Sculptor Capital Management, Inc. - Nov 11, 2022 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role
10%+ Owner
Signature
SCULPTOR CAPITAL MANAGEMENT, INC /s/ Wayne Cohen, President and Chief Operating Officer
Stock symbol
GROV
Transactions as of
Nov 11, 2022
Transactions value $
-$87,840
Form type
4
Date filed
11/15/2022, 04:03 PM
Previous filing
Oct 14, 2022
Next filing
Nov 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GROV Class A Common Stock Conversion of derivative security $0 +9.14M $0.00 9.14M Nov 11, 2022 By SCM GC Investments Limited F1, F2
transaction GROV Class A Common Stock Sale -$87.8K -72K -0.79% $1.22 9.07M Nov 11, 2022 By SCM GC Investments Limited F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GROV Class B Common Stock Conversion of derivative security $0 +9.14M $0.00 818K Nov 11, 2022 Class A Common Stock 9.14M By SCM GC Investments Limited F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.
F2 SCM GC Investments Limited is wholly-owned by Sculptor Master Fund Ltd. Sculptor Capital LP is the investment adviser to Sculptor Master Fund, Ltd. Sculptor Capital Holding Corporation serves as the sole general partner of Sculptor Capital LP. Sculptor Capital Management, Inc. is a holding company that is the sole shareholder of Sculptor Capital Holding Corporation. As a result, the Sculptor Master Fund Ltd may be deemed to share beneficial ownership of the securities held of record by SCM GC Investments Limited. Sculptor Master Fund Ltd disclaims beneficial ownership of the shares held by SCM GC Investments Limited except to the extent of its pecuniary interest therein and the inclusion of such shares in this report shall not be an admission of beneficial ownership for purposes of Section 16 or any other purpose.
F3 The price reported is a weighted average price. These shares of Class A Common Stock were sold in multiple transactions ranging from $1.12 to $1.29, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.