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

Role
President & CEO, Director, 10%+ Owner
Signature
/s/ Barbara Wallace, Attorney-in-Fact for Stuart Landesberg
Issuer symbol
GROV
Transactions as of
15 Feb 2023
Net transactions value
-$187,388
Form type
4
Filing time
16 Feb 2023, 20:32:04 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 +9,155 +0.56% 1,636,726 15 Feb 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $1,292 -3,166 -0.19% $0.4080 1,633,560 15 Feb 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +10,889 +0.67% 1,644,449 15 Feb 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $1,537 -3,766 -0.23% $0.4080 1,640,683 15 Feb 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +18,307 +1.1% 1,658,990 15 Feb 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $3,046 -7,466 -0.45% $0.4080 1,651,524 15 Feb 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +140,204 +8.5% 1,791,728 15 Feb 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $23,328 -57,176 -3.2% $0.4080 1,734,552 15 Feb 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +268,242 +15% 2,002,794 15 Feb 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $37,846 -92,759 -4.6% $0.4080 1,910,035 15 Feb 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +824,774 +43% 2,734,809 15 Feb 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $120,340 -294,952 -11% $0.4080 2,439,857 15 Feb 2023 Direct F2
holding GROV Class A Common Stock 617,794 15 Feb 2023 See footnote 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 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 -10,889 -50% 10,889 15 Feb 2023 Class A Common Stock 10,889 Direct F1, F4, F5
transaction GROV Restricted Stock Units Options Exercise -18,307 -33% 36,616 15 Feb 2023 Class A Common Stock 18,307 Direct F1, F5, F6
transaction GROV Restricted Stock Units Options Exercise -140,204 -10% 1,231,467 15 Feb 2023 Class A Common Stock 140,204 Direct F1, F5, F6
transaction GROV Restricted Stock Units Options Exercise -268,242 -50% 268,242 15 Feb 2023 Class A Common Stock 268,242 Direct F1, F4, F5
transaction GROV Restricted Stock Units Options Exercise -824,774 -50% 824,774 15 Feb 2023 Class A Common Stock 824,774 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 securities are directly held by The Landesberg Living Trust, dated October 15, 2021, for which the Reporting Person and his spouse serve as co-trustees.
F4 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
F5 The RSUs have no expiration 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.