Jennie Perry - Feb 15, 2023 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role
Chief Marketing Officer
Signature
/s/ Barbara Wallace, Attorney-in-Fact for Jennie Perry
Stock symbol
GROV
Transactions as of
Feb 15, 2023
Transactions value $
-$18,087
Form type
4
Date filed
2/16/2023, 08:22 PM
Previous filing
Dec 12, 2022
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GROV Class A Common Stock Options Exercise +4.58K +1.9% 245K Feb 15, 2023 Direct F1
transaction GROV Class A Common Stock Tax liability -$561 -1.38K -0.56% $0.41 244K Feb 15, 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +17.2K +7.04% 261K Feb 15, 2023 Direct F1
transaction GROV Class A Common Stock Tax liability -$2.11K -5.16K -1.98% $0.41 256K Feb 15, 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +18.3K +7.15% 274K Feb 15, 2023 Direct F1
transaction GROV Class A Common Stock Tax liability -$2.24K -5.5K -2.01% $0.41 269K Feb 15, 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +48.7K +18.1% 318K Feb 15, 2023 Direct F1
transaction GROV Class A Common Stock Tax liability -$5.96K -14.6K -4.6% $0.41 303K Feb 15, 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +58.8K +19.41% 362K Feb 15, 2023 Direct F1
transaction GROV Class A Common Stock Tax liability -$7.21K -17.7K -4.89% $0.41 344K Feb 15, 2023 Direct F2

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 Restricted Stock Units Options Exercise -4.58K -50% 4.58K Feb 15, 2023 Class A Common Stock 4.58K Direct F1, F3, F4
transaction GROV Restricted Stock Units Options Exercise -17.2K -6.5% 247K Feb 15, 2023 Class A Common Stock 17.2K Direct F1, F4, F5
transaction GROV Restricted Stock Units Options Exercise -18.3K -33.34% 36.6K Feb 15, 2023 Class A Common Stock 18.3K Direct F1, F4, F5
transaction GROV Restricted Stock Units Options Exercise -48.7K -50% 48.7K Feb 15, 2023 Class A Common Stock 48.7K Direct F1, F3, F4
transaction GROV Restricted Stock Units Options Exercise -58.8K -100% 0 Feb 15, 2023 Class A Common Stock 58.8K Direct F1, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A Common Stock
F2 These shares were retained by the Company in order to meet the tax withholding obligations of the award-holder in connection with the vesting of an installment of the restricted stock award. The amount retained by the Company was not in excess of the amount of the tax liability.
F3 These RSUs shall vest in two equal installments on each of February 15, 2023 and May 15, 2023, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date
F4 The RSUs have no expiration date.
F5 These RSUs will vest in equal installments on each February 15, May 15, August 15 and November 15 until becoming fully vested on February 15, 2025, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.
F6 These RSUs vest in four quarterly installments starting on May 15, 2022, with accelerated vesting following a change in control if the Reporting Person's services are terminated by the Issuer without cause or she resigns for good reason.