David A. Glazer - 15 May 2023 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role
Director
Signature
/s/Barbara Wallace, Attorney-in-Fact for David A. Glazer
Issuer symbol
GROV
Transactions as of
15 May 2023
Net transactions value
$0
Form type
4
Filing time
17 May 2023, 18:14:50 UTC
Previous filing
12 May 2023
Next filing
19 May 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 +9,799 +10% 107,465 15 May 2023 Direct F1
transaction GROV Class A Common Stock Options Exercise +5,025 +4.7% 112,490 15 May 2023 Direct F1
transaction GROV Class A Common Stock Options Exercise +5,027 +4.5% 117,517 15 May 2023 Direct F1
transaction GROV Class A Common Stock Options Exercise +142,156 +121% 259,673 15 May 2023 Direct F1

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 -9,799 -9.1% 97,995 15 May 2023 Class A Common Stock 9,799 Direct F1, F2, F3
transaction GROV Restricted Stock Units Options Exercise -5,025 -9.1% 50,254 15 May 2023 Class A Common Stock 5,025 Direct F1, F3, F4
transaction GROV Restricted Stock Units Options Exercise -5,027 -100% 0 15 May 2023 Class A Common Stock 5,027 Direct F1, F3, F5
transaction GROV Restricted Stock Units Options Exercise -142,156 -100% 0 15 May 2023 Class A Common Stock 142,156 Direct F1, F3, 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 RSUs vest 25% on November 15, 2022, and then in quarterly installments for the next 36 months.
F3 The RSUs have no expiration date.
F4 These RSUs will vest in equal installments on each February 15, May 15, August 15 and November 15 until becoming fully vested on November 15, 2025, subject to the Reporting Person's continued service with the Issuer through each applicable vesting 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 fully vest on the earlier of May 15, 2023 or the date of the 2023 Annual Meeting of Stockholders.