Stuart Landesberg - 15 May 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 May 2023
Net transactions value
-$457,826
Form type
4
Filing time
17 May 2023, 18:19:08 UTC
Previous filing
20 Mar 2023
Next filing
18 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 +158,510 +6.2% 2,723,367 15 May 2023 Direct F1, F2
transaction GROV Class A Common Stock Tax liability $38,706 -78,590 -2.9% $0.4925 2,644,777 15 May 2023 Direct F3
transaction GROV Class A Common Stock Options Exercise +824,774 +31% 3,469,551 15 May 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $201,395 -408,923 -12% $0.4925 3,060,628 15 May 2023 Direct F3
transaction GROV Class A Common Stock Options Exercise +10,889 +0.36% 3,071,517 15 May 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $2,659 -5,399 -0.18% $0.4925 3,066,118 15 May 2023 Direct F3
transaction GROV Class A Common Stock Options Exercise +268,242 +8.7% 3,334,360 15 May 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $65,500 -132,995 -4% $0.4925 3,201,365 15 May 2023 Direct F3
transaction GROV Class A Common Stock Options Exercise +9,155 +0.29% 3,210,520 15 May 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $2,236 -4,540 -0.14% $0.4925 3,205,980 15 May 2023 Direct F3
transaction GROV Class A Common Stock Options Exercise +225,286 +7% 3,431,266 15 May 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $55,011 -111,697 -3.3% $0.4925 3,319,569 15 May 2023 Direct F3
transaction GROV Class A Common Stock Options Exercise +378,078 +11% 3,697,647 15 May 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $92,320 -187,452 -5.1% $0.4925 3,510,195 15 May 2023 Direct F3
holding GROV Class A Common Stock 617,794 15 May 2023 See footnote

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 -158,510 -13% 1,072,957 15 May 2023 Class A Common Stock 158,510 Direct F1, F4, F5
transaction GROV Restricted Stock Units Options Exercise -824,774 -100% 0 15 May 2023 Class A Common Stock 824,774 Direct F1, F5, F6
transaction GROV Restricted Stock Units Options Exercise -10,889 -100% 0 15 May 2023 Class A Common Stock 10,889 Direct F1, F5, F6
transaction GROV Restricted Stock Units Options Exercise -268,242 -100% 0 15 May 2023 Class A Common Stock 268,242 Direct F1, F5, F6
transaction GROV Restricted Stock Units Options Exercise -9,155 -100% 0 15 May 2023 Class A Common Stock 9,155 Direct F1, F5, F6
transaction GROV Restricted Stock Units Options Exercise -225,286 -8.3% 2,478,145 15 May 2023 Class A Common Stock 225,286 Direct F1, F5, F7
transaction GROV Restricted Stock Units Options Exercise -378,078 -10% 3,402,699 15 May 2023 Class A Common Stock 378,078 Direct F1, F5, F7
* 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 Total includes 10,000 shares purchased on May 15, 2023, pursuant to the Issuer's Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).
F3 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.
F4 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.
F5 The RSUs have no expiration date.
F6 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
F7 These RSUs will vest in twelve equal installments on each 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 on May 15, 2023, with accelerated vesting following a change in control if the Reporting Person's services are terminated by the Issuer without cause or the Reporting Person resigns for good reason.