Christopher Clark - 15 Aug 2023 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Reporting relationship: Chief Digital Officer, Director
Issuer ticker: GROV
Reported as of: 15 Aug 2023
Net transaction value: -$42,309
SEC form: 4
Accepted by SEC: 17 Aug 2023, 19:52:21 UTC
Prior SEC filing: 02 Jun 2023
Next SEC filing: 17 Aug 2023
Source filing: View source filing
Reporting owner signature: /s/Barbara Wallace, Attorney-in-Fact for Christopher Clark

Key filing fact

Christopher Clark filed Form 4 for Grove Collaborative Holdings, Inc. (GROV) on 17 Aug 2023.

Key facts

This page summarizes Christopher Clark's Form 4 filing for Grove Collaborative Holdings, Inc. (GROV).
12 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 17 Aug 2023, 19:52.

Change

Previous filing in this sequence was filed on 02 Jun 2023.
Current net transaction value: -$42,309.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GROV transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +6,125
Change %: +5.5%
Price
Shares after: 116,720
Date: 15 Aug 2023
Ownership: Direct
Footnotes: F1, F2

GROV transaction

Class A Common Stock

Tax liability

Transaction value: $6,152
Shares: -2,809
Change %: -2.4%
Price: $2.19
Shares after: 113,911
Date: 15 Aug 2023
Ownership: Direct
Footnotes: F3

GROV transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +2,281
Change %: +2%
Price
Shares after: 116,192
Date: 15 Aug 2023
Ownership: Direct
Footnotes: F1

GROV transaction

Class A Common Stock

Tax liability

Transaction value: $2,291
Shares: -1,046
Change %: -0.9%
Price: $2.19
Shares after: 115,146
Date: 15 Aug 2023
Ownership: Direct
Footnotes: F3

GROV transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +12,181
Change %: +11%
Price
Shares after: 127,327
Date: 15 Aug 2023
Ownership: Direct
Footnotes: F1

GROV transaction

Class A Common Stock

Tax liability

Transaction value: $12,233
Shares: -5,586
Change %: -4.4%
Price: $2.19
Shares after: 121,741
Date: 15 Aug 2023
Ownership: Direct
Footnotes: F3

GROV transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +21,542
Change %: +18%
Price
Shares after: 143,283
Date: 15 Aug 2023
Ownership: Direct
Footnotes: F1

GROV transaction

Class A Common Stock

Tax liability

Transaction value: $21,633
Shares: -9,878
Change %: -6.9%
Price: $2.19
Shares after: 133,405
Date: 15 Aug 2023
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

GROV transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -6,125
Change %: -33%
Price
Shares after: 12,250
Date: 15 Aug 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 6,125
Exercise price
Footnotes: F1, F4, F5

GROV transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -2,281
Change %: -23%
Price
Shares after: 7,744
Date: 15 Aug 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,281
Exercise price
Footnotes: F1, F5, F6

GROV transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -12,181
Change %: -9.1%
Price
Shares after: 121,814
Date: 15 Aug 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 12,181
Exercise price
Footnotes: F1, F5, F7

GROV transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -21,542
Change %: -11%
Price
Shares after: 172,338
Date: 15 Aug 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 21,542
Exercise price
Footnotes: F1, F5, F8

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A Common Stock

Footnote F2

On June 5, the common stock of Grove Collaborative Holdings, Inc. reverse split 1-for-5, resulting in a decrease of 442,382 shares in the reporting person's ownership of common stock.

Footnote 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.

Footnote 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, 2024, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.

Footnote F5

The RSUs have no expiration date.

Footnote F6

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, 2024, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.

Footnote 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.

Footnote F8

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.