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

Role
Chief Technology Officer
Signature
/s/Barbara Wallace, Attorney-in-Fact for Christopher Clark
Stock symbol
GROV
Transactions as of
Aug 15, 2024
Transactions value $
-$28,870
Form type
4
Date filed
8/19/2024, 08:36 PM
Previous filing
Jul 1, 2024
Next filing
Nov 19, 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 +12.08% 126K Aug 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$7.9K -6.22K -4.94% $1.27 120K Aug 15, 2024 Direct F2
transaction GROV Class A Common Stock Options Exercise +12.2K +10.18% 132K Aug 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$7.09K -5.59K -4.24% $1.27 126K Aug 15, 2024 Direct F2
transaction GROV Class A Common Stock Options Exercise +21.5K +17.06% 148K Aug 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$12.5K -9.88K -6.68% $1.27 138K Aug 15, 2024 Direct F2
transaction GROV Class A Common Stock Options Exercise +2.28K +1.65% 140K Aug 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$1.33K -1.05K -0.75% $1.27 139K Aug 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 -9.09% 136K Aug 15, 2024 Class A Common Stock 13.6K Direct F1, F3, F4
transaction GROV Restricted Stock Units Options Exercise -12.2K -14.29% 73.1K Aug 15, 2024 Class A Common Stock 12.2K Direct F1, F4, F5
transaction GROV Restricted Stock Units Options Exercise -21.5K -20% 86.2K Aug 15, 2024 Class A Common Stock 21.5K Direct F1, F4, F6
transaction GROV Restricted Stock Units Options Exercise -2.28K -49.99% 2.28K Aug 15, 2024 Class A Common Stock 2.28K 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 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.
F4 The RSUs have no expiration date.
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.
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.
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.