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

Role
Chief Digital Officer, Director
Signature
/s/ Barbara Wallace, Attorney-in-Fact for Christopher Clark
Issuer symbol
GROV
Transactions as of
15 Feb 2023
Net transactions value
-$28,033
Form type
4
Filing time
16 Feb 2023, 20:26:46 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 +43,836 +7.8% 604,996 15 Feb 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $6,466 -15,848 -2.6% $0.4080 589,148 15 Feb 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +9,155 +1.6% 598,303 15 Feb 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $1,351 -3,311 -0.55% $0.4080 594,992 15 Feb 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +10,806 +1.8% 605,798 15 Feb 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $1,594 -3,908 -0.65% $0.4080 601,890 15 Feb 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +11,405 +1.9% 613,295 15 Feb 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $1,682 -4,122 -0.67% $0.4080 609,173 15 Feb 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +30,625 +5% 639,798 15 Feb 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $4,517 -11,071 -1.7% $0.4080 628,727 15 Feb 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +84,222 +13% 712,949 15 Feb 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $12,423 -30,448 -4.3% $0.4080 682,501 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 -43,836 -100% 0 15 Feb 2023 Class A Common Stock 43,836 Direct F1, F3, F4
transaction GROV Restricted Stock Units Options Exercise -9,155 -50% 9,155 15 Feb 2023 Class A Common Stock 9,155 Direct F1, F4, F5
transaction GROV Restricted Stock Units Options Exercise -10,806 -50% 10,806 15 Feb 2023 Class A Common Stock 10,806 Direct F1, F4, F5
transaction GROV Restricted Stock Units Options Exercise -11,405 -24% 36,616 15 Feb 2023 Class A Common Stock 11,405 Direct F1, F4, F6
transaction GROV Restricted Stock Units Options Exercise -30,625 -20% 122,504 15 Feb 2023 Class A Common Stock 30,625 Direct F1, F4, F7
transaction GROV Restricted Stock Units Options Exercise -84,222 -50% 84,222 15 Feb 2023 Class A Common Stock 84,222 Direct F1, F4, F5
* 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 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 he resigns for good reason.
F4 The RSUs have no expiration date.
F5 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
F6 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.
F7 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, 2024, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.