Jennie Perry - 15 Feb 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
Issuer symbol: GROV
Transactions as of: 15 Feb 2023
Net transactions value: -$18,087
Form type: 4
Filing time: 16 Feb 2023, 20:22:35 UTC
Previous filing: 12 Dec 2022
Next filing: 02 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GROV	Class A Common Stock	Options Exercise		+4,578	+1.9%		245,406	15 Feb 2023	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	$561	-1,376	-0.56%	$0.4080	244,030	15 Feb 2023	Direct	F2
transaction	GROV	Class A Common Stock	Options Exercise		+17,175	+7%		261,205	15 Feb 2023	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	$2,106	-5,162	-2%	$0.4080	256,043	15 Feb 2023	Direct	F2
transaction	GROV	Class A Common Stock	Options Exercise		+18,309	+7.2%		274,352	15 Feb 2023	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	$2,245	-5,502	-2%	$0.4080	268,850	15 Feb 2023	Direct	F2
transaction	GROV	Class A Common Stock	Options Exercise		+48,651	+18%		317,501	15 Feb 2023	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	$5,965	-14,620	-4.6%	$0.4080	302,881	15 Feb 2023	Direct	F2
transaction	GROV	Class A Common Stock	Options Exercise		+58,801	+19%		361,682	15 Feb 2023	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	$7,209	-17,670	-4.9%	$0.4080	344,012	15 Feb 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		-4,578	-50%		4,578	15 Feb 2023	Class A Common Stock	4,578		Direct	F1, F3, F4
transaction	GROV	Restricted Stock Units	Options Exercise		-17,175	-6.5%		247,248	15 Feb 2023	Class A Common Stock	17,175		Direct	F1, F4, F5
transaction	GROV	Restricted Stock Units	Options Exercise		-18,309	-33%		36,614	15 Feb 2023	Class A Common Stock	18,309		Direct	F1, F4, F5
transaction	GROV	Restricted Stock Units	Options Exercise		-48,651	-50%		48,651	15 Feb 2023	Class A Common Stock	48,651		Direct	F1, F3, F4
transaction	GROV	Restricted Stock Units	Options Exercise		-58,801	-100%		0	15 Feb 2023	Class A Common Stock	58,801		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.