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

Role: Chief Marketing Officer
Signature: /s/Barbara Wallace, Attorney-in-Fact for Jennie Perry
Stock symbol: GROV
Transactions as of: May 15, 2024
Transactions value $: -$33,260
Form type: 4
Date filed: 5/17/2024, 03:02 PM
Previous filing: Feb 28, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GROV	Class A Common Stock	Options Exercise		+13.4K	+8.14%		178K	May 15, 2024	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	-$8.73K	-5.26K	-2.96%	$1.66	172K	May 15, 2024	Direct	F2
transaction	GROV	Class A Common Stock	Options Exercise		+7.1K	+4.12%		179K	May 15, 2024	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	-$4.64K	-2.79K	-1.56%	$1.66	177K	May 15, 2024	Direct	F2
transaction	GROV	Class A Common Stock	Options Exercise		+16.3K	+9.25%		193K	May 15, 2024	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	-$10.7K	-6.43K	-3.33%	$1.66	187K	May 15, 2024	Direct	F2
transaction	GROV	Class A Common Stock	Options Exercise		+14.1K	+7.57%		201K	May 15, 2024	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	-$9.22K	-5.55K	-2.77%	$1.66	195K	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		-13.4K	-8.33%		147K	May 15, 2024	Class A Common Stock	13.4K		Direct	F1, F3, F4
transaction	GROV	Restricted Stock Units	Options Exercise		-7.1K	-28.7%		17.6K	May 15, 2024	Class A Common Stock	7.1K		Direct	F1, F4, F5
transaction	GROV	Restricted Stock Units	Options Exercise		-16.3K	-12.5%		114K	May 15, 2024	Class A Common Stock	16.3K		Direct	F1, F4, F6
transaction	GROV	Restricted Stock Units	Options Exercise		-14.1K	-16.67%		70.6K	May 15, 2024	Class A Common Stock	14.1K		Direct	F1, F4, 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	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	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.
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 February 15, 2025, subject to the Reporting Person's continued service with the Issuer through each applicable vesting 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.