Jennie Perry - 15 Aug 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
Issuer symbol: GROV
Transactions as of: 15 Aug 2023
Net transactions value: -$32,362
Form type: 4
Filing time: 17 Aug 2023, 19:56:10 UTC
Previous filing: 17 May 2023
Next filing: 17 Nov 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		+7,096	+7.2%		105,129	15 Aug 2023	Direct	F1, F2
transaction	GROV	Class A Common Stock	Tax liability	$6,117	-2,793	-2.7%	$2.19	102,336	15 Aug 2023	Direct	F3
transaction	GROV	Class A Common Stock	Options Exercise		+16,339	+16%		118,675	15 Aug 2023	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	$14,082	-6,430	-5.4%	$2.19	112,245	15 Aug 2023	Direct	F3
transaction	GROV	Class A Common Stock	Options Exercise		+14,114	+13%		126,359	15 Aug 2023	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	$12,163	-5,554	-4.4%	$2.19	120,805	15 Aug 2023	Direct	F3

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		-7,096	-17%		35,257	15 Aug 2023	Class A Common Stock	7,096		Direct	F1, F4, F5
transaction	GROV	Restricted Stock Units	Options Exercise		-16,339	-9.1%		163,400	15 Aug 2023	Class A Common Stock	16,339		Direct	F1, F5, F6
transaction	GROV	Restricted Stock Units	Options Exercise		-14,114	-11%		112,916	15 Aug 2023	Class A Common Stock	14,114		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	On June 5, the common stock of Grove Collaborative Holdings, Inc. reverse split 1-for-5, resulting in a decrease of 392,132 shares in the reporting person's ownership of common stock.
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 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.