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

Reporting relationship: Chief Technology Officer
Issuer ticker: GROV
Reported as of: 15 Aug 2024
Net transaction value: -$28,870
SEC form: 4
Accepted by SEC: 19 Aug 2024, 20:36:35 UTC
Prior SEC filing: 01 Jul 2024
Next SEC filing: 19 Nov 2024
Source filing: View source filing
Reporting owner signature: /s/Barbara Wallace, Attorney-in-Fact for Christopher Clark

Key filing fact

Christopher Clark filed Form 4 for Grove Collaborative Holdings, Inc. (GROV) on 19 Aug 2024.

Key facts

This page summarizes Christopher Clark's Form 4 filing for Grove Collaborative Holdings, Inc. (GROV).
12 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 19 Aug 2024, 20:36.

Change

Previous filing in this sequence was filed on 01 Jul 2024.
Current net transaction value: -$28,870.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GROV transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +13,572
Change %: +12%
Price
Shares after: 125,916
Date: 15 Aug 2024
Ownership: Direct
Footnotes: F1

GROV transaction

Class A Common Stock

Tax liability

Transaction value: $7,903
Shares: -6,223
Change %: -4.9%
Price: $1.27
Shares after: 119,693
Date: 15 Aug 2024
Ownership: Direct
Footnotes: F2

GROV transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +12,181
Change %: +10%
Price
Shares after: 131,874
Date: 15 Aug 2024
Ownership: Direct
Footnotes: F1

GROV transaction

Class A Common Stock

Tax liability

Transaction value: $7,094
Shares: -5,586
Change %: -4.2%
Price: $1.27
Shares after: 126,288
Date: 15 Aug 2024
Ownership: Direct
Footnotes: F2

GROV transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +21,542
Change %: +17%
Price
Shares after: 147,830
Date: 15 Aug 2024
Ownership: Direct
Footnotes: F1

GROV transaction

Class A Common Stock

Tax liability

Transaction value: $12,544
Shares: -9,877
Change %: -6.7%
Price: $1.27
Shares after: 137,953
Date: 15 Aug 2024
Ownership: Direct
Footnotes: F2

GROV transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +2,281
Change %: +1.7%
Price
Shares after: 140,234
Date: 15 Aug 2024
Ownership: Direct
Footnotes: F1

GROV transaction

Class A Common Stock

Tax liability

Transaction value: $1,328
Shares: -1,046
Change %: -0.75%
Price: $1.27
Shares after: 139,188
Date: 15 Aug 2024
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

GROV transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -13,572
Change %: -9.1%
Price
Shares after: 135,719
Date: 15 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 13,572
Exercise price
Footnotes: F1, F3, F4

GROV transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -12,181
Change %: -14%
Price
Shares after: 73,090
Date: 15 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 12,181
Exercise price
Footnotes: F1, F4, F5

GROV transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -21,542
Change %: -20%
Price
Shares after: 86,170
Date: 15 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 21,542
Exercise price
Footnotes: F1, F4, F6

GROV transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -2,281
Change %: -50%
Price
Shares after: 2,282
Date: 15 Aug 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,281
Exercise price
Footnotes: F1, F4, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A Common Stock

Footnote 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.

Footnote F3

These RSUs will vest in quarterly installments 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.

Footnote F4

The RSUs have no expiration date.

Footnote F5

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.

Footnote F6

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.

Footnote F7

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.