Stuart Landesberg - 26 Feb 2024 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role
Director, Executive Chairman
Signature
/s/Barbara Wallace, Attorney-in-Fact for Stuart Landesberg
Issuer symbol
GROV
Transactions as of
26 Feb 2024
Net transactions value
$0
Form type
4
Filing time
28 Feb 2024, 17:02:21 UTC
Previous filing
20 Feb 2024
Next filing
11 Mar 2024
SEC
View on sec.gov

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 Award +286,000 286,000 26 Feb 2024 Class A Common Stock 286,000 Direct F1, F2, F3
* 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 RSUs vest 1/3 one year from the vesting start date and then in eight quarterly installments thereafter, subject to the Reporting Person's continued service with the Issuer as its executive chairman through each applicable vesting date, and subject to the achievement of specified stock price metrics on or before the four-year anniversary of January 1. 2024.
F3 The RSUs have no expiration date.