Sergio Cervantes - Mar 1, 2023 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role
Chief Financial Officer
Signature
/s/ Barbara Wallace, Attorney-in-Fact for Sergio Cervantes
Stock symbol
GROV
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
4
Date filed
3/2/2023, 12:38 PM
Previous filing
Dec 28, 2022
Next filing
Apr 14, 2023

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 Award +1.56M 1.56M Mar 1, 2023 Class A Common Stock 1.56M Direct F1, F2, F3
* 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 1/10th of the shares subject to the Award shall vest on each of the Company's Standard Quarterly Vesting Dates (February 15th, May 15th, August 15th and November 15th of each year; provided, that if such date occurs on a weekend or federal holiday, vesting shall occur on the next business day) beginning with the first quarterly vesting date in the next calendar quarter following the Vesting Commencement Date.
F3 The RSUs have no expiration date.