Stuart Landesberg - 15 Aug 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: 15 Aug 2024
Net transactions value: -$98,074
Form type: 4
Filing time: 19 Aug 2024, 21:11:48 UTC
Previous filing: 16 May 2024
Next filing: 19 Nov 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GROV	Class A Common Stock	Options Exercise		+31,702	+3%		1,082,466	15 Aug 2024	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	$20,405	-16,067	-1.5%	$1.27	1,066,399	15 Aug 2024	Direct	F2
transaction	GROV	Class A Common Stock	Options Exercise		+45,057	+4.2%		1,111,456	15 Aug 2024	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	$29,000	-22,835	-2.1%	$1.27	1,088,621	15 Aug 2024	Direct	F2
transaction	GROV	Class A Common Stock	Options Exercise		+75,615	+6.9%		1,164,236	15 Aug 2024	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	$48,669	-38,322	-3.3%	$1.27	1,125,914	15 Aug 2024	Direct	F2
holding	GROV	Class A Common Stock						123,558	15 Aug 2024	See footnote	F3

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		-31,702	-35%		59,744	15 Aug 2024	Class A Common Stock	31,702		Direct	F1, F4, F5
transaction	GROV	Restricted Stock Units	Options Exercise		-45,057	-14%		270,344	15 Aug 2024	Class A Common Stock	45,057		Direct	F1, F5, F6
transaction	GROV	Restricted Stock Units	Options Exercise		-75,615	-20%		302,465	15 Aug 2024	Class A Common Stock	75,615		Direct	F1, F5, F6

* 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 securities are directly held by The Landesberg Living Trust, dated October 15, 2021, for which the Reporting Person and his spouse serve as co-trustees.
F4	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.
F5	The RSUs have no expiration 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.