Christopher Clark - May 25, 2023 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Signature
/s/Barbara Wallace, Attorney-in-Fact for Christopher Clark
Stock symbol
GROV
Transactions as of
May 25, 2023
Transactions value $
-$26,175
Form type
4
Date filed
5/26/2023, 03:01 PM
Previous filing
May 23, 2023
Next filing
May 31, 2023

Transactions Table

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

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 -108K -10% 969K May 25, 2023 Class A Common Stock 108K Direct F1, F3, F4
* 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 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.