Christopher Clark - Oct 2, 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
Oct 2, 2023
Transactions value $
-$17,469
Form type
4
Date filed
10/3/2023, 12:48 PM
Previous filing
Sep 20, 2023
Next filing
Nov 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GROV Class A Common Stock Sale -$17.5K -6.49K -6.69% $2.69 90.4K Oct 2, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 16, 2023.
F2 The transaction was executed in multiple trades in prices ranging from $2.65 to $2.77, inclusive. The price reported in Column 4 above reflects the weighted average sales price. The Reporting person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares purchased at each respective price within the range set forth in this footnote of this Form 4.