Christopher Clark - May 15, 2024 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role
Chief Technology Officer, Director
Signature
/s/Barbara Wallace, Attorney-in-Fact for Christopher Clark
Stock symbol
GROV
Transactions as of
May 15, 2024
Transactions value $
-$37,733
Form type
4
Date filed
5/16/2024, 09:03 PM
Previous filing
May 2, 2024
Next filing
Jun 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GROV Class A Common Stock Options Exercise +13.6K +13.78% 112K May 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$10.3K -6.21K -5.54% $1.66 106K May 15, 2024 Direct F2
transaction GROV Class A Common Stock Options Exercise +900 +0.85% 107K May 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$765 -461 -0.43% $1.66 106K May 15, 2024 Direct F2
transaction GROV Class A Common Stock Options Exercise +1.38K +1.3% 108K May 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$1.05K -632 -0.59% $1.66 107K May 15, 2024 Direct F2
transaction GROV Class A Common Stock Options Exercise +12.2K +11.38% 119K May 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$9.25K -5.57K -4.68% $1.66 114K May 15, 2024 Direct F2
transaction GROV Class A Common Stock Options Exercise +21.5K +18.96% 135K May 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$16.4K -9.86K -7.29% $1.66 125K May 15, 2024 Direct F2

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 -13.6K -8.33% 149K May 15, 2024 Class A Common Stock 13.6K Direct F1, F3, F4
transaction GROV Restricted Stock Units Options Exercise -900 -16.47% 4.56K May 15, 2024 Class A Common Stock 900 Direct F1, F4, F5
transaction GROV Restricted Stock Units Options Exercise -1.38K -37.68% 2.28K May 15, 2024 Class A Common Stock 1.38K Direct F1, F4, F6
transaction GROV Restricted Stock Units Options Exercise -12.2K -12.5% 85.3K May 15, 2024 Class A Common Stock 12.2K Direct F1, F4, F7
transaction GROV Restricted Stock Units Options Exercise -21.5K -16.67% 108K May 15, 2024 Class A Common Stock 21.5K Direct F1, F4, F8
* 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 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.
F3 These RSUs will vest in quarterly each February 15, May 15, August 15 and November 15 commencing on May 15, 2024, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.
F4 The RSUs have no expiration date.
F5 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.
F6 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.
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.
F8 1/12th 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.