Jennie Perry - Jul 21, 2022 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role
Chief Marketing Officer
Signature
/s/ Nathan Francis, Attorney-in-Fact for Jennie Perry
Stock symbol
GROV
Transactions as of
Jul 21, 2022
Transactions value $
$0
Form type
4
Date filed
7/22/2022, 04:31 PM
Previous filing
Jun 21, 2022
Next filing
Oct 31, 2022

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 Stock Option (Right to Buy) Conversion of derivative security $0 -823K -100% $0.00* 0 Jul 21, 2022 Class B Common Stock 823K $3.77 Direct F1, F2
transaction GROV Stock Option (Right to Buy) Conversion of derivative security $0 +823K $0.00 823K Jul 21, 2022 Class A Common Stock 823K $3.77 Direct F1, F2
transaction GROV Restricted Stock Units Conversion of derivative security $0 -235K -100% $0.00* 0 Jul 21, 2022 Class B Common Stock 235K Direct F1, F3
transaction GROV Restricted Stock Units Conversion of derivative security $0 +235K $0.00 235K Jul 21, 2022 Class A Common Stock 235K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person has elected to convert these securities from Class B Common Stock to Class A Common Stock.
F2 This option vested 25% on February 8, 2022, and then vests quarterly for the next 36 months, subject to the Reporting Person's continuous service through each applicable vesting date, with accelerated vesting following a change in control if the Reporting Person's services are terminated by the Issuer without cause or she resigns for good reason.
F3 These restricted stock units ("RSUs") vest in four quarterly installments starting on May 15, 2022, with accelerated vesting following a change in control if the Reporting Person's services are terminated by the Issuer without cause or she resigns for good reason. The RSUs have no expiration date.