Jennie Perry - May 15, 2023 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role
Chief Marketing Officer
Signature
/s/Barbara Wallace, Attorney-in-Fact for Jennie Perry
Stock symbol
GROV
Transactions as of
May 15, 2023
Transactions value $
-$46,704
Form type
4
Date filed
5/17/2023, 06:23 PM
Previous filing
Mar 2, 2023
Next filing
Aug 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GROV Class A Common Stock Options Exercise +35.5K +10.31% 379K May 15, 2023 Direct F1
transaction GROV Class A Common Stock Tax liability -$6.88K -14K -3.68% $0.49 366K May 15, 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +48.7K +13.31% 414K May 15, 2023 Direct F1
transaction GROV Class A Common Stock Tax liability -$9.43K -19.1K -4.62% $0.49 395K May 15, 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +4.58K +1.16% 400K May 15, 2023 Direct F1
transaction GROV Class A Common Stock Tax liability -$887 -1.8K -0.45% $0.49 398K May 15, 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +81.7K +20.54% 480K May 15, 2023 Direct F1
transaction GROV Class A Common Stock Tax liability -$15.8K -32.1K -6.7% $0.49 447K May 15, 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +70.6K +15.78% 518K May 15, 2023 Direct F1
transaction GROV Class A Common Stock Tax liability -$13.7K -27.8K -5.36% $0.49 490K May 15, 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 -35.5K -14.35% 212K May 15, 2023 Class A Common Stock 35.5K Direct F1, F3, F4
transaction GROV Restricted Stock Units Options Exercise -48.7K -100% 0 May 15, 2023 Class A Common Stock 48.7K Direct F1, F4, F5
transaction GROV Restricted Stock Units Options Exercise -4.58K -100% 0 May 15, 2023 Class A Common Stock 4.58K Direct F1, F4, F5
transaction GROV Restricted Stock Units Options Exercise -81.7K -8.33% 899K May 15, 2023 Class A Common Stock 81.7K Direct F1, F4, F6
transaction GROV Restricted Stock Units Options Exercise -70.6K -10% 635K May 15, 2023 Class A Common Stock 70.6K Direct F1, F4, 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 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 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.
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 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.
F7 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.