Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GROV | Class A Common Stock | Options Exercise | +108K | +19.78% | 652K | May 25, 2023 | Direct | F1 | ||
transaction | GROV | Class A Common Stock | Tax liability | -$26.2K | -49.4K | -7.57% | $0.53 | 603K | May 25, 2023 | Direct | F2 |
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 | -108K | -10% | 969K | May 25, 2023 | Class A Common Stock | 108K | Direct | F1, F3, F4 |
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 | 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. 107,711 shares vested on 5/15/23 and settled on 5/25/23. |
F4 | The RSUs have no expiration date. |