Stuart Landesberg - Nov 15, 2023 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role
Director, Executive Director
Signature
/s/Barbara Wallace, Attorney-in-Fact for Stuart Landesberg
Stock symbol
GROV
Transactions as of
Nov 15, 2023
Transactions value $
-$147,319
Form type
4
Date filed
11/17/2023, 05:41 PM
Previous filing
Aug 17, 2023
Next filing
Dec 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GROV Class A Common Stock Options Exercise +31.7K +3.96% 832K Nov 15, 2023 Direct F2
transaction GROV Class A Common Stock Tax liability -$30.7K -15.7K -1.89% $1.95 817K Nov 15, 2023 Direct F3
transaction GROV Class A Common Stock Options Exercise +45.1K +5.52% 862K Nov 15, 2023 Direct F2
transaction GROV Class A Common Stock Tax liability -$43.6K -22.3K -2.59% $1.95 839K Nov 15, 2023 Direct F3
transaction GROV Class A Common Stock Options Exercise +75.6K +9.01% 915K Nov 15, 2023 Direct F2
transaction GROV Class A Common Stock Tax liability -$73.1K -37.5K -4.1% $1.95 877K Nov 15, 2023 Direct F3
holding GROV Class A Common Stock 124K Nov 15, 2023 See footnote F1

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 -31.7K -17.33% 151K Nov 15, 2023 Class A Common Stock 31.7K Direct F2, F4, F5
transaction GROV Restricted Stock Units Options Exercise -45.1K -10% 406K Nov 15, 2023 Class A Common Stock 45.1K Direct F2, F5, F6
transaction GROV Restricted Stock Units Options Exercise -75.6K -12.5% 529K Nov 15, 2023 Class A Common Stock 75.6K Direct F2, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are directly held by The Landesberg Living Trust, dated October 15, 2021, for which the Reporting Person and his spouse serve as co-trustees.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A 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.