Sergio Cervantes - Nov 15, 2024 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role: Chief Financial Officer
Signature: /s/Barbara Wallace, Attorney-in-Fact for Sergio Cervantes
Stock symbol: GROV
Transactions as of: Nov 15, 2024
Transactions value $: -$40,556
Form type: 4
Date filed: 11/19/2024, 07:18 PM
Previous filing: Aug 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		+8.82K	+3.95%		232K	Nov 15, 2024	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	-$5.16K	-3.88K	-1.67%	$1.33	228K	Nov 15, 2024	Direct	F2
transaction	GROV	Class A Common Stock	Options Exercise		+25.3K	+11.1%		254K	Nov 15, 2024	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	-$14.8K	-11.1K	-4.39%	$1.33	243K	Nov 15, 2024	Direct	F2
transaction	GROV	Class A Common Stock	Options Exercise		+31.2K	+12.87%		274K	Nov 15, 2024	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	-$18.2K	-13.7K	-5.01%	$1.33	260K	Nov 15, 2024	Direct	F2
transaction	GROV	Class A Common Stock	Options Exercise		+4K	+1.54%		264K	Nov 15, 2024	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	-$2.34K	-1.76K	-0.67%	$1.33	262K	Nov 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		-8.82K	-14.29%		52.9K	Nov 15, 2024	Class A Common Stock	8.82K		Direct	F1, F3, F4
transaction	GROV	Restricted Stock Units	Options Exercise		-25.3K	-10%		228K	Nov 15, 2024	Class A Common Stock	25.3K		Direct	F1, F4, F5
transaction	GROV	Restricted Stock Units	Options Exercise		-31.2K	-25%		93.6K	Nov 15, 2024	Class A Common Stock	31.2K		Direct	F1, F4, F6
transaction	GROV	Restricted Stock Units	Options Exercise		-4K	-25%		12K	Nov 15, 2024	Class A Common Stock	4K		Direct	F1, F4, 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 RSUs vest 25% on May 15, 2023, and then in quarterly installments for the next 36 months, with accelerated vesting following a change in control if the Reporting Person's services are terminated by the Issuer without cause or he resigns for good reason.
F4	The RSUs have no expiration date.
F5	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.
F6	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 on May 15, 2023.