.

Keywords

Grown Rogue International, GRUSF, Mindset Value Wellness Fund, Mindset Value Fund, W&GP Fund 1, Mindset Capital, Aaron Edelheit, Insider Buying, SEC Form 4, Beneficial Ownership, Stock Acquisition, Director Ownership, 10% Owner