Sergio Cervantes - 15 Feb 2025 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role
Chief Financial Officer
Signature
/s/Barbara Wallace, Attorney-in-Fact for Sergio Cervantes
Issuer symbol
GROV
Transactions as of
15 Feb 2025
Net transactions value
-$57,452
Form type
4
Filing time
19 Feb 2025, 20:19:22 UTC
Previous 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 +8,820 +3.4% 271,106 15 Feb 2025 Direct F1
transaction GROV Class A Common Stock Tax liability $7,304 -4,322 -1.6% $1.69 266,784 15 Feb 2025 Direct F2
transaction GROV Class A Common Stock Options Exercise +25,347 +9.5% 292,131 15 Feb 2025 Direct F1
transaction GROV Class A Common Stock Tax liability $20,990 -12,420 -4.3% $1.69 279,711 15 Feb 2025 Direct F2
transaction GROV Class A Common Stock Options Exercise +31,209 +11% 310,920 15 Feb 2025 Direct F1
transaction GROV Class A Common Stock Tax liability $25,845 -15,293 -4.9% $1.69 295,627 15 Feb 2025 Direct F2
transaction GROV Class A Common Stock Options Exercise +4,000 +1.4% 299,627 15 Feb 2025 Direct F1
transaction GROV Class A Common Stock Tax liability $3,312 -1,960 -0.65% $1.69 297,667 15 Feb 2025 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 -8,820 -17% 44,103 15 Feb 2025 Class A Common Stock 8,820 Direct F1, F3, F4
transaction GROV Restricted Stock Units Options Exercise -25,347 -11% 202,770 15 Feb 2025 Class A Common Stock 25,347 Direct F1, F4, F5
transaction GROV Restricted Stock Units Options Exercise -31,209 -33% 62,425 15 Feb 2025 Class A Common Stock 31,209 Direct F1, F4, F6
transaction GROV Restricted Stock Units Options Exercise -4,000 -33% 8,000 15 Feb 2025 Class A Common Stock 4,000 Direct F1, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Sergio Cervantes is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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.